by Upstate Tax Professionals | Feb 4, 2020 | Tax Tips and News
IRS Tax News – Final rules determine maximum vehicle values
The IRS finalized the rules for maximum vehicle values under the cents-per-mile valuation rule and the fleet-average valuation rule after the law known as the Tax Cuts and Jobs Act increased those...
by Upstate Tax Professionals | Feb 4, 2020 | Tax Tips and News
Tax Policy – Governor Kelly’s Tax Proposals Can Be Targeted Towards Right-Sizing Kansas’ Tax Base
Kansas Gov. Laura Kelly’s Fiscal Year 2021 budget and tax proposals can be targeted to effectively restructure Kansas’ tax base. Her budget proposal includes...
by Upstate Tax Professionals | Feb 4, 2020 | Tax Tips and News
Tax Policy – State Individual Income Tax Rates and Brackets for 2020
Key Findings Individual income taxes are a major source of state government revenue, accounting for 37 percent of state tax collections in fiscal year (FY) 2017. Forty-three states levy...
by Upstate Tax Professionals | Feb 4, 2020 | Tax Tips and News
Tax Policy – How Controlled Foreign Corporation Rules Look Around the World: Spain
Because of globalization and international commerce some countries have adopted Controlled Foreign Corporation (CFC) rules to reduce the effects of tax deferral. Spain,...
by Upstate Tax Professionals | Feb 3, 2020 | Tax Tips and News
Tax Policy – Testimony: Kansas Tax Modernization: A Framework for Stable, Fair, Pro-growth Reform
The following is our testimony to Kansas’ Senate Committee on Assessment and Taxation; and Kansas’ House Committee on Taxation Presenting: Kansas Tax...
Upstate Tax Professionals