Coronavirus

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

As far as the taxman is concerned, home is where the heart is.

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.

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 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.

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

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.

Democrats in New York, the world’s financial capital, may finally have the right moment to resurrect the state tax on stock trades.

The speed and scale of the Paycheck Protection Program made it particularly susceptible to fraud, explains Juliette Gust, a forensic accountant and founder of Ethics Suite -- and that means businesses need to take steps to protect themselves.

We are not back to normal, and WFH is not a perk … yet.

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.

Over a hundred members of Congress are asking the service to resolve a number of issues preventing the remaining Economic Impact Payments from going out.

The 1,500-person event will be held in a venue for 10,000, to accommodate social distancing, and a remote-attendance option will be available.

Accountants have no need to return to crowded offices, especially not in states where COVID-19 is having a second wind.