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Are States Prepared for Skyrocketing Unemployment Insurance Claims?

by Upstate Tax Professionals | Mar 20, 2020 | Tax Tips and News

Tax Policy – Are States Prepared for Skyrocketing Unemployment Insurance Claims? Unemployment claims are going to tax state unemployment compensation trust funds beyond their limits. We need to start thinking about what to do about it. The joint...

Tax filing deadline moving to July 15, Treasury secretary announces

by Upstate Tax Professionals | Mar 20, 2020 | Tax Tips and News

IRS Tax News – Tax filing deadline moving to July 15, Treasury secretary announces Treasury Secretary Steven Mnuchin announced that taxpayers will have until July 15 to file their tax returns, a change from the guidance announced by the IRS earlier. ...

Senate Republicans Release Economic Relief Plan for Individuals and Businesses

by Upstate Tax Professionals | Mar 20, 2020 | Tax Tips and News

Tax Policy – Senate Republicans Release Economic Relief Plan for Individuals and Businesses Thursday evening, Senate Republicans released the Coronavirus Aid, Relief and Economic Security (CARES) Act. This bill is intended to be a third round of federal...

States Should Follow Federal Lead in Postponing Tax Day

by Upstate Tax Professionals | Mar 20, 2020 | Tax Tips and News

Tax Policy – States Should Follow Federal Lead in Postponing Tax Day This morning, the federal government moved tax day from April 15 to July 15 in response to the coronavirus pandemic, granting more time for both filing and payment. But for many...

COVID-19 Causes Delay of Tax Payment Deadline

by Upstate Tax Professionals | Mar 19, 2020 | Tax Tips and News

COVID-19 has disrupted daily life for taxpayers across the country. Whether due to school closures or businesses shutting down, change is the one thing that feels inevitable.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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