Brian J. Thompson, CPA & Attorney

02/07/2024

https://www.yahoo.com/news/irs-expects-collect-hundreds-billions-202948481.html

The IRS is poised to take in hundreds of billions of dollars more in overdue and unpaid taxes than previously anticipated, according to new analysis released Tuesday by the Treasury Department and the IRS. Tax revenues are expected to rise by as much as $561 billion from 2024 to 2034, thanks to step...

11/02/2023

NYTimes

The resignation of Bob Goldberg comes days after a $1.8 billion verdict against N.A.R. and two months after The New York Times exposed complaints of sexual harassment in the group.

11/02/2023

The mortgage rate lock-in effect: the US has been here before in the 1980s.

Americans with cheap loans don’t want to sell. Those without homes can’t afford to buy. Will anything budge?

10/16/2023

Buyer's agent and seller's agent commissions may be untied in the future.
https://finance.yahoo.com/news/real-estate-brokers-pocketing-6-185119778.html?

(Bloomberg) -- The lucrative broker commission system at the heart of the US residential housing market is facing unprecedented antitrust scrutiny from the Justice Department and two private class-action lawsuits that risk weakening the National Association of Realtors, the industry’s powerful lob...

09/26/2023

https://finance.yahoo.com/news/us-home-prices-increase-sixth-130641882.html?

(Bloomberg) -- Home prices in the US climbed to a record high as the market bounces back. Most Read from BloombergDimon Warns 7% Fed Rate Still Possible, Times of India SaysRepublican Moderates Turn to Rare Maneuver to Avoid Lengthy Government ShutdownIndians Have Five Days to Deposit $3 Billion in....

08/29/2023

https://www.yahoo.com/finance/news/m-real-estate-investor-8-120002781.html

Experts always say that real estate is a good investment. Real Estate Agents Say: Buy Property in These 5 States To Be Rich in 5 YearsRelated: 3 Things You Must Do When Your Savings Reach $50,000 If...

08/22/2023

https://www.chicagobusiness.com/commercial-real-estate/spanish-billionaire-pays-232-million-west-loop-apartment-tower?fbclid=IwAR2QL-x_woApCqXGDGp0W9jUERDR4ZLdvNwBLtF8SE09Pp_iBjfOXObNKRs

The sale of the 45-story building is the biggest deal for a downtown apartment tower since before the COVID-19 pandemic.

07/24/2023

https://www.yahoo.com/finance/news/us-irs-ends-policy-unannounced-172318541.html

The U.S. Internal Revenue Service (IRS) said on Monday it was ending its policy of unannounced visits to taxpayers by agency revenue officers, reversing a decades-long practise to "reduce public confusion and enhance overall safety measures for taxpayers and employees." "Effective immediately, unann...

06/27/2023

https://www.cbssports.com/nfl/news/former-nfl-lb-bill-romanowski-wife-sued-by-us-government-for-more-than-15-3-million-in-alleged-unpaid-taxes/

Romanowski won three Super Bowls in his 16-year career

06/26/2023

Carefully examine the protections for renters before becoming a landlord:

Retiree Pamela Haile has paid property taxes, insurance and other bills on a house she lets out in Oakland, but for more than three years her tenants have paid no rent thanks to one of the longest-lasting eviction bans in the country. The eviction moratorium in the San Francisco Bay Area city expire...

06/21/2023

Welcome! You are invited to join a webinar: Remote Small Business Expo. After registering, you will receive a confirmation email about joining the webinar.

05/23/2023

Under an existing statute, the IRS can secretly probe your bank records and potentially those of your relatives without notice.