by Upstate Tax Professionals | May 15, 2020 | Tax Tips and News
The IRS announced that close to 130 million taxpayers have now received an Economic Impact Payment—up from the 88 million toward the end of April—bringing the total amount of money issued to more than $200 billion.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by Upstate Tax Professionals | May 14, 2020 | Tax Tips and News
Tax Policy – HEROES Act First Bid to Provide Phase 4 Relief for Businesses and Individuals
The Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, a draft released Tuesday by Democrats in the U.S. House of Representatives, is the first...
by Upstate Tax Professionals | May 14, 2020 | Tax Tips and News
Tax Policy – Accounting for Deficits: When Should They Matter and How Should We Solve It?
Reporting suggests that Congress will continue to consider a variety of legislative solutions to support Americans enduring the ongoing public health crisis, provide...
by Upstate Tax Professionals | May 14, 2020 | Tax Tips and News
Tax Policy – The U.S. Tax Burden on Labor
Key Findings Average workers in the United States face two major taxes on wage income: the individual income tax and the payroll tax (levied on both the employee and the employer). Although slightly more than half...
by Upstate Tax Professionals | May 13, 2020 | Tax Tips and News
IRS Tax News – Final regs. clarify when interest in corporation is stock vs. debt
The IRS has issued final regulations addressing when certain related-party interests in corporations should be treated as stock vs. debt.
Source: IRS Tax News –...
Upstate Tax Professionals