Thanks to recent legislation, U.S. corporations can deduct up to 100% of their contributions to relief effort for a qualified disaster. They are also getting a break on how they have to document it.… Read more about New Law Hikes Deduction Limit for Corporate Cash Contributions for Disaster Relief (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
No matter what strategy taxpayers use to get their income taxes filed, gathering critical documents now can help make this tax season headache-free.… Read more about A Little Preparation Now Means Smooth Tax Filing Later (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
The Department of Labor reported a staggering 75.9 million initial unemployment insurance benefits claims from January 5, 2020 to January 2, 2021. The number of weekly claims spiked in March, underscoring the devastating financial impact of the COVID-19 pandemic and creating millions of first-time unemployment recipients who might not realize that those benefits are taxable.… Read more about Unemployment Recipients May Not Know Their Benefits Are Taxable (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
Small and midsize companies have been particularly hard hit over the past year by COVID-19. And while those employers been stretched to their limits by paying out large sums for sick leave and family leave due to the pandemic, some help is available.… Read more about Employers Can Get Tax Credits for Providing Required COVID-19 Paid Leave (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
For some time now, Internal Revenue Service Commissioner Chuck Retting has been declaring 2021 as the year his agency transforms the user experience of the American taxpayer.… Read more about IRS Creates New Position: Chief Taxpayer Experience Officer (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…