by taxPRO Websites Staff | Apr 1, 2020 | Tax Tips and News
IRS Tax News – IRS waives failure-to-deposit penalties during pandemic
The IRS is permitting eligible employers who pay qualifying wages to retain an amount of the payroll taxes equal to the amount of qualifying wages that they paid, rather than deposit...
by taxPRO Websites Staff | Apr 1, 2020 | Tax Tips and News
Tax Policy – Idaho, Mississippi, and Virginia are the Holdouts on July 15th Tax Deadlines
As we all try to limit our exposure to the coronavirus as much as possible, delayed tax filing and payment deadlines are one less thing to worry about for now—at...
by taxPRO Websites Staff | Apr 1, 2020 | Tax Tips and News
Tax Policy – How Healthy is Your State’s Rainy Day Fund?
Economic cycles can have significant impacts on state revenue, but states can prepare for the inevitable downturns during good times by putting away money in a revenue stabilization fund—or rainy day...
by taxPRO Websites Staff | Apr 1, 2020 | Tax Tips and News
Tax Policy – State and Local Funding Totals Under the CARES Act
State and local governments across the country split $150 billion in federal aid under a provision of the Coronavirus Aid, Relief and Economic Security (CARES) Act, passed on March 30th. The...
by taxPRO Websites Staff | Apr 1, 2020 | Tax Tips and News
Tax Policy – FAQ on Federal Coronavirus Relief Bill (CARES Act)
Congress’s latest coronavirus relief package, the Coronavirus Aid, Relief, and Economic Security (CARES) Act, is the largest economic relief bill in U.S. history and will allocate $2.2...
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