CARES Act

A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.

The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.

Both pieces of legislation have caused sweeping changes to retirement planning and wealth management.

The Top 100 Firm has its eye on more COVID-19 solutions.

For families who employ a nanny to care for their children in the home, there is the extra concern of what to do with their employee.

The application from the Treasury leaves many questions unanswered.

The Internal Revenue Service and the Treasury Department are beginning to send nearly 4 million economic impact payments by prepaid debit card, instead of by paper check or direct deposit.

Crowe has joined the growing number of firms offering solutions to aid in Paycheck Protection Program participation.

The Internal Revenue Service is bringing in more help to deal with the flood of calls about economic impact payments.

Members of the American Accounting Association's Financial Reporting Policy Committee denounce provisions in the CARES Act they see as threatening FASB’s independence and setting a dangerous precedent with serious potential to undermine confidence in corporate financial reporting.

The U.S. Small Business Administration, in conjunction with the Treasury Department, released a loan forgiveness application for the SBA’s troubled Paycheck Protection Program, along with detailed instructions for the application.

Tax practitioners share the questions they’re getting asked most, and how they’re answering.

More than half expect to be back to a more normal work environment in less than six months, according to a new survey.

Lax eligibility requirements are raising new questions about which firms should get access to public money.

The Small Business Administration’s troubled Paycheck Protection Program appears to be providing more businesses with long-awaited loans, despite the rocky rollout and ever-changing guidance, according to a new survey.

The Internal Revenue Service guidance caused some consternation among some small businesses and tax experts.

Republicans universally rejected a $3 trillion stimulus measure drafted by House Democrats to bolster the U.S. economy, but the draft plan has the seeds for an eventual, smaller compromise.

House Democrats proposed a $3 trillion virus relief bill Tuesday, combining aid to state and local governments with direct cash payments, tax breaks, expanded unemployment insurance and food stamp spending as well as a list of progressive priorities like funds for voting by mail and the troubled U.S. Postal Service.

We have all spent so much time and energy applying for the Paycheck Protection Program, trying to interpret and decipher the intent behind the words.

The tax prep chain is offering consulting services starting at $99.