The Internal Revenue Service should make more of a priority of going after tax preparers who haven’t filed their own tax returns or paid their tax liabilities and penalties, according to a new report. | | | How are companies navigating the return to work? | | Work hasn’t stopped but it certainly has changed as companies navigate new business conditions resulting from the coronavirus pandemic. When you complete our confidential survey to help us understand if, how, and when businesses will resume normal activities and work routines, we will donate $10 to Direct Relief. | |
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| IRS extends dates on balance due notices amid coronavirus | | By Michael Cohn 3 min read | | The Internal Revenue Service is extending the due dates on its balance due notices because it wasn’t able to mail out the preprinted letters to taxpayers due to office closures during the ongoing COVID-19 pandemic. | |
| Tax Fraud Blotter: Bad Lux | | By Jeff Stimpson 4 min read | | Disunion; $13K in cigars; ‘til theft do us part; and other highlights of recent tax cases. | |
| IRS warns of coronavirus-related tax schemes | | By Michael Cohn 3 min read | | The Internal Revenue Service is warning taxpayers and tax professionals once again to beware of tax fraud and other related financial scams related to the COVID-19 pandemic. | |
| SPONSOR CONTENT | | Lease accounting | | A panel of experts shares best practices and warnings when implementing the complex new standards on lease accounting. | |
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