by taxPRO Websites Staff | May 8, 2020 | Tax Tips and News
Tax Policy – Reducing the Bias Against Long-term Investments
Recently, Tax Foundation has been comparing various ways to improve the tax treatment of new capital investments. One of these options is a Neutral Cost Recovery System (NCRS), which reduces the...
by taxPRO Websites Staff | May 8, 2020 | Tax Tips and News
Tax Policy – Alabama, Missouri Bills Would Exempt CARES Relief from Income Tax Calculation
The Alabama Senate is considering legislative language (a substitute to the previously introduced SB 250 tax reform bill) which would exclude the rebate checks...
by taxPRO Websites Staff | May 7, 2020 | Tax Tips and News
The Tax Foundation found that states relying on oil-related taxes could have state revenue shortfalls.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
by taxPRO Websites Staff | May 7, 2020 | Tax Tips and News
Tax Policy – Gov. Hogan Vetoes Maryland Digital Advertising Tax Legislation
This afternoon, Gov. Larry Hogan (R) vetoed a proposed first-in-the-nation digital advertising tax that would have imposed rates of up to 10 percent on digital advertising served...
by taxPRO Websites Staff | May 7, 2020 | Tax Tips and News
IRS Tax News – AICPA proposes broad range of tax relief to aid economic recovery
The AICPA has made a broad range of legislative recommendations to encourage economic recovery in the wake of the COVID-19 pandemic.
Source: IRS Tax News – AICPA...
by taxPRO Websites Staff | May 7, 2020 | Tax Tips and News
Tax Policy – Watch: Coronavirus: A Path to Economic Recovery
So far, the federal government has focused on short-term policies to stem the spread of COVID-19 and provide immediate relief, but soon they will need to address what may prove to be an even more...
Upstate Tax Professionals