by taxPRO Websites Staff | Jun 23, 2020 | Tax Tips and News
Tax Policy – When Marriage Doesn’t Pay: Analysis and Options for Addressing Marriage and Second-Earner Penalties
Key Findings In nearly two of every three households in America with dependents, more than one person works to make ends meet. In many cases,...
by taxPRO Websites Staff | Jun 22, 2020 | Tax Tips and News
Tax Policy – Global Tax Relief Efforts Vary in Scope and Time Frame in Response to COVID-19
Countries around the world have implemented and continue to implement emergency tax measures to support their economies during the coronavirus (COVID-19) crisis....
by taxPRO Websites Staff | Jun 22, 2020 | Tax Tips and News
IRS Tax News – Proposed regs. explain disallowed transportation fringe benefits
The IRS issued proposed regulations implementing changes to Sec. 274 that disallow a deduction for the expense of any Sec. 132(f) qualified transportation fringe provided to an...
by taxPRO Websites Staff | Jun 22, 2020 | Tax Tips and News
Tax Policy – Latest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving
Americans are very generous people, and they give despite the reduced tax benefits of giving. That’s the takeaway from Giving USA’s latest annual report on the...
by taxPRO Websites Staff | Jun 19, 2020 | Tax Tips and News
IRS Tax News – Guidance on how to take CARES Act distributions from qualified plans
The IRS released guidance on how taxpayers can take coronavirus-related distributions from qualified retirement plans as authorized by the CARES Act.
Source: IRS Tax...
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