IRS Closes Assistance Centers
The agency has shut down all Taxpayer Assistance Centers and discontinued face-to-face service throughout the country until further notice.…
Treasury Announces Tax Credits for Virus-Hit Businesses
The Treasury Department, along with the IRS and the U.S. Department of Labor, have unveiled a package of tax credits for small and midsize employers can use to “immediately and fully” reimburse them, dollar-for-dollar, for the cost of providing Coronavirus-related leave to employees.…
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Treasury Secretary Mnuchin Announces New Filing Deadline
Treasury Secretary Steven Mnuchin announced on Twitter that taxpayers now have an additional 90 days to file their tax returns.…
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COVID-19 Causes Delay of Tax Payment Deadline
COVID-19 has disrupted daily life for taxpayers across the country. Whether due to school closures or businesses shutting down, change is the one thing that feels inevitable.…
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IRS Ruling Lets High-Deductible Health Plans Cover Coronavirus Costs
With the United States beginning to feel the effects of the coronavirus pandemic, many taxpayers will have to confront another harsh reality: how to pay for the advanced medical care that could be needed to save their lives.…
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Ways and Means to IRS: Will COVID-19 Delay Filing Deadline?
The House Ways and Means Committee yesterday sent a letter to the Internal Revenue Service to ask whether the April 15 deadline should be extended due to concerns about the coronavirus.…
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