by Upstate Tax Professionals | Apr 8, 2020 | Tax Tips and News
Tax Policy – These States Could Tax Your Recovery Rebates
Americans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the...
by Upstate Tax Professionals | Apr 8, 2020 | Tax Tips and News
IRS Tax News – Partnerships can file amended returns to get CARES Act benefits
To allow those partnerships to take advantage of the beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security Act, the IRS is allowing partnerships to...
by Upstate Tax Professionals | Apr 8, 2020 | Tax Tips and News
Tax Policy – Does Your State Tax Social Security Benefits?
The question, “Does my state tax Social Security benefits?” may be simple enough, but the answer includes a lot of nuance. Many states have unique and specific provisions regarding the taxation of...
by Upstate Tax Professionals | Apr 8, 2020 | Tax Tips and News
Tax Policy – Watch: Tax Foundation Experts Discuss Short-term Coronavirus Relief Packages
The coronavirus crisis demands urgent solutions but also careful consideration. How can governments best deliver immediate relief while ensuring that tax policies...
by Upstate Tax Professionals | Apr 8, 2020 | Tax Tips and News
IRS Tax News – AICPA posts 20 FAQs on tax filing relief
The AICPA posted FAQs explaining the latest developments in taxpayer relief during the COVID-19 pandemic. The AICPA has recommended that the IRS and Treasury Department expand the scope of recently...
Upstate Tax Professionals