Tax Blog
Tips to help you prepare for tax season
Iowa Decouples from 163(j) and GILTI, Clarifies Non-Taxation of PPP Loans
Tax Policy - Iowa Decouples from 163(j) and GILTI, Clarifies Non-Taxation of PPP Loans Iowa’s HF 2614, which passed both chambers of the legislature and now waits for the governor’s signature, makes several changes to the state’s tax code, which, although they...
IRS will not postpone July 15 deadline
IRS Tax News - IRS will not postpone July 15 deadline The IRS announced that it will not further postpone federal tax filing and payment deadlines beyond July 15. Source: IRS Tax News - IRS will not postpone July 15 deadline
Estimated Impact of Improved Cost Recovery Treatment by State
Tax Policy - Estimated Impact of Improved Cost Recovery Treatment by State Removing the tax code’s bias against long-term investment by implementing a neutral cost recovery system (NCRS) for structures and full expensing for other assets is estimated to increase...
ETAAC Calls for Fully Funding IRS
A new report to Congress from one of the Internal Revenue Service’s advisory panels is calling for the government to do something unusual: Fully fund the IRS budget request.… Read more about ETAAC Calls for Fully Funding IRS (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Montana Voters Will Decide on Recreational Marijuana
Tax Policy - Montana Voters Will Decide on Recreational Marijuana Several states may legalize recreational marijuana in the coming years as the coronavirus pandemic has left many state budgets in disarray and policymakers looking for new revenue sources....
More Tax Relief for Tornado Victims
The Internal Revenue Service is giving tornado, thunderstorm and flooding victims in three states extra time to file their various tax returns and make tax payments.Severe storms raked parts of… Read more about More Tax Relief for Tornado Victims (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
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