The service reminded taxpayers they will need to resume paying their taxes on July 15, but the AICPA is asking for further relief, as an inspector general report sheds light on the unprecedented filing season.
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IRS Watch
July 15, 2020
Upcoming Events July 15, 2020
IRS to start collecting overdue tax payments as AICPA urges continued relief
By Michael Cohn      8 min read
The service reminded taxpayers they will need to resume paying their taxes on July 15, but the AICPA is asking for further relief, as an inspector general report sheds light on the unprecedented filing season.
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What is the "new normal" for engaging customers in the wake of COVID-19?
COVID-19 has disrupted the way customers interact with businesses, forcing companies to find new ways to best serve their needs. When you complete our confidential survey to help us understand the extent of the expected disruption in your customer interactions during the pandemic — and how your business is responding — we will donate to Direct Relief.
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Meet the 1099-NEC
By Lindsey West     3 min read
Box 7 on the 1099-MISC is moving to its own form in January 2021, and companies need to be ready.
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IRS needs better control over employee pseudonyms
By Michael Cohn     4 min read
The controls over the pseudonym program used by Internal Revenue Service employees to protect their identities could be improved, according to a recent report.
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The IRS is ‘back to its new normal’
By Roger Russell     3 min read
NCCPAP’s Stephen Mankowski offers an update on how the service is handling the pandemic.
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IRS previews changes in partnership forms for next year
By Michael Cohn     3 min read
The proposed drafts aim to provide more clarity for partners on how to figure their U.S. income tax liability.
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New guidance on reporting sick and family leave wages for coronavirus relief
By Michael Cohn     2 min read
The Internal Revenue Service and the Treasury Department provided guidance to employers requiring them to report the amount of qualified sick and family leave wages they have paid to their employees under the Families First Coronavirus Response Act on Form W-2.
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Tax Fraud Blotter: Laundry day
By Jeff Stimpson     5 min read
Sentence stayed; stealing on multiple levels; the loot you took; and other highlights of recent tax cases.
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Extended, stressful tax season finally coming to an end
By Michael Cohn     4 min read
The tax deadline is coming Wednesday after tax season was extended by three months to give taxpayers and preparers more time to deal with the novel coronavirus pandemic, but many of them will be dealing with extensions and amended returns in the months ahead.
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