Even as they still have to deal with tax season, the service is tasked with handling much of the stimulus packages. | Coronavirus: Stay up to date | Accounting Today has compiled in one place all its coverage of the pandemic, how it's affecting the industry, and what you need to know going forward. | |
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| | AICPA highlights tax filing shortcomings related to coronavirus relief | By Michael Cohn 3 min read | The American Institute of CPAs has posted a set of frequently asked questions and answers aimed at helping CPAs and their clients with tax filing and tax relief in response to the novel coronavirus pandemic, while pointing out the various shortcomings in the federal government’s response. | |
Billions in stimulus cash from coronavirus: Who gets it and how to get access | By Steven T. Dennis, Laura Davison and Mike Dorning 6 min read | This is normally the time of year when the federal government is collecting taxes due, but the devastating coronavirus now has the U.S. trying to rapidly dole out hundreds of billions of dollars in aid and tax breaks to businesses large and small. | | IRS extends more tax deadlines due to coronavirus | By Michael Cohn 3 min read | The Internal Revenue Service and the Treasury Department are extending a number of tax deadlines for individuals, trusts, estates, corporations and others due to the impact of the novel coronavirus. | |
In the blogs: Fretting | By Jeff Stimpson 2 min read | The PPP; customer service now; answers and CARES; and other highlights from our favorite tax bloggers. | | |