Taxation in the United States

From the Tax Law Offices of David W. Klasing - What Does it Actually Mean When Biden Says He is "Closing the Tax Gap?"

Retrieved on: 
Tuesday, July 20, 2021
Tax, Taxation in the United States, Tax avoidance, Internal Revenue Service, Tax investigation, Tax noncompliance

"You might be wondering what this actually means.What is the tax gap and why is it so important to eliminate it?

Key Points: 
  • "You might be wondering what this actually means.What is the tax gap and why is it so important to eliminate it?
  • If you are concerned about a potential hike in IRS civil and criminal tax investigative measures to combat the growing tax gap, you should secure our help.
  • What Does an Increase in IRS Funding to Close the Tax Gap Mean for You?
  • View original content to download multimedia: https://www.prnewswire.com/news-releases/from-the-tax-law-offices-of-dav...
    SOURCE Tax Law Offices of David W. Klasing, PC

The Simón Bolívar Foundation Releases 2020 Annual Report highlighting efforts focused on supporting Venezuelans and others in need affected by the humanitarian crisis and the pandemic

Retrieved on: 
Monday, July 19, 2021
Charity law, Taxation in the United States, 501(c)(3) organizations, Foundation, Philanthropy in the United States, Private foundation

HOUSTON, July 19, 2021 /PRNewswire/ -- The Simn Bolvar Foundation , a 501 (c)(3) non-profit private foundation,today announced the release of its 2020 annual report.

Key Points: 
  • HOUSTON, July 19, 2021 /PRNewswire/ -- The Simn Bolvar Foundation , a 501 (c)(3) non-profit private foundation,today announced the release of its 2020 annual report.
  • Accordingly, among other efforts, the Foundation awarded the following grants in 2020:
    $100,000 in small grants targeted at increasing access to medicines and healthcare, expanding doctors' abilities to serve patients, and related objectives.
  • "We're very excited to release the Foundation's first public annual report and share the work we're doing daily to help the most vulnerable Venezuelans and others in need," said Mariela Poleo, President of the Simn Bolvar Foundation.
  • Learn more about the Foundation and its annual report here: https://www.simonbolivarfoundation.org/presentations/SBFAnnualReport2020...
    Simn Bolvar Foundation Inc. is the 501(c)(3) non-profit, private foundation of CITGO Petroleum Corporation.

NCLA Files Comments Deeming Treasury’s “Tax Cut Ban” Final Rule Opaque and Unconstitutional

Retrieved on: 
Friday, July 16, 2021
Taxation in the United States

Washington, D.C., July 15, 2021 (GLOBE NEWSWIRE) -- The U.S. Department of Treasurys Interim Final Rule (IFR) implementing the Tax Cut Ban provision of the American Rescue Plan Act of 2021 (ARPA) is unconstitutional, NCLA warns in comments filed today.

Key Points: 
  • Washington, D.C., July 15, 2021 (GLOBE NEWSWIRE) -- The U.S. Department of Treasurys Interim Final Rule (IFR) implementing the Tax Cut Ban provision of the American Rescue Plan Act of 2021 (ARPA) is unconstitutional, NCLA warns in comments filed today.
  • ARPA authorizes Treasury to claw back any funds spent in violation of the Tax Cut Ban.
  • NCLA released the following statements:
    Treasury cannot wield unconstitutional power to cure the Tax Cut Bans underlying constitutional infirmities.
  • Dressing up the Tax Cut Ban in fancy regulatory tax jargon in a rule many times the size of the statutory provisions its built on cant cure the Tax Cut Bans fatal flaws.

MEDIA ALERT — What are these deposits in my bank account?

Retrieved on: 
Thursday, July 15, 2021
Public policy, Government, Parenting, Other Policy Issues, Children, Family, Accounting, Professional services, Consumer, Taxation in the United States, Bank, Economic history of Italy, Finance, Money, Internal Revenue Service, Economy

What: Starting on July 15, 2021, many families will begin seeing deposits in their bank accounts from the Internal Revenue Service (IRS) and may not know why.

Key Points: 
  • What: Starting on July 15, 2021, many families will begin seeing deposits in their bank accounts from the Internal Revenue Service (IRS) and may not know why.
  • Other families who should be receiving these deposits will not receive them and also may not know why.
  • Finally, some families who receive the deposits may want to take steps to stop them.
  • Why: Several recent polls indicate that most Americans are not aware of these advance payments.

TPx Recognized as Top MSP on Channel Futures MSP 501

Retrieved on: 
Thursday, July 15, 2021
501(c) organization, Charity law, Taxation in the United States, MSP Groza silent pistol, Futures contract, Economic law, Military equipment

"The 2021 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today.

Key Points: 
  • "The 2021 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today.
  • "Coordinated by Channel Futures MSP 501 editor Allison Francis, this year's list was clearly one of the best ever on record."
  • The MSP 501 winners will be recognized at the MSP 501 Awards Gala at the Channel Partners Conference & Expo / MSP Summit , Nov. 1-4, in Las Vegas.
  • Channel Futures is where the world meets the channel; We are leading Channel Partners forward.

Propel Launches Platform to Help Low-income Families Navigate Government Benefits

Retrieved on: 
Wednesday, July 14, 2021
Articles, Employee benefits, Welfare, Federal assistance in the United States, Taxation in the United States

The Providers app was designed as a one-stop shop for Americans with limited income to manage government benefits and other income, side-by-side.

Key Points: 
  • The Providers app was designed as a one-stop shop for Americans with limited income to manage government benefits and other income, side-by-side.
  • "We realized that providing information about government benefits was helpful, but it wasn't enough," said Jimmy Chen, founder and CEO of Propel.
  • "For families with limited income, making it through the month means managing all of your financial resources, whether they're benefits like SNAP, government cash payments, or earned wages.
  • With Providers, we're giving all five million families we serve access to affordable, trusted banking so they can receive government benefits alongside their other income streams."

Med Tech Solutions Ranked on Channel Futures MSP 501--Tech Industry's Most Prestigious List of Global Managed Service Providers

Retrieved on: 
Wednesday, July 14, 2021
501(c) organization, Charity law, Taxation in the United States

Channel Futures is pleased to name MTSto the 2021 MSP 501 (#65), moving them up two slots from #67 in 2020.

Key Points: 
  • Channel Futures is pleased to name MTSto the 2021 MSP 501 (#65), moving them up two slots from #67 in 2020.
  • "The 2021 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today.
  • "Coordinated by Channel Futures MSP 501 editor Allison Francis, this year's list was clearly one of the best ever on record."
  • The MSP 501 winners will be recognized at the MSP 501 Awards Gala at the Channel Partners Conference & Expo / MSP Summit , Nov. 1-4, in Las Vegas.

Anticipating a Major Opportunity to Advance Financial Security, Commonwealth Scales Tax Credit Access Initiative For Low- and Moderate-Income Families of Color

Retrieved on: 
Wednesday, July 14, 2021
Banking, Professional services, White House, Federal Government, Philanthropy, State, Local, Labor, Fund Raising, Congressional News, Views, Foundation, Public policy, Government, Finance, Taxation in the United States, Tax, Tax credits, Taxation in the United Kingdom, Child tax credit, Internal Revenue Service

The fundamental changes to the tax code included in the American Rescue Plan Act of 2021 (ARPA) present a monumental opportunity to advance the financial security of financially vulnerable American families.

Key Points: 
  • The fundamental changes to the tax code included in the American Rescue Plan Act of 2021 (ARPA) present a monumental opportunity to advance the financial security of financially vulnerable American families.
  • On July 15, 2021, the IRS will begin monthly payments of the advance child tax credit, continuing through December 2021.
  • Commonwealths first rapid reaction campaign with partners Neighborhood Trust Financial Partners and SaverLife clearly communicated the changes in the tax credits to the most vulnerable families.
  • Commonwealth is a national nonprofit building financial security and opportunity for financially vulnerable people through innovation and partnerships to change systems.

Dallas Area LIHTC Project Awarded to FTK Construction Services

Retrieved on: 
Tuesday, July 13, 2021
Technology, Architecture, Legal, Lodging, Insurance, Travel, Other Construction & Property, Residential Building & Real Estate, Commercial Building & Real Estate, Professional services, Construction & Property, Building Systems, Other Technology, Urban planning, Affordable housing, Housing in the United States, Low-Income Housing Tax Credit, Taxation in the United States, Tax credit, Economy, FTK Construction Services, National Church Residences, FTK CONSTRUCTION SERVICES, NATIONAL CHURCH RESIDENCES

FTK Construction Services , LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is pleased to announce the contract award for Brandywine Apartments, located in Richardson, Texas.

Key Points: 
  • FTK Construction Services , LLC, (FTK) a full-service nationwide General Contractor specializing in Low-Income Housing Tax Credit (LIHTC) rehabilitation projects, is pleased to announce the contract award for Brandywine Apartments, located in Richardson, Texas.
  • View the full release here: https://www.businesswire.com/news/home/20210713005280/en/
    FTK Construction Services was awarded the rehabilitation contract for Brandywine Apartments, an affordable senior housing community in Richardson, TX.
  • Mark Frazier, COO of FTK Construction Services said, We at FTK are thrilled to continue our partnership with NCR at Brandywine Apartments.
  • FTK Construction Services is a full-service construction company, with three divisions of Multifamily expertise: Affordable Housing/Low-Income Housing Tax Credit (LIHTC) projects, Multifamily Renovations and Disaster Services/Insurance related property damage restoration.

Xperteks® Ranked on Channel Futures MSP 501--Tech Industry's Most Prestigious List of Global Managed Service Providers

Retrieved on: 
Tuesday, July 13, 2021
Articles, Charity law, Taxation in the United States, Business, Economy, Futures contract, Managed services, 501(c) organization, 501(c)(3) organization

Xperteks has been selected as one of the technology industry's top-performing providers of managed services by the editors of Channel Futures.

Key Points: 
  • Xperteks has been selected as one of the technology industry's top-performing providers of managed services by the editors of Channel Futures.
  • "The 2021 Channel Futures MSP 501 winners are the highest-performing and most innovative IT providers in the industry today.
  • "Coordinated by Channel Futures MSP 501 editor Allison Francis, this year's list was clearly one of the best ever on record."
  • The MSP 501 list recognizes top managed service providers based on metrics including recurring revenue, profit margin and other factors.