In the past two months, more than 159 million Americans have received Economic Impact Payments totaling almost $267 billion. Of the payments, 120 million were sent to Americans by direct deposit, 35 million by ...
The Internal Revenue Service Office of Chief Counsel is expanding its Virtual Settlement Days program after the tremendous success achieved by three offices that took Settlement Days events virtual in May 2020.
Taxpayers who sold property for an eligible gain and who would have had 180 days to invest in a QOF to defer that gain, may have additional time. Notice 2020-39 provides that if a taxpayer’s 180th day to invest in a QOF would have fallen on ...
Under the Internal Revenue Code, the rate of interest is determined on a quarterly basis. For taxpayers other than corporations, the overpayment and underpayment rate is the federal short-term rate plus 3 percentage points.
In-house team leaders must reconcile these challenges if they want to take on more substantive advisory roles supporting their own corporate strategies.
For the period from Jan. 1, 2020, through Dec. 31, 2020, the individual may use an electronic system facilitating remote notarization if executed via live audio-video technology that otherwise satisfies the requirements of participant elections ...
U.S. taxpayers who live and work abroad usually have an extended tax deadline of June 15. This year, however, they have until Wednesday, July 15, 2020, to file their 2019 federal income tax return and pay any tax due.
Avalara Consumer Use offers businesses a solution that addresses every step of the consumer use tax self-assessment process, including user-defined rules, tax calculation, review, allocation, accrual, and documentation.