“hybrid dividends” (i.e., dividends for which the foreign corporation receives a deduction or other income-tax benefit) are ineligible, and the IRS has promulgated temporary regulations that would exempt only 50% of dividends to the extent attributable to earnings generated during ...
https://www.eitc.irs.gov/eitc-central/participation-rate/eitc-participation-rate-by-states Jones, L. E., & Michelmore, K. (2019). Timing is money: Does lump-sum payment of the earned income tax credit affect savings and debt? Economic Inquiry, 57(3), 1659–1674. https://doi.org/...
In 2022, the EU eased most COVID-19-related restrictions by 2023 they had been lifted altogether. The end of the pandemic can arguably be marked as May 2023 when the World Health Organization declared that COVID-19 no longer represented a public health emergency of international concern (World...
Treasury and the IRS on December 23 released technical corrections to the proposed regulations on the corporate alternative minimum tax (CAMT). Final regulations clarify rules for Section 48 tax credit Final regulations under the Section 48 investment tax credit modify and clarify proposed re...
United Way to Resume Free Tax Preparation for Qualified Filers The United Way of Erie County is resuming its Erie FREE Taxes program on June 1, which will allow tax filers with 2019 incomes of $56,000 or less to have their federal, state, and local returns prepared for free by IRS-certi...