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May 2020 Enrolled Agent Exam Cancelled due to Coronavirus

by Upstate Tax Professionals | Apr 30, 2020 | Tax Tips and News

The Internal Revenue Service says it had to delay the Special Enrollment Examination (SEE) tests for Enrolled Agents that was slated for May due to the coronavirus pandemic.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

PLR and other requests for IRS guidance can now be sent electronically

by Upstate Tax Professionals | Apr 30, 2020 | Tax Tips and News

IRS Tax News – PLR and other requests for IRS guidance can now be sent electronically The IRS is temporarily allowing taxpayers to submit requests for private letter rulings, closing agreements, determination letters and information letters electronically...

Reliance on Property Taxes in Europe

by Upstate Tax Professionals | Apr 30, 2020 | Tax Tips and News

Tax Policy – Reliance on Property Taxes in Europe A recent report outlines to what extent OECD countries rely on various tax revenue sources. Today’s map looks at property tax revenue in European OECD countries, which, compared to other types of taxes,...

Hunting, Fishing Tax Hits the Mark

by Upstate Tax Professionals | Apr 29, 2020 | Tax Tips and News

The Tax Foundation found that an excise tax on firearms and other hunting and fishing gear is feeding tax proceeds back into projects that ultimately benefit outdoorsmen paying the tax.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

CARES Act QIP change requires action

by Upstate Tax Professionals | Apr 29, 2020 | Tax Tips and News

IRS Tax News – CARES Act QIP change requires action Taxpayers with qualified property must act to take advantage of changes to the treatment of qualified improvement property, which is now eligible for bonus depreciation. Here are some considerations for...
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