A centerpiece of the package is tax rebates to individuals of $1,200 and $2,400 for married couples. Rebates are completely phased-out for taxpayers with incomes exceeding $99,000 for individuals or $198,000 for a couple.

A package of coronavirus relief legislation that was signed into law Wednesday includes provisions for paid sick leave, family leave and medical leave, along with tax credits to help employers and the self-employed pay for them.

Bipartisan legislation would extend the deadline after guidance from the Treasury Department fell short.

The relief is only for income taxes, and doesn't change any filing deadlines.

One strategy being used across international regions is to utilize value-added tax measures as a flexible and effective response to the economic slowdown.

The first quarter is quickly coming to an end, and finance teams around the country are busy preparing for questions from the board.

RiskOversight is designed to elevate and execute risk management programs across the enterprise, including risk identification, assessment, response, mitigation and monitoring.

As you’re gathering documents this tax season and preparing personal tax returns, you may come across clients who have employed domestic help in the past year.

The U.S. Treasury will be able to support smaller businesses impacted by the coronavirus through an economic relief plan that the House passed late Friday, Treasury Secretary Steven Mnuchin said in a statement.

More than half of compliance officers believe they don’t have enough resources to carry out their function adequately, and nearly a third say their auditing and monitoring process is insufficient, according to a new survey.

The partnership comes at a time when anxieties are high over cryptocurrency regulation and taxation, as much of the guidance from the IRS has proven inadequate and confusing.

The service issued final regs to increase the OIC application fee to $205, while offering another way to waive the fee for low-income taxpayers based on their AGI.

The Financial Accounting Standards Board issued the Current Expected Credit Loss (CECL) accounting standard in 2016. Since then, many questions have been raised about what it requires, particularly by financial services companies.

The Securities and Exchange Commission is exempting filers with less than $100 million in revenue from the requirement for an attestation of their ICFR by an outside auditor.

The U.S. Treasury Department is considering extending the 2019 tax-filing deadline beyond April 15 to provide relief from economic disruption caused by the coronavirus outbreak, according to two people familiar with the matter.

Here are some of the significant disclosure items that are either already required, or will be required, for next filing season.

The president will seek a payroll tax cut and “very substantial relief” for industries that have been hit by the virus, reversing course on the need for economic stimulus hours after markets posted their worst losses in more than a decade.

Sales tax rate changes declined slightly last year, but the trend of more new districts imposing taxes on online transactions continued in 2019.

The Financial Accounting Standards Board made some narrow improvements to different aspects of the financial instruments guidance, including the current expected credit losses standard.

The Internal Revenue Service is giving holders of foreign retirement trusts an exemption from some of the information reporting requirements, along with the abatement of penalties.