Practitioners share ways to respond to clients who think the postponed deadline means they’re not busy. | Winners and losers in Congress’s $2T virus rescue plan | | By Bloomberg News 7 min read | | Days of negotiations between the Trump administration and Congress — and fierce lobbying by industries eager for assistance dealing with the coronavirus outbreak — has yielded a rescue package worth more than $2 trillion in spending and tax breaks. | |
| IRS offers more time to file FATCA form amid pandemic | | By Michael Cohn 2 min read | | The Internal Revenue Service is giving foreign banks and financial institutions more time to file information about U.S. taxpayers with overseas bank accounts because of the coronavirus pandemic. | |
| Seven common mistakes in tax preparation | | By Tammara Madison | | Whether you are a 20-year accounting veteran or just entering the field, it behooves you to keep a list (and check it twice) of the most common tax preparation blunders. | |
| SPONSOR CONTENT | | Podcast: Tax Rules Just Got A Lot More Complicated | | On the surface, 199A and 163(j) seem pretty straightforward but looks can be deceiving. The 2017 Tax Cuts and Jobs Act raises thorny new questions for even the simplest pass-through entities. | |
| IRS releases guidance on tax deadline postponement | | By Michael Cohn 2 min read | | The Internal Revenue Service posted a frequently asked questions page about the recently announced delay in tax filing and payments until July 15 because of the novel coronavirus pandemic. | |
| Tax season, interrupted | | By Roger Russell 5 min read | | Coronavirus, postponed deadlines, stimulus bills and social distancing bring new levels of complexity to tax. | |
|
