The Internal Revenue Service and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel coronavirus.
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IRS Watch
April 15, 2020
Upcoming Events April 15, 2020
IRS extends more tax deadlines due to coronavirus
By Michael Cohn      4 min read
The Internal Revenue Service and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel coronavirus.
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The coronavirus effect: How has your business changed?
As part of our effort to probe the impacts of and responses to the coronavirus pandemic, Arizent has been conducting surveys of leaders in financial and professional services. We ask you to take part by completing our newest 10-minute survey, and look for results in upcoming editorial coverage.
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IRS offers tool for nonfilers to get stimulus payments for coronavirus
By Michael Cohn      5 min read
The Internal Revenue Service introduced an online tool on its website to help people who don’t normally file their taxes receive their stimulus payments sooner in response to the novel coronavirus pandemic.
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IRS not processing paper tax returns due to coronavirus
By Michael Cohn      2 min read
The Internal Revenue Service is encouraging taxpayers to file their taxes electronically during the three-month extension period for this year’s tax season.
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AICPA highlights tax filing shortcomings related to coronavirus relief
By Michael Cohn      3 min read
The American Institute of CPAs has posted a set of frequently asked questions and answers aimed at helping CPAs and their clients with tax filing and tax relief in response to the novel coronavirus pandemic, while pointing out the various shortcomings in the federal government’s response.
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IRS struggling during extended tax season with coronavirus
By Michael Cohn      2 min read
The novel coronavirus pandemic has forced the Internal Revenue Service to dramatically scale back operations late in tax-filing season, according to a new report.
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Treasury begins sending $1,200 rescue payments this week
By Laura Davison      2 min read
Americans will start to receive stimulus payments this week, a centerpiece of the $2.2 trillion rescue package meant to provide a buffer against the coronavirus pandemic that’s shuttered much of the U.S. economy.
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IRS provides info on claiming quick refunds of NOLs amid coronavirus
By Michael Cohn      3 min read
The Internal Revenue Service posted a set of questions and answers Monday to help companies claim net operating losses and tax credits for prior years so they can get faster tax refunds in the midst of the novel coronavirus pandemic.
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Tax Fraud Blotter: Firestarter
By Jeff Stimpson      5 min read
Fate sealed; insults to injury; thanks, dad; and other highlights of recent tax cases.
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