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The Internal Revenue Service is sending $500 payments to the children of some stimulus relief recipients who hadn’t gotten that part of the aid package after lawmakers complained that the agency wasn’t moving fast enough.
August 6
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The group wrote to legislators supporting ‘The Taxpayer Protection and Preparer Proficiency Act.’
July 31
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In a letter to leading legislators, the group also urged them to make businesses expenses paid with PPP money deductible.
July 29
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Democrats in Congress are criticizing how millions of economic impact payments authorized under the CARES Act are being handled.
July 28 -
The final IRS and Treasury rules let taxpayers exclude certain income from their GILTI computation.
July 21
- Non-profits
The Senate and House passed bipartisan legislation to help nonprofits remain financially viable during the COVID-19 pandemic.
July 10
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The unemployment rate fell to 11.1 percent, as employees returned to work despite the ongoing spread of COVID-19.
July 2
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In response to the coronavirus, the Internal Revenue Service and the Treasury are giving renewable energy companies more time to develop projects using sources such as wind and geothermal.
May 28
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A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.
May 22
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The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.
May 7
