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.
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.
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:
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 ...