As of May 16, the agency estimated it had a backlog of about 4.7 million paper returns. But the number that still need to be processed could be much bigger, according to a report from the Treasury Inspector General for Tax Administration. The actual number will not be known until all the mail is opened -- which could take months, it said. … [Read more...] about Taxes are due July 15. Here’s what you need to know
Business expense tax deduction
The president flies from Washington to Miami to receive a briefing about counter narcotics operations by personnel at U.S. Southern Command at 12:35 p.m. Trump will speak there at 1:40 p.m. before traveling to Doral, Fla., to the Iglesia Doral Jesus Worship Center for a roundtable discussion about U.S. help for the Venezuelan people. Trump will travel from Doral to a private residence at Hillsboro Beach, Fla., for a roundtable campaign fundraiser at 5:30 p.m. The president will fly back to Washington and return to the White House before 10 p.m. On Saturday, Trump will fly to New Hampshire to headline an outdoor reelection rally in Portsmouth. The president says he will this weekend visit soldiers and clinicians at the Walter Reed National Military Medical Center, adding he will wear a mask while inside the hospital (The Hill). … [Read more...] about The Hill’s Morning Report – Presented by Facebook – Justices rule Manhattan prosecutor, but not Congress, can have Trump tax records
"I disagree with @CDCgov on their very tough & expensive guidelines for opening schools. While they want them open, they are asking schools to do very impractical things. I will be meeting with them!!!" Trump said. Centers for Disease Control and Prevention (CDC) Director Robert Redfield later said that his agency would be putting out additional guidance for schools when reopening, although he did not make exactly clear what that would entail. … [Read more...] about Trump threatens tax-exempt status, funding for universities and schools over ‘radical left indoctrination’
He understands that when his taxes are unraveled before a New York grand jury and the inner workings of his multifarious business schemes are brought into the light of day, the picture won’t be of a successful multibillionaire mogul turned president but one of that clown, living on credit, a third-rate real-estate developer with a first-rate talent for fleecing banks and vendors. … [Read more...] about Trump’s No Billionaire. He’s a Bullshit Artist. And Soon, We’ll Have the Taxes To Prove It.
Britain's budget watchdog, the Office for Budget Responsibility, said in March — before the country entered lockdown — that it expected economic output to be about 4% lower over the next 15 years than it would have been without Brexit, even if the United Kingdom and the European Union reach a "typical" free trade agreement. … [Read more...] about Could the United Kingdom become an emerging market?