by taxPRO Websites Staff | Jun 25, 2020 | Tax Tips and News
Tax Policy – GAO Report Reveals Need to Simplify Next Round of Rebates
The Government Accountability Office (GAO) recently released a report revealing that almost a half-million taxpayers missed their total rebate payment due to complications over...
by taxPRO Websites Staff | Jun 25, 2020 | Tax Tips and News
Tax Policy – Improving the Tax Treatment of Residential Buildings Will Stretch Affordable Housing Assistance Dollars Further
A recent Brookings Institution study points out that “even before the COVID-19 crisis, housing affordability and instability were...
by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
Tax Policy – European Countries Might Consider Scrapping the Bank Tax for Greater Financial Support
After the 2007-2008 financial crisis, countries were pressed to tax the financial sector to partly recover the fiscal assistance governments offered to...
by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
Tax Policy – Three Reasons Expanding Credits Aren’t the Best Pandemic Response for the Vulnerable
Tax policy wonks often advocate for increases in refundable tax credits (e.g., Child Tax Credit, CTC and Earned Income Tax Credit, EITC) and nonrefundable tax...
by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
Tax Policy – Wine Taxes in Europe
This is the beginning of a map series in which we’ll explore different types of excise taxes, starting with excise duties on wine. If you have ever wondered about the tax consequences of opening a bottle of wine—yes, there...
by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
IRS Tax News – RIC shareholders can take Sec. 199A deduction for REIT dividends
The IRS issued final regulations allowing regulated investment companies (RICs) to report qualified real estate investment trust (REIT) dividends as Sec. 199A dividends to...
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