Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages.
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IRS Watch
April 8, 2020
Upcoming Events April 8, 2020
10 things to know about IRS operations during the coronavirus pandemic
By Jim Buttonow
Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages.
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Coronavirus: Stay up to date
Accounting Today has compiled in one place all its coverage of the pandemic, how it's affecting the industry, and what you need to know going forward.
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IRS will allow coronavirus stimulus payments for seniors who don’t file tax returns
By Michael Cohn      3 min read
The Internal Revenue Service and the Treasury Department have reversed course on requiring senior citizens to file a “simple tax return” in order to receive a stimulus payment as part of the coronavirus package passed by Congress last week.
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10 ways to immunize your firm during a crisis like the coronavirus
By Ira Rosenbloom
Here are 10 suggestions to help firms think through near-term needs and create a plan to help shore up business continuity and mitigate some risks during this sensitive time.
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Some coronavirus stimulus checks may not arrive until September
By Laura Davison      2 min read
Some people counting on $1,200 stimulus checks from the government may not see the money until mid-September, according to a House Ways and Means Committee analysis.
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Billions in stimulus cash from coronavirus: Who gets it and how to get access
By Steven T. Dennis, Laura Davison and Mike Dorning      6 min read
This is normally the time of year when the federal government is collecting taxes due, but the devastating coronavirus now has the U.S. trying to rapidly dole out hundreds of billions of dollars in aid and tax breaks to businesses large and small.
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You might have a tax shelter and not know it. Coronavirus could make matters worse
By Shaun Hunley      4 min read
Ask the average business owner if they have a tax shelter and they’d probably have a chuckle while wistfully thinking about how nice it would be to swim in crystal clear waters while their offshore bank accounts grew, unencumbered by state and federal taxes.
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IRS warns of coronavirus-related tax scams
By Michael Cohn      4 min read
The Internal Revenue Service issued a warning urging taxpayers to beware of scammers calling and emailing them about the stimulus payments they are expecting as a result of last week’s CARES Act.
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Tax Fraud Blotter: Civic misbehavior
By Jeff Stimpson      6 min read
Over the Topps; a thirst for fraud; the sky is limited; and other highlights of recent tax cases.
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