Tax Blog
Tips to help you prepare for tax season
The Child Tax Credit: Primer
Tax Policy - The Child Tax Credit: Primer Key Findings The Child Tax Credit (CTC) is a partially-refundable tax credit available to parents with qualifying dependents under the age of 17. Like other tax credits, the CTC reduces tax liability dollar-for-dollar of...
IRS Expands More Tax Deadlines
The Internal Revenue Service says it is extending additional tax deadlines for individuals and businesses.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Will States Tax the Federal Government’s COVID-19 Lifeline to Small Businesses?
Tax Policy - Will States Tax the Federal Government’s COVID-19 Lifeline to Small Businesses? The federal government is offering small businesses a lifeline in the form of loans that can be forgiven if they use the money for specified purposes (like payroll, rent...
Is Now the Time for a $100 billion Tax Increase?
Tax Policy - Is Now the Time for a 0 billion Tax Increase? The massive debts governments across the globe are incurring to give life-support to their economies are going to leave policymakers with a tough choice: Raise taxes indiscriminately to pay off these...
Business interest expense election guidance for farming, real estate
IRS Tax News - Business interest expense election guidance for farming, real estate Real property or farming trades or businesses can withdraw their decision to elect out of Sec. 163(j)’s business interest expense limitation for a 2018, 2019, or 2020 tax year,...
IRS Announces Online EIP Registration Tool for Non-Filers
The IRS unveiled a new online tool to help non-filers register to receive an Economic Impact Payment (EIP): the “Non-Filers: Enter Payment Info Here” feature on IRS.gov.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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