Tax Tips and News - Upstate Tax Professionals

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Tips to help you prepare for tax season

Biden’s Plan to Boost Research and Development Should Include Cancellation of Upcoming R&D Amortization

Jul 13, 2020 | Tax Tips and News

Tax Policy - Biden’s Plan to Boost Research and Development Should Include Cancellation of Upcoming R&D Amortization Last week, former Vice President and presumptive Democratic presidential nominee Joe Biden released a set of economic proposals aimed at...

IRS Opening IVES to New Requests on July 14

Jul 12, 2020 | Tax Tips and News

The Internal Revenue Service today issued an IVES Program update announcing that the Income Verification Express Services (IVES) will start accepting new submissions on Tuesday, July 14, 2020.… Read more about IRS Opening IVES to New Requests on July 14 (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

AICPA Seeks More Time for Filing as Deadline Looms

Jul 11, 2020 | Tax Tips and News

The American Institute of CPAs is asking the Internal Revenue Service to further extend the deadline for filing and paying income taxes.… Read more about AICPA Seeks More Time for Filing as Deadline Looms (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…

Digital Taxes, Meet Handbag Tariffs

Jul 10, 2020 | Tax Tips and News

Tax Policy - Digital Taxes, Meet Handbag Tariffs Today the U.S. Trade Representative (USTR) announced new tariffs in response to the French digital services tax. The tariffs of 25 percent on $1.3 billion worth of trade would not go into effect until January 6,...

Non-Profit Files Lawsuit over Withholding Requirements in Ohio

Jul 10, 2020 | Tax Tips and News

Tax Policy - Non-Profit Files Lawsuit over Withholding Requirements in Ohio On July 2, a Columbus-based non-profit, the Buckeye Institute, filed a lawsuit against the city of Columbus and state of Ohio claiming that a recently passed bill, HB197, is...

Improved Cost Recovery Is A Wide-Ranging Policy Solution

Jul 10, 2020 | Tax Tips and News

Tax Policy - Improved Cost Recovery Is A Wide-Ranging Policy Solution Investment comes in a variety of forms—be it private or public investments ranging from rural broadband and 5G to health care infrastructure and innovation. But not all investment is equal in...