![congress.5e7e132560d03[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/07/congress.5e7e132560d03_1_.5f21e3081912a.png)
July 29, 2020
As we head into August, when Congress is scheduled for a recess, lawmakers are poised to present another COVID-19 relief package to the president for his signature. But the Democratic-controlled House and the Senate Republicans still have to hash out ...
July 23, 2020
Instead of a payroll tax cut, the GOP will now back $1,200 checks for individuals who make up to $75,000 a year, exactly as in the March stimulus bill. Mnuchin said that would get money into the economy faster than cutting the payroll tax, which would ...
July 14, 2020
Due to the coronavirus pandemic, taxpayers have until the postponed due date of July 15, 2020, to file their taxes this year. But if they can't make this deadline, they can receive an extension that gives taxpayers until Oct. 15 to file, but taxes owed ..
July 14, 2020
A general guideline based on IRS information and data from previous years, to help taxpayers estimate when they might receive their refund. We've updated our calendar this year to show estimated refund dates for those who filed later than ...
![NewGroupPhoto[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/07/NewGroupPhoto_1_.5efb8ca75da28.png)
July 9, 2020
The U.S. Supreme Court has ruled that President Donald Trump is not automatically immune from investigations into his income tax returns but stopped short of requiring the release of his tax returns.
July 6, 2020
McConnell said he’s “pretty sure” that a bill will come together in the next couple of weeks. He said it will be crafted in his office with consultation from the administration and then negotiated with Democrats, who endorsed a ...
July 6, 2020
McConnell said he’s “pretty sure” that a bill will come together in the next couple of weeks. He said it will be crafted in his office with consultation from the administration and then negotiated with Democrats, who endorsed a $3.5 trillion package ...
July 6, 2020
President Trump has signed into law an extension of the Paycheck Protection Program.
![Tax_Deadline_Delayed_2020.5e6bda99980dd[1]](https://www.cpapracticeadvisor.com/wp-content/uploads/2020/06/Tax_Deadline_Delayed_2020.5e6bda99980dd_1_.5efb30604dead.png)
June 30, 2020
The IRS has announced the tax filing and payment deadline of July 15 will not be postponed. Individual taxpayers unable to meet the July 15 due date can request an automatic extension of time to file until Oct. 15.
June 25, 2020
The survey also found that more than a third of taxpayers (37%) do not have the resources to pay 2019 taxes owed despite the deadline being extended to July 15th.
June 25, 2020
A majority of taxpayers (61%) are deeply concerned that the financial impacts of COVID-19 may force them into tax debt, adding to the $131 billion already owed to the IRS by 14 million Americans.
June 24, 2020
The Trump administration says it will disclose details about companies that received loans of more than $150,000 from a coronavirus relief program for small business, following a backlash for its earlier refusal to release data ...