Marketplace Facilitator Laws and Economic Nexus
What You Need to Know Key Takeaways More and more businesses continue to sell their goods to buyers all over the country on so-called marketplace…
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IRS Issues Guidance On Unemployment Benefits Exclusion
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…
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Latest Impacts to 2021 Tax Season Filing Dates [Updated April 13]
Every year comes with its own unique set of circumstances and challenges that can affect the tax filing season. With the continued influence of COVID-19,…
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Florida Moving Closer to Adopting Wayfair’s Economic Nexus Standard
Remote Sellers and Marketplaces Must Prepare Now In June of 2018, the Supreme Court in South Dakota V. Wayfair greatly expanded the ability of state…
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How will the COVID-19 Relief Package Impact 2020 Tax Returns?
2020 was a busy year for tax legislation, mainly driven by the ongoing COVID-19 crisis. Some provisions are going into effect immediately, and Tax Professionals will be tasked with answering tough questions from their taxpayer clients looking to understand the implications and benefits of the tax policies impacting their 2020 tax returns. View our video with Tax Policy experts from the Brownstein Hyatt Farer Schreck Law Firm on major areas of concern for the 2021 Tax Season.
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Wolters Kluwer Tax & Accounting Looks at Year-end Stimulus Legislation
Updates on year-end stimulus and 2021 appropriations legislation After months of negotiations that seemed to continually break down, on December 20, 2020 leaders in the…
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Wolters Kluwer Tax & Accounting Examines New Issues for Year-end and Post-election Tax Planning
Issues warrant taxpayer consideration for 2020 The year 2020 was dominated by continuing implementation of the Tax Cuts and Jobs Act and a variety of…
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Cannabis Wins Big at the Ballot Box Creating Opportunity and Sales Tax Risk
A Huge Move Forward for the Legalization of Cannabis Five states with cannabis measures on the ballot in the November 2020 election voted for either…
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Millions of Small Businesses Anxiously Await PPP Loan Forgiveness and Tax Guidance
As end of 2020 approaches, PPP loan questions linger As the end of 2020 approaches, millions of small businesses that have taken Payroll Protection Plan…
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Home Improvement Tax Provisions: Key Considerations to Weigh Prior to Construction
Pandemic drives popularity in home improvement projects Many people working from home during the COVID-19 pandemic have considered this time as an opportunity to look…
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