CARES Act

The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.

The Internal Revenue Service reminded taxpayers Thursday that they only have until Nov. 21 at 3 p.m. Eastern Time to register for an Economic Impact Payment of $1,200 or more.

The single-family house on Forestview Avenue in Euclid, Ohio, a suburb of Cleveland, shows no signs of farming activity. The only things growing on the one-eighth-acre plot are trees, shrubs and grass.

Practitioners share how they handled charging for stimulus services, and interacting with clients.

Regardless of who wins the White House, the scope for tax legislation in the near term will be limited.

COVID-19, the election and much more all need to be taken into account.

The American Accounting Association has issued a rare rebuke to Congress criticizing government interference in accounting standards.

The coronavirus pandemic has introduced a number of new areas that companies need to address.

The U.S. Small Business Administration and the Treasury Department are making it easier for companies to get their Paycheck Protection Program loans of $50,000 or less forgiven.

The CARES Act will play a critical role, according to Grant Thornton.

Individuals who haven’t received their EIPs now have until Nov. 21.

At the center of President Donald Trump’s dispute with the IRS is a $72.9 million tax refund. He can thank his predecessor for that benefit.

The coronavirus pandemic is creating new exposures for accounting firms, and exacerbating others.

An inside look at how three firms handle their Paycheck Protection Program services.

We started 2020 with hopes of a solid season after a rebuilding year following the Tax Cuts and Jobs Act. Instead, this season threw us more curveballs, changeups, game delays, and empty seats than any season in history.

The Internal Revenue Service said Tuesday that lenders who make Paycheck Protection Program loans that are later forgiven under the CARES Act should not file information returns or furnish payee statements to report the forgiveness.

The cloud-based solution provides dashboard visualization and other tools for managing clients' loan forgiveness applications.

Companies that took advantage of federal pandemic-relief efforts like payroll tax deferrals will face bigger bills next year.

The pandemic may encourage business owners to ‘borrow’ from the government.

Most tax practitioners and real estate investors are aware of the depreciation-related changes to the tax code in recent years. However, because of the rapid changes to these rules, many people are less aware of the interactions between these provisions.