Tax Blog
Tips to help you prepare for tax season
PTIN fee will be lower when it is reinstated
IRS Tax News - PTIN fee will be lower when it is reinstated The IRS has proposed to lower the fee it charges for preparer tax identification numbers (PTINs) when PTIN fees are reinstated. Source: IRS Tax News - PTIN fee will be lower when it is reinstated
IRS launches website for tracking stimulus payments
IRS Tax News - IRS launches website for tracking stimulus payments The IRS announced the launch of its “Get My Payment” website, which is designed to permit people who filed tax returns to enter their direct deposit information and check the status of their...
Can States Close Budget Deficits with Excise Tax Hikes?
Tax Policy - Can States Close Budget Deficits with Excise Tax Hikes? Key Findings: The coronavirus pandemic affects almost every source of state revenue, and with the duration unknown, predicting economic outcomes will be difficult. Social distancing,...
How Well-Funded Are Pension Plans in Your State?
Tax Policy - How Well-Funded Are Pension Plans in Your State? The most recent data from The Pew Charitable Trusts, released in July of 2019, shows the strain on state retirement systems nationwide as state pension funds strive to keep pace with benefits owed to...
A Review of Net Operating Loss Tax Provisions in the CARES Act and Next Steps for Phase 4 Relief
Tax Policy - A Review of Net Operating Loss Tax Provisions in the CARES Act and Next Steps for Phase 4 Relief In addition to providing economic relief to individuals and loans to businesses struggling during the coronavirus crisis, the Coronavirus Aid, Relief,...
New OECD Study: Consumption Tax Revenues during Economic Downturns
Tax Policy - New OECD Study: Consumption Tax Revenues during Economic Downturns The current economic shutdown—potentially followed by an economic downturn—affects government budgets not only through increased spending but also through a decline in tax revenues....
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