How to take retroactive 100% bonus depreciation on QIP
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...April 17th Morning State Tax Update
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...States Should Be Allowed to Levy Sales Taxes on Internet Access
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...“Get My Payment” Goes Live on IRS.gov
The IRS Get My Payment tool is now available, providing EIP recipients a convenient way to set up direct deposit for and track the status of their payment.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Announces Automatic EIP for Supplemental Security Income Beneficiaries
Supplemental Security Income beneficiaries are now included in the group of non-filers who will automatically receive an Economic Impact Payment.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Upstate Tax Professionals