Tax Blog
Tips to help you prepare for tax season
Treasury Audit Highlights the Need for Clearer Eligibility Guidelines for the EITC
Tax Policy - Treasury Audit Highlights the Need for Clearer Eligibility Guidelines for the EITC Despite better record keeping, the federal government continues to incorrectly send out billions of dollars in tax relief, a sign of complexity in the tax code. Last...
AICPA challenging nondeductibility of PPP-related expenses
IRS Tax News - AICPA challenging nondeductibility of PPP-related expenses The IRS issued guidance clarifying that a deduction is disallowed for expenses for payroll costs, mortgage interest, rent, utilities, and other interest on debt obligations to the extent...
May 2020 Enrolled Agent Exam Cancelled due to Coronavirus
The Internal Revenue Service says it had to delay the Special Enrollment Examination (SEE) tests for Enrolled Agents that was slated for May due to the coronavirus pandemic.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
PLR and other requests for IRS guidance can now be sent electronically
IRS Tax News - PLR and other requests for IRS guidance can now be sent electronically The IRS is temporarily allowing taxpayers to submit requests for private letter rulings, closing agreements, determination letters and information letters electronically...
Reliance on Property Taxes in Europe
Tax Policy - Reliance on Property Taxes in Europe A recent report outlines to what extent OECD countries rely on various tax revenue sources. Today’s map looks at property tax revenue in European OECD countries, which, compared to other types of taxes, accounts...
Hunting, Fishing Tax Hits the Mark
The Tax Foundation found that an excise tax on firearms and other hunting and fishing gear is feeding tax proceeds back into projects that ultimately benefit outdoorsmen paying the tax.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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