In the six states that allow taxpayers to deduct federal income tax payments, taxpayers who received stimulus payments could see an increase in their state…
As more states legalize marijuana for medical or recreational use, the IRS is providing new resources to help cannabis businesses comply with federal tax laws.…
With only $66 billion remaining in the Payroll Protection Program (PPP) loan pool, the Small Business Association (SBA) and advocacy groups have warned that funds…
Wolters Kluwer integrations automate reporting of virtual currency holdings Wolters Kluwer Tax & Accounting today announced that it has partnered with CoinTracker and Verady –…
President Joe Biden signed the Paycheck Protection Program (PPP) extension into law on March 30, extending federal aid for small businesses through May 31. The…
Wolters Kluwer looks at how taxpayers should handle unemployment benefits Editor’s Note: Post-publish, the IRS released additional guidance regarding the American Rescue Plan Act of…
State income taxation of virtual currency, or cryptocurrency, transactions is complicated. The recognition of income from virtual currency transactions takes many taxpayers by surprise. Also,…
Wolters Kluwer looks at tax issues surrounding virtual currencies Virtual currencies are becoming ever more popular both as a means of exchange and as an…
An overlooked SECURE Act change is that businesses can adopt new qualified plans and make deductible contributions after the close of the tax year. They…