Income Tax

After haggling for days over the final details, Senate Democrats and the White House agreed Tuesday to a nearly $2 trillion stimulus package to combat the economic fallout of the coronavirus outbreak, including direct payments to most Americans and a half-trillion-dollar fund to shore up struggling companies. The stimulus bill — by far the largest […]

The AICPA is proposing a system to help make sure small businesses can continue paying their employees quickly, efficiently and safely.

The outbreak of coronavirus disease 2019 (COVID-19) may be stressful for people. Fear and anxiety about a disease can be overwhelming and cause strong emotions in adults and children. Coping with stress will make you, the people you care about, and ...

A coalition made up of the American Institute of CPAs (AICPA), the International Franchise Association (IFA) and two leading payroll processing companies, Paychex and Intuit, issued the following open letter to President Donald J. Trump, U.S. Treasury Sec

On Saturday morning, the Treasury Department and Internal Revenue Service followed up with an official press release that the federal income tax filing due date is automatically extended from April 15, 2020, to July 15, 2020.

As the coronavirus disease (COVID-19) outbreak continues to impact people around the world, many professionals have questions and concerns about how to navigate these uncertain times as a tax and accounting practice.

The Internal Revenue Service has announced that it is closing its in-person assistance offices as part of the government's efforts to prevent the spread of coronavirus.

The Treasury Department and IRS have announced that the income tax filing deadline has now been extended to July 15, 2020. Earlier this week, Secretary Mnuchin announced the extension of the payment deadline, but did not change the filing deadline