Accounting
New York’s taxes will stalk you even if you fled during the pandemic
As far as the taxman is concerned, home is where the heart is. Original Article Posted at : https://www.accountingtoday.com/articles/new-yorks-taxes-will-stalk-you-even-if-you-fled-during-the-pandemic
Read MoreBiden attacks $50B real estate tax break in jab at Trump
Joe Biden is threatening to eliminate a tax benefit worth billions of dollars to the real estate industry in an attack on President Donald Trump, a property developer who has boasted about using the tax code to his advantage. Original Article Posted at : https://www.accountingtoday.com/articles/biden-attacks-50b-real-estate-tax-break-in-jab-at-trump
Read MoreLooking for a stimulus check? You have until Oct. 15 to contact the IRS
People who aren’t required to file a U.S. tax return have less than three months to alert the Internal Revenue Service if they haven’t yet received a $1,200 stimulus payment from the government, Commissioner Chuck Rettig said. Original Article Posted at : https://www.accountingtoday.com/articles/looking-for-a-stimulus-check-you-have-until-oct-15-to-contact-the-irs
Read MoreRepublicans back stimulus checks but payroll tax cut in question
Republicans crafting their own plan for a new U.S. virus-relief bill broadly endorsed a fresh round of stimulus checks to individuals, extended supplemental jobless benefits and more money for testing while voicing doubts over President Donald Trump’s desired payroll tax cut. Original Article Posted at : https://www.accountingtoday.com/articles/republicans-back-stimulus-checks-but-payroll-tax-cut-in-question
Read MoreIRS launches office to help make issue-resolution digital
The new Enterprise Digitalization and Case Management Office has mandates to improve processes and modernize aging systems. Original Article Posted at : https://www.accountingtoday.com/news/irs-launches-office-to-make-issue-resolution-digital
Read MoreThe pros and cons of moving to the cloud
The coronavirus pandemic has many accountants considering the cloud, but it’s not a simple decision. Original Article Posted at : https://www.accountingtoday.com/list/the-pros-and-cons-of-moving-your-firm-to-the-cloud
Read MoreThe New EU Budget is Light on Details of Tax Proposals
Yesterday, the European Council agreed on a new multiannual budget and a recovery program. The Multiannual Financial Framework (MFF) which sets EU budget levels for 2021-2027 totals €1 trillion (US $1.2 trillion). The Next Generation EU (NGEU) recovery package is €750 billion ($840) and is 52 percent grants and 48 percent loans. The NGEU funds…
Read MoreIn the blogs: Unending battles
Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers. Original Article Posted at : https://www.accountingtoday.com/opinion/in-the-blogs-unending-battles
Read MoreIRS commissioner Rettig addresses tax pros during unprecedented, neverending tax season
IRS commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress. Original Article Posted at : https://www.accountingtoday.com/news/irs-commissioner-rettig-addresses-tax-pros-during-unprecedented-neverending-tax-season
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