Tax

Chelsea Emery
April 23, 2020 11:51 AM

Find more information and the nomination form for Financial Planning's recognition of people, leaders and firms that have demonstrated innovation in response to the coronavirus pandemic.

1 Min Read
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Michael Cohn
April 21, 2020 3:23 PM

The Internal Revenue Service and the Treasury Department provided cross-border tax guidance Tuesday to provide relief to individuals and businesses affected by travel disruptions arising from the novel coronavirus pandemic.

3 Min Read
April 21, 2020 11:06 AM

In a down economy, international planning is even more important.

7 Min Read
AICPA building in Durham, N.C.
Michael Cohn
April 21, 2020 10:28 AM

The American Institute of CPAs’ Auditing Standards Board has decided to defer the effective dates of seven of its recently issued Statements on Auditing Standards because of the novel coronavirus pandemic.

4 Min Read
U.S. Department of the Treasury Internal Revenue Service (IRS) 1040 Individual Income Tax forms for the 2016 tax year are arranged for a photograph in Tiskilwa, Illinois, U.S., on Monday, Dec. 18, 2017. This week marks the last leg of Republicans' push to revamp the U.S. tax code, with both the House and Senate planning to vote by Wednesday on final legislation before sending it to President Donald Trump. Photographer: Daniel Acker/Bloomberg
Jeff Stimpson
April 21, 2020 9:00 AM

Pandemic or not, taxpayers are making many of the same blunders, according to tax professionals.

3 Min Read
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IRS
Michael Cohn
April 20, 2020 5:00 PM

Recipients of Social Security benefits, as well as railroad retirement and veterans benefits recipients, will need to act fast.

4 Min Read
April 20, 2020 2:39 PM

Sales taxes are a pillar of the Texas state budget, and the usually stable revenue source has taken a hit from the COVID-19 pandemic.

5 Min Read
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Michael Cohn
April 20, 2020 1:45 PM

Two Senate Democrats are criticizing a little-known provision of the CARES Act stimulus package that would provide a tax break mostly to wealthy taxpayers, suspending excess business losses for prior tax years.

3 Min Read
Treasury check
Danielle Lee
April 15, 2020 1:51 PM

The Internal Revenue Service announced new tool Get My Payment, enabling taxpayers to check on their Economic Impact Payment date and update direct deposit information.

2 Min Read
IRS headquarters in Washington, D.C.
Michael Cohn
April 14, 2020 1:15 PM

The Internal Revenue Service is encouraging taxpayers to file their taxes electronically during the three-month extension period for this year’s tax season.

1 Min Read