Will mortgage forgiveness create a taxable event?
When a bank forgives a mortgage, full or partial, the IRS considers that amount taxable income. John Fox joins Jim Blasingame to discuss the taxable event that will be created when banks forgive full or partial mortgage balances.
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John Fox joins Jim Blasingame to discuss some improvements to the new tax bill that weren't applied fairly enough.
John Fox joins Jim Blasingame to reveal some of the ways that small businesses received less tax advantages than big business and how what was given was also temporary.
John Fox joins Jim Blasingame to reveal how to reform the charitable deduction for every taxpayer to make it fair for all.
John Fox joins Jim Blasingame to discuss how the political establishment in Washington chose who wins and who loses in terms of tax policy.
John Fox joins Jim Blasingame to reveal his long-held views that the best way to reform the tax code and lower taxes is to eliminate most of the classic deductions held-over from the 20th century.
