The Sept. 15 tax filing deadline is causing worries among taxpayers and tax practitioners in the midst of the pandemic, but the American Institute of CPAs believes that taxpayers will be able to avoid tax penalties if they write “COVID-19” at the top of their tax return.
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September 15, 2020
Upcoming Events September 15, 2020
Penalty relief may be available to taxpayers who miss Sept. 15 tax deadline due to COVID-19
By Michael Cohn      4 min read
The Sept. 15 tax filing deadline is causing worries among taxpayers and tax practitioners in the midst of the pandemic, but the American Institute of CPAs believes that taxpayers will be able to avoid tax penalties if they write “COVID-19” at the top of their tax return.
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IRS adds marijuana industry page to website
By Michael Cohn     2 min read
The site informs cannabis business owners about their tax responsibilities.
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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.
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The tax season that never ends
By Daniel Hood
It's been a most unusual year for tax pros, and National Conference of CPA Practitioners president Neil Fishman dives into the major issues — and what's to come.
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House rejects Trump’s payroll tax deferral for its staff
By Erik Wasson and Laura Davison     2 min read
The U.S. House of Representatives won’t implement President Donald Trump’s order allowing employers to defer payroll taxes owed by workers, joining major companies in rejecting the option.
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Millionaires would pay up under Biden, study shows
By Laura Davison     3 min read
Levies on most households below the top income brackets would stay about the same as under Trump.
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IRS updates per diem rates for 2020-2021
By Michael Cohn     2 min read
Taxpayers can use the rates to substantiate the expenses they can deduct for lodging, meals and incidental expenses.
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Tax help available in more languages
By Jeff Stimpson     1 min read
Among other things, the IRS is providing the 1040 in Spanish for the first time.
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Major companies reject Trump’s payroll tax deferral
By Laura Davison and Steve Matthews     3 min read
A month after President Donald Trump moved to shore up workers’ incomes by giving employers the option of deferring payroll taxes, the effort has failed to energize a U.S. economy still reeling from the coronavirus pandemic.
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Tax Fraud Blotter: Risky business
By Jeff Stimpson     6 min read
Contemptuous; fashion misstatements; handwritten document; and other highlights of recent tax cases.
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