The Internal Revenue Service has posted information on how people who weren’t supposed to receive their economic impact payments for the novel coronavirus pandemic should return the money. IRS tells family members of deceased to return stimulus money | By Laura Davison 2 min read | The Internal Revenue Service said individuals who got a $1,200 stimulus payment intended for someone who’s deceased or incarcerated should return the money but left open the question of how the agency would enforce that. | |
In the blogs: A marvelous modern age | By Jeff Stimpson 3 min read | CARES changes; payroll or not payroll; what to think of the IRS; and other highlights from our favorite tax bloggers. | | Trump finds skeptics instead of allies for prize payroll tax cut | By Laura Davison 4 min read | President Donald Trump has fixed his sights on getting a payroll tax cut in the next coronavirus stimulus bill, but it’s unclear whether he can get Republicans — much less Democrats — to go along with such a high-cost item that likely would have only a modest impact on the economy. | | |