Coronavirus Resource Hub
Get the latest tax and accounting news straight to your inbox and stay up-to-date on the issues affecting your organization
The IRS is experiencing delays regarding third-party authorizations. Recording information about third parties appointed under a power of attorney into its Centralized Authorization File (CAF)…
Read More >
The IRS released updated FAQs on employers deferring the deposit and payment of the employer’s share of Social Security taxes and self-employed individuals to defer…
Read More >
The IRS released Notice 2020-58 which provides relief to taxpayers in satisfying the substantial rehabilitation test due to the Coronavirus pandemic. In order to qualify…
Read More >
The IRS is implementing temporary procedures for fax transmission of the duplicate copy of Form 3115, Application for Change in Accounting Method. The IRS will begin accepting…
Read More >
The IRS released new FAQs for taxpayers on suspended installment agreements. Taxpayers with an existing installment agreement/payment plan with payments due between April 1 and…
Read More >
The IRS and Treasury Department issued temporary and proposed regulations to reconcile advance payments of refundable employment tax credits provided under the Families First Coronavirus…
Read More >
Even though the tax deadline has passed, you still need to be aware of ongoing tax scams, including Coronavirus-related schemes. The IRS released its annual…
Read More >
Not-for-profit organizations can now apply for loans under the Main Street Lending Program. Previously only available to for-profit businesses with more than 100 employees, the…
Read More >
If you missed the July 15 tax deadline without requesting an extension to October 15, the IRS is reminding taxpayers to file as soon as…
Read More >
In March, the IRS extended the deadlines for pre-approved defined benefit plan actions for employers due to the Coronavirus pandemic. The IRS extended the following…
Read More >