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Joe Biden is threatening to eliminate a tax benefit worth billions of dollars to the real estate industry in an attack on President Donald Trump, a property developer who has boasted about using the tax code to his advantage.

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.

Republicans crafting their own plan for a new U.S. virus-relief bill broadly endorsed a fresh round of stimulus checks to individuals, extended supplemental jobless benefits and more money for testing while voicing doubts over President Donald Trump’s desired payroll tax cut.

The coronavirus pandemic has many accountants considering the cloud, but it’s not a simple decision.

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 Institute of Internal Auditors has updated its Three Lines of Defense Model to emphasize more active forms of risk management and governance.that go beyond merely defensive moves by the internal audit function.

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

PrimeGlobal, an international association of independent accounting firms, reported 10 percent growth Tuesday in aggregate revenue of its member firms, reaching a total of nearly $3 billion for the fiscal year ending May 31, 2020.

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 COVID-19 pandemic has highlighted the need to have a business continuity and disaster recovery plan and a pandemic plan in place.

Joe Biden on Tuesday unveiled a plan to bolster childcare and care for the elderly that would be financed by taxes on real-estate investors, as well as increased tax compliance by high-income earners.

Firms may want to trade short-term cash for long-term goodwill.

How one firm radically reshaped its evaluations — by bringing in clients.

Jirav, which creates all-in-one budgeting, forecasting, reporting and dashboarding software, has received $8 million in Series A funding to boost growth.

Senate and House Republicans introduced legislation that would give businesses refundable tax credits against payroll taxes to meet some of the expenses associated with reopening during the novel 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.

I’ve been on a time travel merry go round since the end of May, as I’ve been emptying a self-storage warehouse with the goal to be out of it by the end of August.