Alabama Passes Tax Reform Aimed at Throwback, GILTI, and More

Lawmakers in Alabama introduced several tax-related provisions last session, but the pandemic cut short their efforts. This year, policymakers returned with HB 170, which passed both chambers unanimously, and which Governor Kay Ivey (R) signed into law as Public Act 2021-1 on February 11. The bill combines pandemic-era tax policy responses with broader tax policy…

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TurboTax adds Credit Karma integration

Taxpayers who file through TurboTax can now opt to open a Credit Karma Money Spend account and have their tax refund sent there directly. Original Article Posted at : https://www.accountingtoday.com/news/turbotax-adds-credit-karma-integration

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Lawmakers ask IRS to extend tax season until July 15 due to COVID

Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-ask-irs-to-extend-tax-season-until-july-15-due-to-covid

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Lawmakers ask IRS to extend tax season until July 15

Democrats on the House Ways and Means Committee are urging the Internal Revenue Service to extend tax season beyond April 15 to give taxpayers another three months until July 15. Original Article Posted at : https://www.accountingtoday.com/news/lawmakers-ask-irs-to-extend-tax-season-until-july-15-due-to-covid

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