by taxPRO Websites Staff | May 11, 2020 | Tax Tips and News
Tax Policy – California the Latest to Propose Higher Vapor Taxes
When Governor Gavin Newsom (D) submits his revised budget proposal on Thursday, it will include a vapor tax increase. California currently taxes vapor products at 59.27 percent of wholesale...
by taxPRO Websites Staff | May 11, 2020 | Tax Tips and News
Tax Policy – Designing a State and Local Government Relief Package
Key Findings The COVID-19 pandemic and the attendant economic contraction will wreak havoc on state and local tax revenues, with projections of a 15-20 percent decline in state revenues....
by taxPRO Websites Staff | May 10, 2020 | Tax Tips and News
The Internal Revenue Service is reminding employers who have been impacted by the Coronavirus pandemic that three new credits are available for them.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | May 9, 2020 | Tax Tips and News
The Internal Revenue Service announced that Settlement Days will be hosted via teleconferencing platforms due to coronavirus stay-at-home orders.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | May 8, 2020 | Tax Tips and News
IRS Tax News – Taxpayers must act soon for direct deposit of stimulus payments
The IRS announced that taxpayers for whom the Service does not have direct deposit information should go to its “Get My Payment” website and enter that information by noon on...
by taxPRO Websites Staff | May 8, 2020 | Tax Tips and News
IRS Tax News – Trusts and estates are permitted certain deductions
The IRS issued proposed regulations to clarify that certain deductions are allowed to an estate or nongrantor trust because they are not miscellaneous itemized deductions.
Source: IRS...
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