by Upstate Tax Professionals | Jan 31, 2020 | Tax Tips and News
IRS Tax News – Electronic filing mandated for Sec. 501(c)(3) applications
The IRS announced that Form 1023, Application for Recognition of Exemption Under Section 501(c)(3), must now be submitted electronically.
Source: IRS Tax News –...
by Upstate Tax Professionals | Jan 31, 2020 | Tax Tips and News
Tax Policy – Profit Shifting: Evaluating the Evidence and Policies to Address It
Over the last decade there have been serious efforts by many countries to change tax rules to address profit shifting by multinational businesses. Research on the size and the...
by Upstate Tax Professionals | Jan 31, 2020 | Tax Tips and News
Tax Policy – Combined State and Federal Corporate Income Tax Rates in 2020
Corporations in the United States pay federal corporate income taxes levied at a 21 percent rate. Many states also levy taxes on corporate income. Forty-four states and D.C. have...
by Upstate Tax Professionals | Jan 30, 2020 | Tax Tips and News
Tax Policy – FAQ on Digital Services Taxes and the OECD’s BEPS Project
Questions What is a digital services tax? What is the EU digital tax proposal? What is France’s digital tax proposal? What is the UK’s digital tax proposal? What countries have...
by Upstate Tax Professionals | Jan 30, 2020 | Tax Tips and News
Tax Policy – Bottled Spring Water Target of Taxes Once More
In December 2019, identical bills HB 861 and SB 1112 were introduced in Florida’s House of Representatives and Senate. The proposals would tax water extraction (excluding production from public...
Upstate Tax Professionals