Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers. | In the blogs: Unending battles | | By Jeff Stimpson 3 min read | | Trusts and taxes; recovering revenues; advising clients who needed more than three extra months; and other highlights from our favorite tax bloggers. | |
| Trump, GOP look to McConnell to reconcile stimulus disputes | | By Laura Litvan and Erik Wasson 3 min read | | Republicans and the White House are counting on Senate Majority Leader Mitch McConnell reconciling GOP differences with a draft coronavirus relief package that they can take into negotiations with congressional Democrats. | |
| Biden attacks $50B real estate tax break in jab at Trump | | By Patrick Clark, John Gittelsohn and Noah Buhayar 3 min read | | Joe Biden is threatening to eliminate a tax benefit worth billions of dollars to the real estate industry in an attack on President Donald Trump, a property developer who has boasted about using the tax code to his advantage. | |
| Republicans back stimulus checks but payroll tax cut in question | | By Laura Litvan and Erik Wasson 4 min read | | Republicans crafting their own plan for a new U.S. virus-relief bill broadly endorsed a fresh round of stimulus checks to individuals, extended supplemental jobless benefits and more money for testing while voicing doubts over President Donald Trump’s desired payroll tax cut. | |
| IRS Commissioner addresses tax pros on unprecedented tax season | | By Michael Cohn 5 min read | | IRS Commissioner Chuck Rettig expressed his appreciation to tax professionals Tuesday for their cooperation during the extended tax season that was prolonged by the novel coronavirus pandemic and pledged to deliver any future stimulus payments approved by Congress. | |
| WEB SEMINAR | | The tools of CAS | | An online accounting program is usually the core of a modern Client Accounting Services practice — but it’s not the only tool accountants are bringing to bear, and this session will dive into the broad ecosystem of applications they can leverage. | |
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