Tax

Federal Reserve Bank of San Francisco
By Laura Davison
May 15, 2020 10:03 AM

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

5 Min Read
IRS headquarters in Washington, D.C.
IRS
Tracey J. Niemotko
May 14, 2020 3:52 PM

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

2 Min Read
coronavirus-concept.jpg
Brian M. Karpf
May 14, 2020 1:14 PM

Divorce and COVID-19 each bring various tax considerations.

4 Min Read
House Minority Leader Nancy Pelosi
By Erik Wasson, Steven T. Dennis and Laura Litvan
May 13, 2020 5:35 PM

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.

7 Min Read
hoyer-steny-congress-mask.jpg
By Erik Wasson and Laura Davison
May 12, 2020 4:30 PM

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.

7 Min Read
tracking-stimulus-checks.jpg
By Laura Davison and Wei Lu
May 12, 2020 4:07 PM

Residents of states such as Utah, Idaho and South Dakota collected average stimulus payments topping $1,800.

1 Min Read
A man walks past the IRS headquarters in Washington, D.C.
IRS
Michael Cohn
May 12, 2020 3:20 PM

The IRS is extending the claims period for health care flexible spending arrangements and dependent care assistance programs and enabling taxpayers to make mid-year changes to their accounts.

1 Min Read
IRS Commissioner Charles "Chuck" Rettig
IRS
Michael Cohn
May 8, 2020 3:37 PM

The Internal Revenue Service is giving taxpayers who want to receive their economic impact payments by direct deposit a tight deadline.

3 Min Read
The H&R Block, Inc. logo is displayed in front of the company's flagship office in New York, U.S., on Friday, March 3, 2012. H&R Block, Inc. provides tax services to the general public, accounting and consulting services, and consumer financial and personal productivity software. Photographer: Scott Eells/Bloomberg
Jeff Stimpson
May 7, 2020 6:25 PM

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

1 Min Read
Treasury Department building
Michael Cohn
May 7, 2020 6:15 PM

The decision, prompted by requests from a bipartisan group of lawmakers, reverses previous IRS guidance.

2 Min Read