by Upstate Tax Professionals | Apr 17, 2020 | Tax Tips and News
The Economic Impact Payment (EIP) program designed to ease the shock of halted employment during the coronavirus-related isolation period could experience some unexpected loopholes.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by Upstate Tax Professionals | Apr 17, 2020 | Tax Tips and News
IRS Tax News – IRS posts FAQs on paid sick and family leave
The IRS posted and updated 67 FAQs about the employer tax credits for paid sick and family leave enacted in the Families First Coronavirus Response Act.
Source: IRS Tax News – IRS...
by Upstate Tax Professionals | Apr 17, 2020 | Tax Tips and News
IRS Tax News – Veterans Affairs recipients to receive automatic economic impact payments
Recipients of Veterans Affairs benefits were added to the list of individuals who will automatically receive economic impact payments, the IRS announced.
Source:...
by Upstate Tax Professionals | Apr 17, 2020 | Tax Tips and News
IRS Tax News – How to take retroactive 100% bonus depreciation on QIP
The IRS issued procedures for how taxpayers can take advantage of the recently enacted technical correction to the rules for qualified improvement property (QIP).
Source: IRS Tax...
by Upstate Tax Professionals | Apr 17, 2020 | Tax Tips and News
Tax Policy – April 17th Morning State Tax Update
On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation...
Upstate Tax Professionals