Matrix Accounting and Tax

Pelosi praises CA bill giving illegal migrants money to buy homes: 'American dream' 'available to more people' Former House Speaker Nancy Pelosi, D-Calif., offered praise to a controversial bill advancing in her home state during her appearance on "Real Time with Bill Maher."

https://www.wsj.com/politics/policy/irs-rejections-covid-tax-credit-92013033

IRS Crackdown on Bogus Covid Refunds Hits Snags Tax advisers are citing mistakes in denials of employee-retention credit refunds, but the tax agency says there have been few errors.

Walgreens Plans Major U.S. Store Closures; Shares Tumble Shares of the pharmacy chain plummeted 25% after The Wall Street Journal reported the CEO’s plans and the company lowered its guidance for the full year.

Corporate Tax Rate Spurs Political Fight With More Than $1 Trillion at Stake The two parties are trying to turn the 21% rate in opposite directions—with each percentage point worth more than $130 billion over a decade in tax revenue.

IRS Crackdown Takes New Aim at Partnerships’ Maneuvers The agency says it can raise the money with tighter rules on deductions.

Trump Floats Tax-Free Tips for Workers. That Could Mean More Tipping for Customers. The presumptive Republican presidential nominee made the proposal in Nevada, trying to appeal to the swing state’s service-industry workers.

Elon Musk’s $46 Billion Pay Package: How Tesla Shareholder Approval Could Play Out Tesla shareholders voted to reinstate a pay package for Elon Musk that a judge had thrown out—a victory for Musk that is unlikely to put the issue to rest.

A Surging IRS Penalty Is Costing Americans Billions. Here’s How to Avoid It. Estimated-tax penalties can catch taxpayers by surprise. Even the government’s ‘safe harbors’ aren’t entirely safe.

New IRS Tax Brackets Take Effect In 2024, Meaning Your Paycheck Could Be Bigger In 2024, the IRS is adjusting federal income tax brackets and standard deductions to counteract the impact of inflation, aiming to prevent “bracket creep.” The changes will lead to higher take-home pay for Americans. The new standard deduction for married couples filing jointly will be $29,200, ...

May the wonder of that first Christmas, the joy of God’s abundant blessings and the peace of Jesus’ presence be with you always

May all that is beautiful, meaningful and brings you joy be yours this holiday season and throughout the coming year!

The Surprise Bill Coming to Those Who Underpay Their Taxes The IRS is charging 8% interest on estimated shortfalls, up from 3% two years ago, one of the many effects of rising interest rates.

Opinion | A Case of Tax Fraud—at the IRS Agents backdated documents to punish legal deductions.

If anyone is looking for a career-minded, professional administrator, capable of various capacities (bookkeeping, phone receptionists, customer service interaction, office, management), please respond to this post. Preferable full time work. We can attest to her professionalism, and job dedication.