Thoughts From the President

www.rogerpearsononline.com

Okay, this is a shameless promotion to try and convince you to head on over and take a look at the Prez's personal blog.  Nothing much about business, but being a history buff, he has some really interesting things to read - with a little humor built in.

Taxpayers With Discharged Student Loans Get Tax Relief

The IRS has recently announced in IR-2020-11 the issuance of Rev. Proc. 2020-11. This revenue procedure provides safe harbor relief to taxpayers who took out federal or private student loans to attend nonprofit or for-profit schools.  This extends relief provided by prior revenue procedures.

Get ACA Penalty Relief by Filing a Protective Refund Claim

In Texas v. U.S., No. 19-10011 (5th Cir. December 18, 2019; REVISED January 9, 2020), the U.S. Court of Appeals for the Fifth Circuit declared the individual mandate portion of the Affordable Care Act (ACA) unconstitutional, based largely on the penalty’s reduction to zero starting in 2019 by the Tax Cuts and Jobs Act (TCJA). This decision affirmed an earlier ruling by the federal District Court in Texas that found the mandate, as well as the rest of the ACA, unconstitutional.

Do You Use Lodging Broker Sites?

Services like Airbnb, HomeAway, FlipKey, and Vrbo offer consumers an alternative to the traditional hotel experience. In most cases, these companies act as brokers for private property owners, who offer lodging, homestays, or tourism experiences. Many travelers have utilized these services and had wonderful travel experiences. However, despite the best efforts to police the online sites, the potential for scams is real. Since an informed consumer is the best defense against fraud, here are a few things consumers should do when making reservations.

Returning to Conservatism

The term 'The New Right' is being thrown around a lot lately, but it really isn't new.  Rather, it is a return to the true definition of what a conservative is. I think one of the best definitions of conservatism was stated by Russell Kirk, known as the Father of American Conservatism.  He laid out the following 10 Principles: