by taxPRO Websites Staff | May 5, 2020 | Tax Tips and News
The Internal Revenue Service today issued a “plus $500” last call for Supplemental Security Income and Veterans Affairs beneficiaries who can claim dependents as part of their Economic Impact Payment.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | May 5, 2020 | Tax Tips and News
Tax Policy – Chaos to the Left of Me. Chaos to the Right of me.
Yesterday, Pascal Saint-Amans, the Director of the Centre for Tax Policy and Administration at the OECD, announced that the negotiation timeline for new digital taxation proposals has been...
by taxPRO Websites Staff | May 5, 2020 | Tax Tips and News
Tax Policy – Treasury Audit Highlights the Need for Clearer Eligibility Guidelines for the EITC
Despite better record keeping, the federal government continues to incorrectly send out billions of dollars in tax relief, a sign of complexity in the tax code....
by taxPRO Websites Staff | May 1, 2020 | Tax Tips and News
IRS Tax News – AICPA challenging nondeductibility of PPP-related expenses
The IRS issued guidance clarifying that a deduction is disallowed for expenses for payroll costs, mortgage interest, rent, utilities, and other interest on debt obligations to the...
by taxPRO Websites Staff | Apr 30, 2020 | Tax Tips and News
The Internal Revenue Service says it had to delay the Special Enrollment Examination (SEE) tests for Enrolled Agents that was slated for May due to the coronavirus pandemic.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Apr 30, 2020 | Tax Tips and News
IRS Tax News – PLR and other requests for IRS guidance can now be sent electronically
The IRS is temporarily allowing taxpayers to submit requests for private letter rulings, closing agreements, determination letters and information letters electronically...
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