by Upstate Tax Professionals | May 19, 2020 | Tax Tips and News
Tax Policy – More Than Half the States Will Protect Businesses from Certain COVID-19-Related Unemployment Insurance Tax Hikes
Across the country, unemployment insurance (UI) benefits are playing an important role in helping individuals who have lost work...
by Upstate Tax Professionals | May 19, 2020 | Tax Tips and News
Tax Policy – HEROES Act Temporarily Increases Dependent Credit Generosity
Among other revenue provisions (Division B) of last week’s House-passed Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, the bill would make changes to certain...
by Upstate Tax Professionals | May 19, 2020 | Tax Tips and News
Tax Policy – Breaking Down State and Local Aid under the SMART Act
The State Municipal Assistance for Response and Transition (SMART) Act, sponsored by Senators Bob Menendez (D-NJ) and Bill Cassidy (R-LA) in the Senate and by Rep. Mikie Sherrill (D-NJ) in...
by Upstate Tax Professionals | May 19, 2020 | Tax Tips and News
Tax Policy – Neutral Cost Recovery Is Not a New Idea
Today, lawmakers and the administration are exploring policies to meet the need to increase investment and economic output amid an economic downturn. Improving the cost recovery treatment of long-lived...
by Upstate Tax Professionals | May 18, 2020 | Tax Tips and News
IRS Tax News – IRS mobilizing 3,500 phone operators to answer stimulus questions
With many taxpayers still having problems using the Internal Revenue Service’s “Get My Payment” website, the IRS announced that it is mobilizing 3,500 telephone...
Upstate Tax Professionals