The initial direct deposits of the second round of economic impact payments are already going out to taxpayers.
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Best of the Week
January 2, 2021
Upcoming Events January 2, 2021
IRS and Treasury start depositing stimulus payments
By Michael Cohn      4 min read
The initial direct deposits of the second round of economic impact payments are already going out to taxpayers.
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Never too late: Top year-end tax tips
This collection brings together the best advice from a host of experts for tax pros to share with their clients before the end of the year.
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Trump signs virus aid bill after panning $600 stimulus checks
By Jordan Fabian and Erik Wasson     2 min read
President Donald Trump signed a bill containing $900 billion in pandemic relief, the White House said, triggering the flow of aid to individuals and businesses and averting the risk of a partial government shutdown on Tuesday.
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The biggest stories in accounting for 2020
By Daniel Hood
The pandemic reshaped the profession throughout the year — and will continue to do so in 2021.
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Tax Strategy: Notice 2020-75 and the SALT deduction cap
By Mark A. Luscombe     4 min read
This notice and the expected regulations to follow could add to the movement to repeal or modify the cap.
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Tax Fraud Blotter: Better never than late
By Jeff Stimpson     5 min read
Devil’s in the details; the court date; smackdown; and other highlights of recent tax cases.
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Access Denied: The financial media
By Maddy Perkins, Tobias Salinger
Just like the industries that they cover, the lack of Black representation among news outlets acts as a barrier against understanding and eliminating systemic racism.
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McConnell rules out passing House bill on $2K relief payments
By Erik Wasson     2 min read
Senate Majority Leader Mitch McConnell on Wednesday closed off chances that the Senate would pass anytime soon a House bill that would give most Americans $2,000 stimulus payments.
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Accountants rush to wrap up end-of-year issues
By Michael Cohn     3 min read
With only a few days to go before the end of a difficult year, some accountants and tax professionals are still hoping to finish up some perplexing issues for their clients before New Year’s Day.
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The future of tax CPE
By Roger Russell     5 min read
The pandemic has shifted even more continuing education online.
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