Seattle Officials Return with New Proposal for Taxing Employment
Tax Policy – Seattle Officials Return with New Proposal for Taxing Employment Seattle’s city council—or at least a few of its members—are again gearing up for an effort to increase taxes on the city’s largest employers. The targets of the proposed taxes...D.C. Council to Consider Tax Hike Despite Balanced Budget
Tax Policy – D.C. Council to Consider Tax Hike Despite Balanced Budget Many in the District of Columbia breathed a sigh of relief when Mayor Muriel Bowser (D) unveiled a balanced budget that managed to avoid painful spending cuts or raise taxes in the...AICPA Seeks Permanent Guidance on e-Signatures
While the pandemic has led the IRS to temporarily allow its employees to accept e-signatures on documents related to examination and collection of tax liabilities, AICPA believes the IRS should expand e-signature relief and make it permanent.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Inefficiencies Created by the Tax System’s Dependence on Economic Depreciation
Tax Policy – Inefficiencies Created by the Tax System’s Dependence on Economic Depreciation One idea that would help the nation’s economic recovery during the coronavirus crisis would be moving to full expensing of capital investment. The depreciation...IRS Has Answers for Taxpayers Getting EIP Cards
If any of your clients are one of the 4 million filers set to receive their Economic Impact Payment as a Visa prepaid debit card, they may be interested in one of the latest Internal Revenue Service press releases.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Upstate Tax Professionals