by Upstate Tax Professionals | Mar 31, 2020 | Tax Tips and News
COVID-19 has disrupted life for Americans across the country, and as we’ve seen in recent weeks, the tax industry is not immune to change.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by Upstate Tax Professionals | Mar 31, 2020 | Tax Tips and News
Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by Upstate Tax Professionals | Mar 31, 2020 | Tax Tips and News
IRS Tax News – Recovery rebate payments to be issued within 3 weeks
The IRS has issued guidance on these payments, which it calls “economic impact payments,” and says they generally will be direct-deposited to most qualifying taxpayers’ bank accounts in...
by Upstate Tax Professionals | Mar 31, 2020 | Tax Tips and News
Tax Policy – Retroactive SALT Repeal Combines Weak Stimulus with Bad Tax Policy
House Speaker Nancy Pelosi (D-CA) has suggested that a retroactive repeal of the cap on State and Local Tax (SALT) deductions should be included in any future stimulus plans....
by Upstate Tax Professionals | Mar 31, 2020 | Tax Tips and News
Tax Policy – Gas Tax Revenue to Decline as Traffic Drops 38 Percent
The coronavirus pandemic is affecting most aspects of the economy, and motor fuel consumption is no exception. As social distancing recommendations, shelter-in-place-orders, and...
Upstate Tax Professionals