Workin’ on the highway; school’s out; paycheck re-route; and other highlights of recent tax cases.
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Upcoming Events
IRS Watch
July 29, 2020
Upcoming Events July 29, 2020
Tax Fraud Blotter: Know when to hold 'em
By Jeff Stimpson      5 min read
Workin’ on the highway; school’s out; paycheck re-route; and other highlights of recent tax cases.
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IRS finalizes rules on business interest expense deduction limits
By Michael Cohn     3 min read
The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.
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IRS offers guidance on recapturing excess employment tax credits amid coronavirus
By Michael Cohn     2 min read
New regulations to help employers reconcile any advance payments of refundable employment tax credits and recapture the benefit of these credits when necessary, in line with the CARES Act and the Families First Act.
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Republican plan would send more $1,200 stimulus checks in August
By Laura Davison and Laura Litvan     2 min read
The 160 million Americans who got stimulus checks earlier this year would get another payment as soon as next month under a plan being negotiated by Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell.
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What’s in Senate Republicans’ $1T pandemic relief plan
By Erik Wasson, Laura Litvan and Laura Davison     6 min read
The GOP legislation includes a second tranche of stimulus payments, structured the same way as the earlier round, in March, along with tax credits for businesses.
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McConnell’s stimulus waiting game turns into race against clock
By Steven T. Dennis     5 min read
Senate Majority Leader Mitch McConnell waited until a key component of U.S. coronavirus aid was about to expire before drafting the Republican version of the next major relief bill, a decision that is increasingly looking like a significant miscalculation.
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SPONSOR CONTENT
Adjusting Allowances for COVID-19
Incorporate a quantitative adjustment into your allowance framework under COVID-19
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People & firms on the move: Marks Paneth elects new MP
By Danielle Lee
Weaver appoints COO; Armanino introduces return-to-work solution suite; and more CPA news.
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Relief granted to opportunity zone investors in light of coronavirus
By Julie Treppa     4 min read
The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.
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RESOURCES
WEB SEMINAR
The tools of CAS
An online accounting program is usually the core of a modern Client Accounting Services practice — but it’s not the only tool accountants are bringing to bear, and this session will dive into the broad ecosystem of applications they can leverage.
Learn More
REPORT
Emerge stronger than ever: A strategic guide for accountants in 2020 →
INFOGRAPHIC
Business after Covid-19: 5 new realities facing accountants →
More Resources
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