The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.
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Daily Briefing
October 16, 2020
Upcoming Events October 16, 2020
Daily Briefing
IRS sets end date for faxing refund claim forms amid coronavirus
By Michael Cohn      3 min read
The Internal Revenue Service is giving taxpayers until the end of the year before it stops its temporary procedures for faxing in Forms 1045 and 1139 for claiming tentative tax refunds.
Read More
 
PCAOB board member Kaiser departs, chief auditor Zietsman takes his place
By Michael Cohn      5 min read
James Kaiser, a member of the Public Company Accounting Oversight Board since 2018, is leaving the PCAOB and will be replaced by chief auditor Megan Zietsman in another sign of turmoil at the audit overseer.
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AICPA announces CPA Exam Scholarship recipients
By Sean McCabe      2 min read
Fifty U.S. CPA Exam candidates received scholarships to help cover the cost of exam prep, worth $1,500 each.
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3 keys to a better online presence
By Kyle Walters      4 min read
Your firm’s online presence has never been more critical to your success.
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SPONSOR CONTENT
The eight biggest mistakes accounting professionals make when applying for jobs
Learn some insider secrets on how to get yourself to the top of the pile for the best jobs.
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Audit committees and corporate ESG commitment: ‘Prove it’
By Maura Hodge      5 min read
These five questions can help companies demonstrate the seriousness of their environmental, social and governance promises.
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Ted on Tech: Office in a box — what the post-COVID office looks like
By Ted Needleman      4 min read
Examine your pre-pandemic workflows, don't skimp, and you'll be set up for success.
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Tax burden equal to 70% rate crushes Americans unable to pay
By Steve Matthews      4 min read
Millions of low-income Americans are locked into poverty thanks to U.S. tax policy, Federal Reserve Bank of Atlanta researchers say.
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Billionaire Robert Smith to pay $140M over tax probe
By David Voreacos, Neil Weinberg and Gillian Tan      2 min read
Smith will acknowledge wrongdoing to end a four-year U.S. tax investigation involving assets held in offshore tax havens.
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France to go ahead with digital tax, risking U.S. tariffs
By William Horobin      1 min read
French Finance Minister Bruno Le Maire is keeping Europe on course for a trade battle with the U.S. over the taxation of tech giants like Facebook and Alphabet Inc.’s Google.
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Tax Fraud Blotter: Rough waters
By Jeff Stimpson      5 min read
Three defaults and you’re out; scheme of several years; misstep by misstep; and other highlights of recent tax cases.
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