Tax Blog
Tips to help you prepare for tax season
These States Could Tax Your Recovery Rebates
Tax Policy - These States Could Tax Your Recovery Rebates Americans are receiving rebate checks as part of the federal government’s economic response to the COVID-19 crisis—but in a few states, at least some of those checks could be taxed. Under the Coronavirus...
Partnerships can file amended returns to get CARES Act benefits
IRS Tax News - Partnerships can file amended returns to get CARES Act benefits To allow those partnerships to take advantage of the beneficial tax provisions in the Coronavirus Aid, Relief, and Economic Security Act, the IRS is allowing partnerships to file...
Does Your State Tax Social Security Benefits?
Tax Policy - Does Your State Tax Social Security Benefits? The question, “Does my state tax Social Security benefits?” may be simple enough, but the answer includes a lot of nuance. Many states have unique and specific provisions regarding the taxation of Social...
Watch: Tax Foundation Experts Discuss Short-term Coronavirus Relief Packages
Tax Policy - Watch: Tax Foundation Experts Discuss Short-term Coronavirus Relief Packages The coronavirus crisis demands urgent solutions but also careful consideration. How can governments best deliver immediate relief while ensuring that tax policies remain...
AICPA posts 20 FAQs on tax filing relief
IRS Tax News - AICPA posts 20 FAQs on tax filing relief The AICPA posted FAQs explaining the latest developments in taxpayer relief during the COVID-19 pandemic. The AICPA has recommended that the IRS and Treasury Department expand the scope of recently...
Capital Cost Recovery across the OECD
Tax Policy - Capital Cost Recovery across the OECD Key Findings A capital allowance is the amount of capital investment costs a business can deduct from its revenue through the tax code via depreciation. Higher capital allowances can boost investment which, in...
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