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Inefficiencies Created by the Tax System’s Dependence on Economic Depreciation

by taxPRO Websites Staff | Jun 12, 2020 | Tax Tips and News

Tax Policy – Inefficiencies Created by the Tax System’s Dependence on Economic Depreciation One idea that would help the nation’s economic recovery during the coronavirus crisis would be moving to full expensing of capital investment. The depreciation...

IRS Has Answers for Taxpayers Getting EIP Cards

by taxPRO Websites Staff | Jun 12, 2020 | Tax Tips and News

If any of your clients are one of the 4 million filers set to receive their Economic Impact Payment as a Visa prepaid debit card, they may be interested in one of the latest Internal Revenue Service press releases.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Colorado Tobacco Tax Bill Includes Positive Change

by taxPRO Websites Staff | Jun 11, 2020 | Tax Tips and News

Tax Policy – Colorado Tobacco Tax Bill Includes Positive Change Thursday, Colorado Representatives Yadira Caraveo (D) and Julie McCluskie (D) as well as Senators Rhonda Fields (D) and Dominick Moreno (D) introduced HB1427 which, if approved by voters in...

Leave-based donation program available during pandemic

by taxPRO Websites Staff | Jun 11, 2020 | Tax Tips and News

IRS Tax News – Leave-based donation program available during pandemic The IRS announced that employers may make donations this year to charitable organizations that provide relief to COVID-19 pandemic victims in exchange for personal leave that their...

New Jersey Considers Bonds Paid for by Statewide Property Tax

by taxPRO Websites Staff | Jun 11, 2020 | Tax Tips and News

Tax Policy – New Jersey Considers Bonds Paid for by Statewide Property Tax As New Jersey lawmakers grapple with reduced revenues due to the coronavirus pandemic and the related economic downturn, they have turned to an unusual solution: the issuance of...
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