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Net Operating Loss Carrybacks Are a Vital Source of Tax Relief for Struggling Firms in the Coronavirus Crisis

by Upstate Tax Professionals | May 26, 2020 | Tax Tips and News

Tax Policy – Net Operating Loss Carrybacks Are a Vital Source of Tax Relief for Struggling Firms in the Coronavirus Crisis As policymakers explore options for Phase 4 relief for businesses and individuals, it is important to understand why and how the...

Digital Services Taxes: Do They Comply with International Tax, Trade, and EU Law?

by Upstate Tax Professionals | May 26, 2020 | Tax Tips and News

Tax Policy – Digital Services Taxes: Do They Comply with International Tax, Trade, and EU Law? This analysis was prepared by a select group of JD candidates at the Institute of International Economic Law (IIEL) at Georgetown University in conjunction with...

IRS Updates Economic Impact Payment Statistics

by Upstate Tax Professionals | May 24, 2020 | Tax Tips and News

The Treasury Department has issued an additional $41 billion in Economic Impact Payments since May 8, 2020.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Five Indicted in Nationwide Fraud Scheme

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

Five Connecticut men have been indicted in a series of fraud schemes that targeted the elderly, bilking them out of more than $4 million.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

In Some States, 2020 Estimated Tax Payments Are Due Before 2019 Tax Returns

by Upstate Tax Professionals | May 22, 2020 | Tax Tips and News

Tax Policy – In Some States, 2020 Estimated Tax Payments Are Due Before 2019 Tax Returns When it comes to tax deadline extensions that have occurred in response to the COVID-19 pandemic, deadlines for filing and paying 2019 income taxes have received much...
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