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Overview of Previous Tax Rebates During Economic Downturns

by Upstate Tax Professionals | Mar 23, 2020 | Tax Tips and News

Tax Policy – Overview of Previous Tax Rebates During Economic Downturns Lawmakers are currently debating the size and structure of “recovery rebates” for individual taxpayers as part of a package addressing the current health and economic crisis. The exact...

IRS provides guidance for April 15 filing delay

by Upstate Tax Professionals | Mar 21, 2020 | Tax Tips and News

IRS Tax News – IRS provides guidance for April 15 filing delay The IRS announced the postponement of the April 15 federal income tax filing deadline until July 15. Friday’s notice expands on earlier guidance that had only postponed tax payments but not the...

Did COVID-19 Change My State Individual Income Tax Deadline?

by Upstate Tax Professionals | Mar 21, 2020 | Tax Tips and News

Taxing Subjects has begun a list of state individual income tax return deadlines affected by the COVID-19 outbreak. We will update this list as we receive new information.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Treasury Secretary Mnuchin Announces New Filing Deadline

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

Treasury Secretary Steven Mnuchin announced on Twitter that taxpayers now have an additional 90 days to file their tax returns.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Final regulations address covered assets acquisition rules

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

IRS Tax News – Final regulations address covered assets acquisition rules The IRS issued final regulations that govern covered asset acquisitions, which are used to increase foreign tax credits. Source: IRS Tax News – Final regulations address...
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