Tax

Looking to the Future of Cryptocurrency: Long-Term Tenant or Fad Trend?

 

By: Kathryn Overby

With the emergence of Bitcoin in 2009 and its rapid growth over the last year, supporters and skeptics of cryptocurrency are asking one main question: What is the future of crypto? Continue reading »

Work From Home is Here to Stay: The Lasting Effects of COVID-19’s “Stay Home” Order

By: Claire Thompson

Working from home will continue to be the norm for the foreseeable future, not only because of the ever-changing COVID-19 pandemic but also because of employee preference. While employees had already been increasingly demanding remote work, the global pandemic turned that request into a requirement. Continue reading »

The Tax Implications of the Changing Native American Economy

By: Dylan Ray

OLYMPUS DIGITAL CAMERA

Sandia Resort and Casino

Nearly all revenue generated by Native American tribes is exempt from federal income taxation. Individual Native Americans are, however, usually, taxed like all other citizens. Individual Native Americans must pay tax on income derived from their labor, businesses, investments, and gains from dealings in properties that are not held in trust by the federal government. Additionally, the Internal Revenue Code (IRC) taxes individual Native American’s income regardless of whether it was earned on or off Native land.

Continue reading »

Tax and the Loss of Recession-Fighting Tools

Stock MarketBy: Dylan Ray, Summer Blogger

Economic activity, which reflects the balance between buying and selling assets, can be manipulated. In times of recession, with decreased economic activity, the government usually attempts to increase demand. For example, the Federal Reserve boosts economic activity, by reducing interest rates, in times of recession. Similarly, Congress can improve the economy, when it experiences a recession, by altering the tax regime and increasing capital investment. However, with the 2018 enactment of the Tax Cuts and Jobs Act (TCJA), Congress implemented aggressive depreciation provisions, which are no longer available to combat a forthcoming recession. Continue reading »