The Chips Bill is Set To Clear, Episode 23 by Ron Cohen

Ron Cohen Episode 23 The Chips Bill is Set To Clear

The Chips Bill is Set To Clear, Episode 23, by Ron Cohen

This week we discuss how Senate Democrats are pursuing a narrower “BBB” without a significant tax title, how the Senate is set to clear pared-down CHIPS bill with tax break for US semiconductor makers and the Employee Retention Credit (ERC) is a refundable tax credit for businesses that retained their employees during the COVID-19 pandemic. Additionally we look at how the IRS is finally going after the OIC mills that are dishonest and take advantage of taxpayers’ lack of knowledge to make a quick buck.

The Chips Bill Show Notes:

https://www2.deloitte.com/us/en/pages/tax/articles/tax-news-and-views-newsletter.html

American Dreams

Please let us know if there are specific topics you’d like to hear about in future episodes.

Ron Cohen,

CPA, Partner at Greenstein, Rogoff, Olsen & Co., LLP  CPAs & Advisors
Email: rcohen@groco.com
510.797.8661

Tax update with Ron, episode 30

Click here to listen to more from Ron.

Click here, then scroll down, to see Ron’s bio.

To receive GROCO’s free newsletter, click here.

Click here to learn more about Greenstein, Rogoff, Olsen & Co., LLP (GROCO.com)  Advisors to the ultra-affluent.

Groco

IRS

House Pushes Through Internet Tax Ban Bill but Will Senate Agree?

Everyone loves the Internet and most people couldn’t live without it. There are a lot of great things about the Internet; with one of those things being that fact that there are no state and local taxes to use it. Over the years, they have been many arguments back and forth as to whether or…

Which Is Higher, Your Food Bill or Your Tax Bill?

How high is your tax bill? Would you say you spend more on taxes than you do on food? What about clothing and shelter; do you spend more on them than you do on your taxes? The answer might surprise you. That’s because in actuality you probably spend more on your taxes every year than…

The Skinny on Tax-Deferred Retirement Accounts

Just about anyone could benefit from a tax-differed retirement account. These accounts, most commonly known as 401Ks or IRAs, are a great way to save for retirement and in many cases save on taxes. The real question is when do you plan on cashing out that retirement fund? While you will always see immediate savings…

Now Is the Time to Fix California’s Messed up Tax Code

The California tax code is about as healthy as the federal tax code. In other words, it needs a lot of work. Of course, there are many interested parties that are all hard at work trying to create plans that will help improve the state’s economy and tax revenue while helping those from the lower…