Tax Blog
Tips to help you prepare for tax season
IRS Urges Low-Income Non-Filers to Use EIP Reporting Tool
The Internal Revenue Service reminded low-income Americans who don’t normally file a tax return that they are probably eligible to receive an Economic Impact Payment.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
White House Considers Neutral Cost Recovery for Structures
Tax Policy - White House Considers Neutral Cost Recovery for Structures The White House and congressional lawmakers are weighing policies to include in the next round of coronavirus response legislation. Some policies are geared toward helping people and...
Does Your State Tax Business Inventory?
Tax Policy - Does Your State Tax Business Inventory? As we continue to look at tax types that can harm states’ post-coronavirus recovery, it’s worth highlighting taxes on business inventory. Inventory taxes fall under the umbrella of the property tax, which is...
AICPA supports bill that would make PPP-funded expenses deductible
IRS Tax News - AICPA supports bill that would make PPP-funded expenses deductible A bill introduced in the Senate would clarify that ordinary expenses funded by Paycheck Protection Program (PPP) loans are deductible by taxpayers. If enacted, this would overrule...
IRS Issues “Plus $500” Last Call for SSI, VA Beneficiaries with Dependents
The Internal Revenue Service today issued a “plus $500” last call for Supplemental Security Income and Veterans Affairs beneficiaries who can claim dependents as part of their Economic Impact Payment.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Chaos to the Left of Me. Chaos to the Right of me.
Tax Policy - Chaos to the Left of Me. Chaos to the Right of me. Yesterday, Pascal Saint-Amans, the Director of the Centre for Tax Policy and Administration at the OECD, announced that the negotiation timeline for new digital taxation proposals has been impacted...
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