“Pay me next year” requests are common, from employees, suppliers, vendors, customers, and more. A delay of a few days might mean tax deferral for up to a year. Besides, on a cash basis, you probably assume you can’t be taxed until you receive money. Yet, if you have a legal right to payment but decide not to receive…
It’s an ideal week for taxpayers to begin gathering their war chests for the season about to dawn. The Internal Revenue Service is defining income tax season as commencing Jan. 23 and extending to April 18. The reasons for the extra few days are April 15 falling on a Saturday and a federal holiday observed…
BY MARIO H. LOPEZ, CONTRIBUTOR President-elect Donald Trump campaigned strongly against illegal immigration, but it is the fate of President Obama’s Deferred Action for Childhood Arrivals (DACA) that is one of his most anticipated early decisions. DACA, a 2012 executive order, temporarily stayed the deportation of Dreamers — the undocumented immigrants who were unwittingly brought…
