by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
Tax Policy – How High are Wine Taxes in Your State?
Whether you’re a self-appointed connoisseur or an occasional sipper of chardonnay, you may not have thought about the taxes that go into your wine purchase. But now you can quench your newly found thirst...
by taxPRO Websites Staff | Jun 24, 2020 | Tax Tips and News
The COVID-19 pandemic has forced millions of Americans to take extraordinary steps just to stay afloat financially. For those taxpayers who might want to take distributions against their retirement plans or even borrow against their plans, the IRS has announced new relief.… Read more about IRS Unveils New Relief for COVID-19 Retirement Borrowers (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | Jun 23, 2020 | Tax Tips and News
IRS Tax News – Rollover relief for required minimum distributions
The IRS provides relief for taxpayers who had already taken required minimum distributions (RMDs) in 2020 before the CARES Act suspended the RMD requirement for 2020 in response to the...
by taxPRO Websites Staff | Jun 23, 2020 | Tax Tips and News
Tax Policy – Economic Analysis of Financing Options for Infrastructure Spending Proposals
As the economic recovery is debated amid the coronavirus pandemic, there have been growing calls to include additional public investment in infrastructure such as...
by taxPRO Websites Staff | Jun 23, 2020 | Tax Tips and News
Tax Policy – Why Neutral Cost Recovery Is Good for Workers
The COVID-19 pandemic has damaged the American economy, as unemployment has skyrocketed. Despite job growth in May, the unemployment rate still sits at more than 13 percent, its highest point since...
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,...
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