House Ways and Means Chair Richard Neal wants the IRS to quit sending balance due notices for now.
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August 20, 2020
Upcoming Events August 20, 2020
IRS urged to stop sending notices for unpaid taxes until it catches up on mail backlog
By Michael Cohn      4 min read
House Ways and Means Chair Richard Neal wants the IRS to quit sending balance due notices for now.
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U.S. ends pacts with Hong Kong on extradition, shipping tax
By Bill Faries, Nick Wadhams and Iain Marlow     2 min read
The U.S. suspended its extradition treaty with Hong Kong and ended reciprocal tax treatment on shipping with the former British colony, the latest salvo in escalating tensions between Washington and Beijing.
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Business groups warn of ‘substantial tax liability’ from payroll tax deferral
By Michael Cohn     3 min read
The U.S. Chamber of Commerce and other organizations are sounding the alarm about the impact of President Trump’s order.
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In the blogs: Any questions?
By Jeff Stimpson     3 min read
Working at home and tax breaks; yet more PPP; down under; and other highlights from our favorite tax bloggers.
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IRS to send 13.9M taxpayers interest on their refunds
By Michael Cohn     2 min read
The Internal Revenue Service and the Treasury plan to send interest payments averaging $18 to approximately 13.9 million taxpayers.
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Trump pledges tax credits, tariffs to redirect jobs from China
By Brendan Murray     2 min read
President Donald Trump said he’ll punish American companies that move jobs abroad and reward firms with tax breaks for shifting work from China to the U.S., proposals aimed at hastening the decoupling of the world’s largest economies.
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Employers wait for guidance on payroll tax deferral
By Roger Russell     3 min read
Delaying tax payments is one thing; forgiving them is another thing entirely.
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IRS makes Form 1040-X amended tax returns available for e-filing
By Michael Cohn     2 min read
The service is now letting taxpayers submit Form 1040-X electronically when they want to file an amended tax return through commercial tax software.
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IRS offers reprieve for taxpayer checks caught in backlog of unopened mail
By Michael Cohn     3 min read
The Internal Revenue Service is giving taxpayers a break if the checks they mailed in to pay their taxes still haven’t been opened up yet and are sitting in the trailers the IRS set up during the pandemic.
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IRS reopens registration for $500 stimulus claims for children
By Michael Cohn     5 min read
The Internal Revenue Service is giving parents another chance to list their kids so they can receive an extra $500 per child in economic impact payments under the CARES Act.
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