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The IRS’ Latest BAD NEWS for Americans is Going to Be Tough to Swallow

It’s not just the government shutdown’s fault, either.

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IRS

Thankfully, our federal government is now open for business…at least for three weeks.

During that 33 day span of governmental impasse, we were repeatedly given conflicting updates about the state of the IRS.  This was especially troubling for Americans who were beginning to work to prepare their taxes for 2018.

Worse still, we don’t know for certain that the government will remain open through Tax Day in April, imbuing more than a smidgeon of chaos to our financial lives.

Trending: BOMBSHELL: Report Claims Ukraine Colluded With Hillary Campaign to Defeat Trump

The latest news out of the IRS doesn’t seem too hopeful…even if the agency remains open.

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And this year many Americans are expected to be less than happy due to last year’s sweeping federal tax overhaul, which has Block and the rest of the tax-preparation industry bracing for plenty of sour reactions now that tax filing season is about to start ahead of the April 15 deadline. They’re doing things such as extra customer education, employee training and even role-playing exercises to prepare for the financial mood swings ahead.

The bill represented the biggest change in the U.S. tax code since 1986, altering the tax situation for many of the 154 million people expected to file individual federal returns this year with the Internal Revenue Service.

The latest redo, among other things, lowered tax rates for many individual income levels and raised the standard deduction. But it also eliminated many deductions that people had itemized to lower their tax burden — such as union dues and the fees that tax preparers charge — and it placed caps on others, such as state and local income tax deductions.

The upshot: While some filers will owe less or get a larger-than-expected refund, many others will be in the opposite camp, especially if they did not adjust their W-4 form that determines how much of their weekly income is withheld for taxes.

So, not only will your tax refund possibly be late, it may be smaller than usual as well.

 

 

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Clandestine Cabal Seeks to Hide Info in Jeffrey Epstein Case

Speculation over the identities of the concerned parties has run rampant online, given how well connected Epstein is.

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Jeffrey Epstein

In the pantheon of political pop culture, Jefferey Epstein is a bit of a lightning rod of controversy…as he should be. Epstein, who has already settled a lawsuit alleging him of sexually trafficking underage girls, is now fighting to keep some of the secrets of that case under wraps after an earlier adjudication was set to unseal the files. Epstein, who has been linked to some of America’s most powerful politicians and personalities, now has some reinforcements in his quest to keep his crimes quiet. Two mystery litigants citing privacy concerns are making a last-ditch bid to keep secret some details in a lawsuit stemming from wealthy financier Jeffrey Epstein’s history of paying underage girls for sex. Just prior to a court-imposed deadline Tuesday, two anonymous individuals surfaced to object to the unsealing of a key lower-court ruling in the case, as well as various submissions by the parties. Both people filed their complaints in the New York-based 2nd Circuit Court of Appeals, which is overseeing the case. The two people said they could face unwarranted speculation and embarrassment if the court makes public records from the suit, in which Virginia Giuffre, an alleged Epstein victim, accused longtime Epstein friend Ghislaine Maxwell of engaging in sex trafficking by facilitating his sexual encounters with teenage girls. Maxwell has denied the charges. Speculation over the identities of the concerned parties has run rampant online, given how well connected Epstein is. [Bill] Clinton, the 42nd president of the United States, was friends with Epstein and often flew on his plane and visited him on his island. Epstein donated to the Clinton Foundation and various Democratic causes and candidates. However, there has been no evidence that he was involved with underage sex activities. [Kenneth Starr is a]…former federal judge, U.S. solicitor general and independent…

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Reports Out of Camp Biden Say A Flag-Burning Running Mate is In The Works

The democratic frontrunner hasn’t even announced his candidacy yet.

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Joe Biden

Joe Biden is an odd bird, there’s no doubt about it, but that hasn’t stopped the democrats from being concerned over his physical and fiscal attributes on the eve of his long-coming 2020 presidential announcement. Biden, who has not officially announced, allowed a well-calculated “slip of the tongue” to be a barometer for himself last week should he go through with it.  And with a nearly complete staff underneath him, it’s really a matter of “when” and not “if” we find ourselves with Biden on the ballot. Now, in an oddly early bit of political chess, Biden’s “not yet campaign” is the source of a report that has the former Vice President eyeing up a controversial VP pick of his own. Advisers for former Vice President Joe Biden’s 2020 presidential campaign-in-waiting are debating whether to name failed gubernatorial candidate Stacey Abrams as his running mate, a Thursday report says. According to Axios, Biden aides believe adding Abrams to the ticket would send a strong signal to voters that he’s not “just another old white guy.” The outlet said Team Biden isn’t going all-in on picking the rising progressive star just yet, worrying that the move could be received as a “gimmick” and open the former Vice President up to a new line of attacks. The move comes at a time in which the democratic party polling shows that rich, old, white men are the most popular candidates that they have so far. Abrams has long been chastised by patriotic Americans for her involvement in a particular protest. Stacey Abrams on Tuesday defended her presence at a 1992 burning of a Georgia state flag, which contained the Confederate battle flag design, saying at a gubernatorial debate, “I’m a very proud Georgian.” “Twenty-six years ago as a college freshman, I along with many other Georgians — including…

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