Treasury and the IRS have issued much-anticipated guidance on just how the deferral applies and how the taxes are likely to have to be repaid. Hear more in this podcast episode.
COVID-19 news and information
Pandemic makes meeting Sept. 15 filing deadline difficult
Tax practitioners have expressed concerns that they will not be able to meet looming Sept. 15 tax filing deadlines for a variety of reasons related to the global pandemic.
6 more IRS forms can be filed with e-signatures
The IRS added six more forms to the list of forms that can now be signed electronically to respond to the coronavirus pandemic.
IRS issues guidance on COVID-19 testing coverage
The IRS said that COVID-19 testing and diagnostics are not minimum essential coverage under a government-sponsored program and therefore do not disqualify taxpayers from taking the Sec. 36B premium tax credit or Medicaid.
3 tech-related tips for working better remotely
This article offers tips to help you familiarize yourself with your hardware and software and build a system that works for you.
Finance leaders search for opportunities as outbreak drags on
While some companies find pockets of success, overall sentiment is neutral regarding the next 12 months, according to a quarterly survey.
COVID-19 decisions create data dilemma for businesses
The rush to set up and support remote working arrangements kept companies operating despite pandemic-related quarantines, but the swift shift to the cloud could mean that regulatory problems loom on the horizon. The first question that must be answered: Where is my data?
TQAs discuss nongovernmental health care entities’ pandemic-related issues
Technical Questions and Answers issued by the AICPA address nongovernmental health care entities’ accounting for governmental assistance related to the coronavirus pandemic.
The new charitable deduction for nonitemizers
A one-time deduction of up to $300 can be taken directly on individual returns.
State conformity to CARES Act relief
Relative to CARES Act tax provisions, state conformity to date is varied.
Features
SPONSORED REPORT
Get your clients ready for tax season
Help clients avoid surprises with year-end planning strategies for managing taxable income, maximizing deductions, and adjusting to OBBBA changes affecting individuals and businesses.
