The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.
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June 26, 2020
Upcoming Events June 26, 2020
Daily Briefing
Tax filing deadlines in the time of coronavirus
By Joshua Ashman      3 min read
The extension also applies to Americans living abroad who would otherwise generally have had a filing deadline of June 15.
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IRS sent $1.4B in stimulus checks to dead people, audit finds
By Laura Davison and Mark Niquette      5 min read
The federal government’s quick action to issue stimulus payments led to more than a billion dollars of fraudulent payments, according to the GAO.
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Procrastination may pay this tax season, IRS says
By Laura Davison and Allyson Versprille      2 min read
Taxpayers who are owed a refund may also get a second check this year if they took advantage of the July 15 extended filing deadline, according to the Internal Revenue Service.
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Tax Fraud Blotter: Contemptuous
By Jeff Stimpson      5 min read
Bug in the system, again; the category is fraudster; pit stop; and other highlights of recent tax cases.
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AICPA releases audit software for employee benefit plans
By Ranica Arrowsmith      2 min read
There are close to 84,000 employee benefit plan audits conducted in the United States each year, almost 70 percent of which are limited-scope audits.
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How to build a successful exit planning practice
By Rich Gunn, Samantha Scott      7 min read
CPAs have a unique view into their clients who will exit their businesses in the not-too-distant future.
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Wirecard’s wild week finally ends in insolvency filing
By Sarah Syed, Luca Casiraghi and Fabian Graber      3 min read
Wirecard AG filed for insolvency, the culmination of a stunning accounting scandal that led to the arrest of its CEO and left the German payment-processing firm unable to find over $2 billion missing from its balance sheet.
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Democrats want to block stimulus for companies moving offshore
By Laura Davison      2 min read
Top Democrats in the House and Senate are backing a measure that would deny coronavirus aid to companies that moved their official headquarters offshore to avoid U.S. taxes.
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Pathways to Growth: Everything’s changed — but has it?
By Gale Crosley      4 min read
Accounting firm leaders need to hold fast to growth principles in changing times.
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Economic downturn? Not if you're smart
By Gene Marks      4 min read
The pandemic has created many great opportunities for finance pros to help their clients.
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