Income Tax

March 20, 2020 

As the coronavirus disease (COVID-19) outbreak continues to impact people around the world, many professionals have questions and concerns about how to navigate these uncertain times as a tax and accounting practice.

March 20, 2020 

The Internal Revenue Service has announced that it is closing its in-person assistance offices as part of the government's efforts to prevent the spread of coronavirus.

March 20, 2020 

The Treasury Department and IRS have announced that the income tax filing deadline has now been extended to July 15, 2020. Earlier this week, Secretary Mnuchin announced the extension of the payment deadline, but did not change the filing deadline

March 19, 2020 

Small employers particularly should err on the side of caution. We consulted our community of employment law, HR, and small business experts, and they recommend taking action in three areas:

March 18, 2020 

The American Institute of CPAs’ (AICPA) president and CEO, Barry Melancon, CPA, made the following statement in response to the Treasury’s recent statement on tax payment relief:

March 18, 2020 

President Donald Trump directed the Department of Housing and Urban Development to suspend all foreclosures and evictions through April amid the economic fallout of the coronavirus pandemic.

March 17, 2020 

Facing pressure from lawmakers and the tax community, on Tuesday, March 17, Treasury Secretary Mnuchin announced that the agency is giving taxpayers an additional 90 days to pay for those owing up to $1 million in taxes ...

March 17, 2020 

The Trump administration is proposing $850 billion in economic stimulus to contain the effects of the coronavirus, including relief for small businesses and the airline industry, and sizable checks for American workers. Treasury Secretary Steven T. Mnuchin is expected to outline the request to Senate Republicans at a closed-door lunch on Capitol Hill and will...…

March 17, 2020 

Taxpayers and businesses will have until July 15, 2020 to pay their taxes this year without penalty. The change was announced on Tuesday afternoon, by Treasury Secretary Steven Mnuchin ...

March 17, 2020 

Taxpayers and businesses will have until July 15, 2020 to pay their taxes this year, but the filing deadline is still April 15, for now. The change was announced on Tuesday afternoon, by Treasury Secretary Steven Mnuchin ...

March 17, 2020 

Amazon.com Inc. will hire 100,000 workers and is prioritizing the stocking of household staples and medical supplies as it struggles to deal with a surge in demand for online orders from customers avoiding stores during the coronavirus pandemic.

March 16, 2020 

As America and the world continue to combat the coronavirus, and most major sporting, business and social events have been postponed or canceled, the IRS and Treasury are expected to announce on Monday (March 16) the new tax deadline.