April 27, 2020
Can heirs keep a Coronavirus Recovery Rebate that the Internal Revenue Service sent to a dead person? If the decedent passed away this year, the...
April 24, 2020
Senate Majority Leader Mitch McConnell (R-KY) recently said he is “in favor of allowing states to use the bankruptcy route,” instead of Congress providing them...
April 23, 2020
Perhaps it is a good time to start thinking about how the federal government is going to repay this new debt.
April 22, 2020
Remembering Paul O’Neill If President George W. Bush expected Paul O’Neill to spend his time as Secretary of the Treasury polishing his resume and promoting...
April 22, 2020
Defying the skeptics (including me ), the Internal Revenue Service last week began depositing direct payments of $1,200 for adults (plus $500 per child under...
April 21, 2020
COVID-19 is placing an unprecedented strain on local economies, hospital systems , health departments , and budgets . To weather the storm and continue to...
April 20, 2020
The current recession derives from two sources: demand and supply. On the demand side, consumers are purchasing fewer durable goods (e.g., automobiles) and spending much...
April 20, 2020
The Coronavirus Aid, Relief, and Economic Security (CARES) Act grants massive tax relief for business losses, but most of the benefits will be reaped by...
April 17, 2020
Over the next decade, the individual “ recovery rebate ” program will account for about half of the Coronavirus Aid, Relief and Economic Security (CARES)...
April 16, 2020
How rapidly is the economy collapsing in the wake of the COVID-19 pandemic? In just the past four weeks, total weekly unemployment insurance claims were...