Accounting

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May 11, 2020 

The Science and Art of Predicting Economic Growth or Recession

The tools economists use to measure economic activity to predict economic growth or recession across the U.S. are evolving – especially with the rise of online sales. And now, as the pandemic is shifting consumer habits and straining industries ...

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May 11, 2020 

Did Corporate Tax Cuts Reduce Shifts Abroad?

When the Tax Cut and Jobs Act (TCJA) was signed into law by President Trump in December 2017, its steep reduction of the U.S. corporate tax rate from 35% to 21% addressed what was widely considered the principal factor in companies' shifting ...

Treasury Checks

May 11, 2020 

IRS Sees Dead People With Stimulus Checks

The IRS has discovered that it has mailed checks to deceased people by mistake. It’s unclear how many such checks have been delivered, but it’s thought to be significant, because about 2 million people in the U.S. die each year.

Coronavirus Payments by State 1

May 10, 2020 

IRS Releases State-by-State List of Coronavirus Stimulus Payments

The Treasury Department and the IRS have released updated state-by-state figures for Economic Impact Payments, with approximately 130 million individuals receiving payments worth more than $200 billion in the program’s first four weeks. (Up through May 8)