Tax Blog
Tips to help you prepare for tax season
Latest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving
Tax Policy - Latest Data Shows That the Tax Cuts and Jobs Act Did Not Dampen Charitable Giving Americans are very generous people, and they give despite the reduced tax benefits of giving. That’s the takeaway from Giving USA’s latest annual report on the...
Guidance on how to take CARES Act distributions from qualified plans
IRS Tax News - Guidance on how to take CARES Act distributions from qualified plans The IRS released guidance on how taxpayers can take coronavirus-related distributions from qualified retirement plans as authorized by the CARES Act. Source: IRS Tax News -...
IRS Says Modernized e-File Unavailable During Extended Maintenance
Tax professionals planning to use the IRS Modernized e-File (MeF) system this weekend to file a stack of returns for their clients may have to send them to the Internal Revenue Service at a different time. The… Read more about IRS Says Modernized e-File Unavailable During Extended Maintenance (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Full Expensing is Good for the Short Run and the Long Run
Tax Policy - Full Expensing is Good for the Short Run and the Long Run Full expensing for capital investment is being considered in the upcoming fourth round of coronavirus relief legislation. Though we tend to talk about full expensing as a long-run policy with...
Michigan Vapor Tax Bill Gets It Half-Right
Tax Policy - Michigan Vapor Tax Bill Gets It Half-Right In line with the nationwide trend of taxing vapor products, the Michigan Senate has passed a new 18 percent tax on vapor products. These taxes are often intended to achieve a two-fold goal: deterring youth...
CARES Act Conformity Would Promote Economic Recovery in Nebraska
Tax Policy - CARES Act Conformity Would Promote Economic Recovery in Nebraska Some Nebraska senators have recently proposed decoupling from the Coronavirus Aid, Relief, and Economic Security (CARES) Act’s tax relief provisions in order to use that revenue for...
About Us
Upstate Tax ProfessionalsFile Online Today
