U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.
NASBA and the AICPA announced the decision after test administrator Prometric closed its test centers across the United States and Canada for 30 days.
The relief is only for income taxes, and doesn't change any filing deadlines.
One strategy being used across international regions is to utilize value-added tax measures as a flexible and effective response to the economic slowdown.
In this confusing time, the ability to ask questions at work becomes all the more important.
Businessman Lev Dermen, 53, was found guilty Monday as part of a scheme to cheat the IRS out of $512 million through a program designed to promote clean fuels.
Insights on how firms can prepare themselves and their clients for the world after COVID-19.
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The latest: Bill.com offers 90 days free to new customers.
March 20
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The annual accounting and finance event in Las Vegas has been delayed until an unspecified time "later this year" due to the ongoing coronavirus outbreak.
March 20
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Tax forms and payments won’t be due to the Internal Revenue Service until July 15 this year, Treasury Secretary Steven Mnuchin said in a tweet, as the government looks for ways to respond to the coronavirus.
March 20
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Treasury Secretary Steven Mnuchin tweeted Friday that President Trump has directed him to move Tax Day to July 15, giving taxpayers more time to file their taxes in the midst of the coronavirus pandemic.
March 20
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A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased-out for taxpayers with incomes exceeding $99,000 for individuals or $198,000 for a couple.
March 19
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A package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them.
March 19
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Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.
March 19
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Officials and employees are working from home and doing inspections of U.S. audit firms remotely to protect them from infection.
March 19
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The group says the Treasury’s actions so far don’t reflect the difficulties taxpayers and tax professionals are facing.
March 19
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U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.
March 19
