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What you need to know about the new stimulus proposal
Nothing.
 
Many people just assume that I must be some sort of mathematical wizard.  It kind of just goes with the job.  In many ways though that's a misunderstanding of what the tax world is like.  My primary focus is on representing taxpayers in front of the IRS or state taxing authority and resolving tax problems.  I'm also heavily involved in tax preparation.  With both of those areas it is much more about understanding and interpreting the law rather than the underlying math.  
 
I spend much more time than the average person following and tracking proposed legislation.  If the only time you read about legislation is when someone shares a story on Facebook, then you may be missing a big piece of the equation.  With our perpetual news cycle every outlet is constantly trying to push out as much content as possible as often as possible.  The problem with that is they're going to be reporting on things that have no chance of ever becoming law.  The majority of things that are proposed never get signed into law.  There's a long list of reasons why this happens.  When the CARES Act was still being debated the Republican version included a lot of huge giveaways to large ... more

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