The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic. | IRS releases guidance on tax deadline postponement → | | By Michael Cohn 2 min read | | The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic. | |
| Seven common mistakes in tax preparation → | | By Tammara Madison | | Whether you are a 20-year accounting veteran or just entering the field, it behooves you to keep a list (and check it twice) of the most common tax preparation blunders. | |
| The Tech Take: After coronavirus, maybe we’ll all work from home → | | By Ranica Arrowsmith 5 min read | | This is the new reality: We are all remote now. It’s hard to see an end date, but it’s even harder to imagine what will happen when all 50 states get the all-clear from our leaders. Will everything go back to normal, just like that? | |
| IRS offers more time to file FATCA form amid pandemic → | | By Michael Cohn 2 min read | | The Internal Revenue Service is giving foreign banks and financial institutions more time to file information about U.S. taxpayers with overseas bank accounts because of the coronavirus pandemic. | |
| Winners and losers in Congress’s $2T virus rescue plan → | | By Bloomberg News 7 min read | | Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue package worth more than $2 trillion in spending and tax breaks. | |
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