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Clients Frustrated With The Stimulus Check Portal? IRS Says Try Again

(Forbes) - Over the last couple of weeks, taxpayers have been routinely frustrated with the Internal Revenue Service (IRS) portal for Economic Impact Payments (EIPs), or stimulus checks. Now, the IRS has announced significant enhancements to the Get My Payment tool.


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The Landscape Is Changing for Business Owners Looking to Exit 
(HBK) - Like most things, the buying and selling of businesses has taken a pause as the nation works its way through the COVID-19 crisis. M&A activity has slowed largely as a result of the considerable difficulty the experts are experiencing in arriving at valuation calculations that both buyers and sellers can agree on.


Treasury, IRS Deliver 8 Million Economic Impact Payments in First Three Weeks 
(IRS) - "The IRS, Treasury and partner agencies are working non-stop to get these payments out in record time to Americans who need them," said IRS Commissioner Chuck Rettig. "Tens of millions of people across the country are receiving these payments, and millions more are on the way.


Virus Lays Bare Corporate Reporting Debate 
(CFO) - In this moment, communication to investors in earnings calls should be more focused on future viability rather than historic profitability.


President Trump Signs $484 Billion Coronavirus Relief Package 
(The Hill) - President Trump on Friday signed legislation providing $484 billion to replenish a popular small business lending program and support hospitals and COVID-19 testing amid the coronavirus pandemic.


Lesson From The Tax Court: Using Legislative History To Clarify Ambiguous Text 
(TaxProf Blog) - Tax Court statutes are difficult to read. Usually that is because they make precise use of complex terms of art. But sometimes the text is hard to follow because of poor drafting


2020 Business Outlook Survey

AccountantsWorld is conducting an important, brief survey about the business outlook in 2020 for both accounting firms and their clients, and we invite all accountants serving SMB clients to participate. Your responses will be kept confidential, but we'll share aggregate results with you in a few weeks to help you gauge your practices and shape your business decisions moving forward.Take our 4-minute survey.


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