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IRS Adding More Operators for EIP Calls

by taxPRO Websites Staff | May 21, 2020 | Tax Tips and News

The Internal Revenue Service says it is in the process of hiring 3,500 additional telephone representatives so that taxpayers can get answers to their questions about Economic Impact Payments.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

HSA contribution limits increase for 2021

by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News

IRS Tax News – HSA contribution limits increase for 2021 The IRS issued its annual inflation-adjusted contribution limits for contributions to health savings accounts permitted to participants in high-deductible health plans. Most of the amounts increased...

Tax Changes in California Governor’s Budget Could Stand in the Way of Economic Recovery

by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News

Tax Policy – Tax Changes in California Governor’s Budget Could Stand in the Way of Economic Recovery In California, where state officials are projecting a stunning $54 billion deficit, Gov. Gavin Newsom (D)’s budget proposes a range of new revenue options,...

To What Extent Does Your State Rely on Sales Taxes?

by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News

Tax Policy – To What Extent Does Your State Rely on Sales Taxes? This week’s map continues our look at state revenue sources, this time focusing on revenue collected through the general sales tax. Sales taxes are the second largest source of state and...

IRS Sends EIP Information Packets to Partner Organizations

by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News

The IRS wants help spreading the word about Economic Impact Payments.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Now Available: Paycheck Protection Program Loan-Forgiveness Application

by taxPRO Websites Staff | May 20, 2020 | Tax Tips and News

The Small Business Administration says the PPP loan-forgiveness application is now available on SBA.gov.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

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