Tax

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 group says the Treasury’s actions so far don’t reflect the difficulties taxpayers and tax professionals are facing.

U.S. Treasury Secretary Steven Mnuchin said he supports direct payments of $1,000 per adult and $500 per child to Americans within three weeks if Congress backs the plan.

The IRS cautioned tax professionals about a new version of a phishing email scam targeting them.

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.

Businessman Lev Dermen, 53, was found guilty Monday as part of a scheme to cheat the IRS out of $512 million through a program designed to promote clean fuels.

Extensions; H.R. 6201; OICs; and other highlights from our favorite tax bloggers.

The Treasury is still encouraging taxpayers to file by April 15