Browsing Tag

Taxes

IRS Treatment of PPP Loan Proceeds Imposes Unexpected Costs

Office of Advocacy May 7, 2020

By Charles Jeane, Assistant Chief Counsel On April 30, the IRS released Notice 2020-32, which provides guidance on the deductibility of otherwise deductible expenses incurred in a trade or business if a taxpayer received a loan through…

Regulation

IRS Announces Small Business Forum to Discuss the Taxpayer First Act

Office of Advocacy Jan 2, 2020

On Jan. 14, 2020, from 10 to 11:30 am, the Internal Revenue Service, in partnership with the National Federation of Independent Business and the U.S. Chamber of Commerce, will host a small business forum to share information about the…

Financing Patterns and Credit Market Experiences: A Comparison by Race and Ethnicity for U.S.…

Office of Advocacy Feb 1, 2018

Alicia Robb, Ph.D., February 2018 Full ReportDownload Research SummaryDownload This study examines racial and ethnic differences in financing patterns, access to capital, and credit market experiences among U.S. employer firms.…

Measuring the Benefit of Federal Tax Expenditures Used by Small Business

Office of Advocacy Nov 1, 2013

Tax expenditures are provisions in the tax law designed to benefit specific groups of taxpayers. They are similar to spending programs but generally do not involve direct federal outlays. Rather, they work through the income tax system,…

An Analysis of Internet Sales Taxation and the Small Seller Exemption

Office of Advocacy Nov 1, 2013

As the popularity of online shopping has grown, states have seen their sales tax revenues drop. The Supreme Court has ruled that states cannot require a company to collect sales tax on transactions with their residents when the company has…