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Tax Practice

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September 17, 2020

IRS set to begin rolling out new case management system

By Michael Cohn 7 min read

The Internal Revenue Service is starting with the customer support area of its Exempt Organizations unit.

Wall Street workers may want bonuses ahead of possible Biden win for tax reasons

By Elaine Chen 2 min read

Wall Street firms may start facing pressure to pay out bonuses earlier than usual as their employees worry about the prospect of higher taxes under a Biden administration and Democrat-controlled Senate.

CCH Axcess e-filing goes down on tax deadline

By Ranica Arrowsmith 1 min read

Tax preparers started noticing e-filing was not functional on Tuesday, September 15, with some receiving a message saying the system was experiencing “temporary filing errors.”

Senate, Supreme Court opt out of Trump payroll tax deferral

By Laura Davison and Laura Litvan 2 min read

The U.S. Senate and Supreme Court are joining the House in not implementing President Donald Trump’s order allowing employers to defer payroll taxes owed by workers.

In the blogs: Useful results

By Jeff Stimpson 2 min read

Crypto help wanted; PPP and R&D; SEO tips; and other highlights from our favorite tax bloggers.

IRS finalizes regulations for rehabilitation tax credit

By Michael Cohn 2 min read

Final rules have been released for claiming the rehabilitation credit under the Tax Cuts and Jobs Act.

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CFOs expect corporate tax rates to go up after election

By Michael Cohn 5 min read

No matter whether Trump or Biden wins in November, a new survey from PwC indicates taxes may be rising.

Penalty relief may be available to those who miss Sept. 15 deadline due to COVID-19

By Michael Cohn 4 min read

The AICPA believes taxpayers will be able to avoid penalties if they write “COVID-19” at the top of their return.

IRS adds marijuana industry page to website

By Michael Cohn 2 min read

The site informs cannabis business owners about their tax responsibilities.

Working from home may create home office, nexus issues

By Roger Russell 3 min read

Mandated by the COVID-19 pandemic, remote work can also bring serious tax consequences.