Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue package worth more than $2 trillion in spending and tax breaks.
The Internal Revenue Service is giving foreign banks and financial institutions more time to file information about U.S. taxpayers with overseas bank accounts because of the coronavirus pandemic.
The Internal Revenue Service is taking a “sweeping series of steps” to help taxpayers during the coronavirus outbreak.
Whether you are a 20-year accounting veteran or just entering the field, it behooves you to keep a list (and check it twice) of the most common tax preparation blunders.
This is the new reality: We are all remote now. It’s hard to see an end date, but it’s even harder to imagine what will happen when all 50 states get the all-clear from our leaders. Will everything go back to normal, just like that?
Treasury Secretary Steven Mnuchin says he wants direct payments to households to go out within three weeks of Congress passing a stimulus law, yet former IRS officials say those payments could take months to reach households.
The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic.
In the face of the coronavirus, no accounting firm gets a pass from keeping in contact with clients and employees.
Tips for working remotely; when days become years; bad preparers; and other highlights from our favorite tax bloggers.
One thing they all agree on: It hasn’t cut their workload.