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AICPA Releases Cloud-based PPP Forgiveness Tool

The American Institute of CPAs on Tuesday released a cloud-based, automated platform designed to help firms and small business owners track the documents and calculations needed for their Paycheck Protection Program loans to be forgiven.

HILL TAX BRIEFING: Funding Deal Uncertain Despite Planned Vote

Read more: Land-deal donations generated $9.2 billion in charitable contribution deductions in tax year 2018 despite IRS activity to curb them. The U.S. virus response is still riddled with problems, a government watchdog found. Some states are reporting better-than-expected tax revenue results.

A Virginia City’s Urban Renewal Playbook: Move Out the Poor

The contours of inequality in Norfolk, Va., a city of 240,000-plus people at the mouth of Chesapeake Bay, are clearly visible from atop the 26-story Dominion Tower. The tallest building in town houses its economic development office, a choice spot for officials to show off their city and to encourage visitors to envision its future.

NYC’s Wealthy Should Get Ready for Higher Taxes, Stringer Says

New York’s wealthy residents should “step up and help” by paying higher taxes as the city faces a $4.2 billion deficit, Comptroller Scott Stringer told “Bloomberg Surveillance.”

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