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IRS announces strategy to eliminate tax evasion for pass-through companies

June 17, 2024
IRS unveils plan to close tax loophole for pass-through businesses

At Extreme Investor Network, we are always on top of the latest developments in personal finance, especially when it comes to tax loopholes and strategies used by large partnerships to avoid paying their fair share. … Read more

Categories Personal Finance Tags announces, companies, eliminate, evasion, IRS, passthrough, strategy, tax

Biden advisor reveals tax policy proposal to replace expiring Trump tax cuts

June 13, 2024
Biden plans higher taxes on wealthy to extend middle-class tax breaks

Welcome to Extreme Investor Network, where we provide you with cutting-edge insights and information on personal finance. Today, we’re diving into the latest news on President Joe Biden’s plans to address trillions in expiring tax … Read more

Categories Personal Finance Tags advisor, Biden, cuts, expiring, Policy, Proposal, Replace, Reveals, tax, Trump

Treasury and IRS announce $1 billion in upfront EV tax credits for buyers

June 12, 2024
$1 billion in EV tax credits issued upfront to buyers, say Treasury, IRS

Are you interested in purchasing an electric vehicle (EV) but hesitant due to the cost? Well, there’s good news! The federal government has introduced a new incentive program that provides upfront cash incentives to buyers … Read more

Categories Personal Finance Tags announce, billion, buyers, Credits, IRS, tax, Treasury, upfront

Biden and Trump seek to prolong tax cuts in spite of budget shortfall

June 11, 2024
Biden, Trump face tax cliff amid federal budget deficit

As we look ahead to the 2024 presidential election, the conversation around tax breaks and the federal budget deficit is heating up once again. With presumptive nominees President Joe Biden and former President Donald Trump … Read more

Categories Personal Finance Tags Biden, budget, cuts, prolong, Seek, shortfall, spite, tax, Trump

Important Information for American Expats: Tax Deadline Extended to June 17

June 10, 2024
The tax deadline for American expats is June 17 — here's what to know

Are you an expat living and working abroad and still need to file your 2023 taxes? The deadline is quickly approaching, but don’t worry, we’ve got you covered with all the information you need to … Read more

Categories Personal Finance Tags American, Deadline, Expats, extended, Important, information, June, tax

This Week Trudeau Plans to Call Vote on Controversial Tax Change

June 9, 2024
Trudeau to Call Vote on Contentious Tax Change This Week

At Extreme Investor Network, we keep a close eye on the latest developments in finance and government policies that may impact the financial landscape. One such development making headlines recently is Canadian Prime Minister Justin … Read more

Categories Finance Tags Call, Change, controversial, plans, tax, Trudeau, Vote, week

Reasons Why Minimum Wage and Certain Tax Breaks Remain Unchanged Despite Inflation

May 31, 2024
Why the minimum wage and some tax breaks don't budge despite inflation

Are you aware of the financial thresholds that are adjusted for inflation each year? These adjustments impact various aspects of personal finance, such as contribution limits to retirement accounts, Social Security benefits, federal income tax … Read more

Categories Personal Finance Tags Breaks, inflation, Minimum, Reasons, Remain, tax, unchanged, Wage

IRS to Launch Nationwide Direct File Tax Program in 2025

May 30, 2024
IRS free Direct File tax program to be available nationwide in 2025

The IRS is expanding its Direct File program nationwide in 2025, providing taxpayers in all 50 states with a free tax filing option. This initiative aims to make tax filing easier and more accessible to … Read more

Categories Personal Finance Tags Direct, File, IRS, launch, nationwide, Program, tax

Business owners can receive tax breaks by hiring their own children

May 27, 2024
Hiring your own kids can provide tax breaks for business owners

**Unlocking Tax Benefits by Hiring Your Kids** As a self-employed individual, hiring your children can offer significant tax benefits if done correctly. The idea of small businesses employing their own kids has been circulating on … Read more

Categories Personal Finance Tags Breaks, Business, children, hiring, owners, receive, tax

IRS Free File tax program will continue to be available until 2029

May 22, 2024
IRS adds ‘important update’ for free Direct File pilot

At Extreme Investor Network, we understand the importance of maximizing your financial opportunities, which is why we are excited to share the latest news on the IRS Free File program extension. The IRS has announced … Read more

Categories Personal Finance Tags Continue, File, free, IRS, Program, tax
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