by taxPRO Websites Staff | Apr 9, 2020 | Tax Tips and News
Tax Policy – States’ Unemployment Compensation Trust Funds Could Run Out in Mere Weeks
Six states, which collectively account for over one-third of the U.S. population, are currently in a position to pay out fewer than 10 weeks of the unemployment...
by taxPRO Websites Staff | Apr 8, 2020 | Tax Tips and News
Drake Software today announced that Drake Tax supports Economic Impact Payment (EIP) returns, providing customers a way to help those who don’t typically file a return receive the payment recently authorized by the CARES Act.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Apr 8, 2020 | Tax Tips and News
Tax Policy – These States Could Tax Your Recovery Rebates
Americans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the...
by taxPRO Websites Staff | Apr 8, 2020 | Tax Tips and News
IRS Tax News – Partnerships can file amended returns to get CARES Act benefits
To allow those partnerships to take advantage of the beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security Act, the IRS is allowing partnerships to...
by taxPRO Websites Staff | Apr 8, 2020 | Tax Tips and News
Tax Policy – Does Your State Tax Social Security Benefits?
The question, “Does my state tax Social Security benefits?” may be simple enough, but the answer includes a lot of nuance. Many states have unique and specific provisions regarding the taxation of...
by taxPRO Websites Staff | Apr 8, 2020 | Tax Tips and News
Tax Policy – Watch: Tax Foundation Experts Discuss Short-term Coronavirus Relief Packages
The coronavirus crisis demands urgent solutions but also careful consideration. How can governments best deliver immediate relief while ensuring that tax policies...
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