Tax Blog
Tips to help you prepare for tax season
Treasury Announces Tax Credits for Virus-Hit Businesses
The Treasury Department, along with the IRS and the U.S. Department of Labor, have unveiled a package of tax credits for small and midsize employers can use to “immediately and fully” reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to employees.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Practitioners seek further clarity on tax filing, payment delay
IRS Tax News - Practitioners seek further clarity on tax filing, payment delay Practitioners welcomed the IRS’s deferral of income tax returns and payments due April 15 for another 90 days but have many questions about related issues. Source: IRS Tax News...
New York’s Road to Legalized Marijuana
Tax Policy - New York’s Road to Legalized Marijuana New York Governor Andrew Cuomo (D) has become an avid supporter of legalized recreational marijuana and has vowed to legalize it this year. This is the second year in a row Gov. Cuomo has included legalization...
Overview of Previous Tax Rebates During Economic Downturns
Tax Policy - Overview of Previous Tax Rebates During Economic Downturns Lawmakers are currently debating the size and structure of “recovery rebates” for individual taxpayers as part of a package addressing the current health and economic crisis. The exact...
IRS provides guidance for April 15 filing delay
IRS Tax News - IRS provides guidance for April 15 filing delay The IRS announced the postponement of the April 15 federal income tax filing deadline until July 15. Friday’s notice expands on earlier guidance that had only postponed tax payments but not the...
Did COVID-19 Change My State Individual Income Tax Deadline?
Taxing Subjects has begun a list of state individual income tax return deadlines affected by the COVID-19 outbreak. We will update this list as we receive new information.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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