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The 160 million Americans who got stimulus checks earlier this year would get another payment as soon as next month under a plan being negotiated by Treasury Secretary Steven Mnuchin and Senate Majority Leader Mitch McConnell.

The American Institute of CPAs reported Thursday that its Personal Financial Satisfaction Index declined 55 percent in the second quarter of the year, a level not seen since 2015, as the COVID-19 pandemic continued to ravage consumer finances.

Any boost for workers from a payroll tax cut that President Donald Trump favors would take weeks to kick in and the effects could be distributed unevenly.

Former Wirecard AG Chief Executive Officer Markus Braun and two other former officials were arrested as prosecutors said the company knew about massive losses as early as 2015.

Kimberly Ellison-Taylor, past chairman of the Association of International CPA's and the American Institute of CPA's, on why firms need to be "willing to be uncomfortable."

BDO USA is expanding in Colorado and Wyoming by adding ACM LLP, formerly known as Anton Collins Mitchell LLP, a firm based in Denver.

The Tax Cuts and Jobs Act created opportunity zones as an economic development tool to stimulate investments in distressed communities.

People who aren’t required to file a U.S. tax return have less than three months to alert the Internal Revenue Service if they haven’t yet received a $1,200 stimulus payment from the government, Commissioner Chuck Rettig said.

The new Enterprise Digitalization and Case Management Office has mandates to improve processes and modernize aging systems.

Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers.

IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress.

The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.

The coronavirus pandemic has only highlighted the enduring value of land as an investment.

The International Federation of Accountants called on national leaders to stay focused on long-term progress alongside their immediate priorities for the coronavirus pandemic.

The American Institute of CPAs offered six policy suggestions for the next phase of federal COVID-19 relief legislation under consideration in Congress.

American Institute of CPAs chief auditor Bob Dohrer and AICPA Auditing Standards Board chair Tracy Harding discussed the AICPA’s progress on some recent audit and attest standards during the Engage 2020 online conference Monday.

The COVID-19 pandemic has infected the service’s annual list of top tax scams.

Borrowers or their accountants can fill out the forgiveness application and the tool produces all government-mandated forms automatically.

A Bitcoin investor in New Hampshire has filed a lawsuit against the Internal Revenue Service after he received a letter from the IRS inquiring about his digital currency holdings.

New York State’s Department of Financial Services issued a report saying five tax prep software companies have been making it difficult for taxpayers to access the free versions of their tax preparation software, even though they belong to the Free File Alliance.