by taxPRO Websites Staff | 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 taxPRO Websites Staff | 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 taxPRO Websites Staff | 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 taxPRO Websites Staff | 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...
by taxPRO Websites Staff | Apr 17, 2020 | Tax Tips and News
Tax Policy – States Should Be Allowed to Levy Sales Taxes on Internet Access
The Internet Tax Freedom Act (ITFA), enacted in 1998, was intended to protect the developing internet technology. ITFA, which prohibited states and localities from applying taxes...
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