Posts Tagged ‘deficits’

Reporting, Responding, and Partnerships

Congress is in recess through the mid-term elections. The Daily Deduction will post each Monday until then.  Stranger than fiction: The IRS, “structuring,” and asset seizures. A business’ cash deposits, if under $10,000, do not trigger a government reporting requirement. But that could look like “structuring” to the IRS: Keeping cash deposits low specifically to […]

Deficits After ATRA

The American Taxpayer Relief Act (ATRA), the New Year’s legislation that effectively forestalled the bulk of the January 2013 fiscal cliff, probably staved off a recession. But compared to doing nothing, Congress made the deficit worse by passing ATRA. New Tax Policy Center calculations show how much more deficit reduction Congress will need to approve […]