College acceptance letters are already in the mail. Now high school seniors must decide their fate for September. Up until now, National College Decision Day, the deadline for high school seniors to choose which college they will attend, has always been May 1. This year, however, the global coronavirus pandemic and extreme economic uncertainty have pushed many
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The American Institute of CPAs wants the Internal Revenue Service and the Treasury Department to give taxpayers more tax filing and payment relief during the coronavirus pandemic, in addition to the three-month extension until July 15 that has already been announced. The AICPA submitted several priority questions and recommendations for consideration in a letter Thursday
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On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This post is part of that series. Past
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We live in an age of enormous technological advancement, yet most finance organizations continue to operate with significant manual intensity. Take a leading payments company as a case study. While this company’s customers’ payments quickly flow in the digital domain, every month a large, globally-distributed team of finance professionals use an array of spreadsheets, process
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Health reimbursement arrangements are arrangements in which an employer reimburses employees for medical costs incurred by the employee or individual health insurance premiums for health insurance procured by the employee. When the Patient Protection and Affordable Care Act, or ACA, was enacted in 2010, HRAs were viewed as violating the ACA by putting impermissible limits
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Countries around the world are implementing emergency tax measures to support their economies under the coronavirus (COVID-19) threat. On March 12, the Spanish Prime Minister announced a €200 billion ($231 billon) package, around 20 percent of the Spanish GDP, to help companies and protect workers and vulnerable groups affected by the coronavirus crisis. That’s €117
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On March 19 we launched a tracker providing a repository of information related to state fiscal policy responses to COVID-19. We are updating the tracker frequently and will be using the Tax Foundation blog to summarize new developments and provide analysis of relevant trends as they emerge. This post is part of that series. Past Updates:
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Yellow Dog Productions  What does the legislation do? The bill — the Coronavirus Aid, Relief and Economic Security Act — expands unemployment insurance, a program enacted in 1935 to provide temporary income support for workers who lose their jobs. The legislation does three primary things: offers bigger unemployment checks, increases the duration of those payments and extends
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Lukka, which makes a tax preparation platform for cryptocurrency, has debuted Lukka Library, an interactive collection of academic papers dealing with controversial legal and tax questions that lack official guidance or regulatory frameworks. The papers are mostly short form, and each addresses a specific issue and is meant to provide viewers with cutting-edge perspectives on
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