Tax Blog
Tips to help you prepare for tax season
Treasury Wants Payments to Deceased Taxpayers Returned
The U.S. Treasury Department has found a loophole in the stimulus payments sent out to individuals. Some of the recipients were actually deceased—and Treasury wants that money back.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
How the HEROES Act Would Allocate State and Local Aid
Tax Policy - How the HEROES Act Would Allocate State and Local Aid The HEROES Act, introduced Tuesday by House Democrats, provides more than $1 trillion to state and local governments, including $915 billion in flexible aid—which can be spent for any purpose,...
IRS allows midyear changes to health coverage, dependent care elections
IRS Tax News - IRS allows midyear changes to health coverage, dependent care elections In response to the coronavirus pandemic, the IRS is allowing employers to permit their employees to change their health coverage elections or dependent care elections during...
A Comparison of the Tax Burden on Labor in the OECD
Tax Policy - A Comparison of the Tax Burden on Labor in the OECD Key Findings Average wage earners in the OECD have their take-home pay lowered by three major taxes: individual income, payroll (both employee and employer side), and value-added (VAT) and sales...
California the Latest to Propose Higher Vapor Taxes
Tax Policy - California the Latest to Propose Higher Vapor Taxes When Governor Gavin Newsom (D) submits his revised budget proposal on Thursday, it will include a vapor tax increase. California currently taxes vapor products at 59.27 percent of wholesale value,...
Designing a State and Local Government Relief Package
Tax Policy - Designing a State and Local Government Relief Package Key Findings The COVID-19 pandemic and the attendant economic contraction will wreak havoc on state and local tax revenues, with projections of a 15-20 percent decline in state revenues....
About Us
Upstate Tax ProfessionalsFile Online Today
