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IRS Watch

November 4, 2020

IRS issues details on W-2 reporting on payroll tax deferral

By Michael Cohn 2 min read

The Internal Revenue Service has posted instructions for both employers and employees about how to handle the Form W-2 reporting for the payroll tax deferral under President Trump’s executive action.

Election 2020: The waiting game

As the nation awaits the final election results, stay up the date with Accounting Today's coverage throughout the week.

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More flexibility for taxpayers with tax debts amid coronavirus

By Michael Cohn 4 min read

The IRS is making some changes in its collection program to lessen the burden on taxpayers with outstanding tax debts who are trying to cope with the economic fallout of the COVID-19 pandemic.

Tax Strategy: More than the usual year-end tax planning

By Mark A. Luscombe 7 min read

As 2020 approaches its finale, there are a number of unusual wrinkles for tax pros to consider.

IRS union sues Trump over civil service executive order

By Michael Cohn 3 min read

The National Treasury Employees Union has filed a lawsuit to block an executive order signed by President Trump last week that threatens to remove civil service protections from much of the federal workforce.

Trump perks for CFO included free rent, tax preparer

By Caleb Melby 6 min read

When Trump Organization CFO Allen Weisselberg’s son got married in 2004, the young couple got a generous wedding gift: use of an apartment, overlooking Central Park, rent-free.

Lawmakers propose bill to improve retirement plans and tax breaks

By Michael Cohn 4 min read

The top Democrat and Republican on the tax-writing House Ways and Means Committee introduced bipartisan legislation to encourage more Americans to save for retirement.