by Upstate Tax Professionals | Feb 25, 2020 | Tax Tips and News
Tax Policy – Summary of the Latest Federal Income Tax Data, 2020 Update
The Internal Revenue Service (IRS) has released data on individual income taxes for tax year 2017, showing the number of taxpayers, adjusted gross income, and income tax shares by...
by Upstate Tax Professionals | Feb 25, 2020 | Tax Tips and News
Tax Policy – How Controlled Foreign Corporation Rules Look Around the World: Colombia and a Perspective of Latin America
The Colombian CFC regime was enacted in 2016 (Law 1819). An entity in Colombia is considered a CFC if it is not a resident in the...
by Upstate Tax Professionals | Feb 24, 2020 | Tax Tips and News
Tax Policy – Analysis of the Economic, Revenue, and Distributional Effects of Repealing Step-up in Basis
With Super Tuesday approaching, the six top Democratic presidential candidates continue to hone their tax proposals in order to address income...
by Upstate Tax Professionals | Feb 24, 2020 | Tax Tips and News
IRS Tax News – Proposed regs. issued on meal and entertainment expense deductions
The IRS issued proposed rules clarifying that taxpayers may generally continue to deduct 50% of the food and beverage expenses associated with operating their trade or...
by Upstate Tax Professionals | Feb 24, 2020 | Tax Tips and News
Tax Policy – Insights into the Tax Systems of Scandinavian Countries
Scandinavian countries are well-known for their broad social safety net and their public funding of services such as universal healthcare, higher education, parental leave, and child and...
Upstate Tax Professionals