Accounting Newswatch
IRS Warns Public on COVID-19 Scams
02 Apr 2020 00:58:03 UT
The Internal Revenue Service (IRS) is warning the public not to fall victim to a COVID-19 scam. The IRS said scammers are trying to get personal information or COVID-19 Economic Impact payments. ...
5 IRS Penalties You Want to Avoid
02 Apr 2020 00:52:02 UT
Learn the five most common IRS penalties and how to avoid them. UPDATE: The Treasury recently announced tax changes and updates in response to COVID-19, updates include an extension of the first...
IRS Announcement on Economic Impact Payments to Taxpayers
02 Apr 2020 00:26:55 UT
The Internal Revenue Service today announced that distribution of economic impact payments will begin in the next three weeks and will be distributed automatically, with no action required for most...
FASB Plan to Address Standard-Setting Issues During the Coronavirus (COVID-19) Pandemic
02 Apr 2020 00:15:42 UT
FASB Plan to Address Standard-Setting Issues During the Coronavirus (COVID-19) Pandemic Norwalk, CT, April 1, 2020 —The Financial Accounting Standards Board ( FASB ) shares global concerns about...
Message To U.S. Citizens:  IRS COVID-19 Economic Impact Payments
01 Apr 2020 23:47:48 UT
April 1st, 2020 The Treasury Department and the Internal Revenue Service announced on March 30, 2020 that distribution of economic impact payments will begin in the next three weeks and will be...
IRS: Beware of scammers trying to steal fed relief checks
01 Apr 2020 23:36:48 UT
PALMDALE – With households throughout California and the rest of the country slated to receive federal stimulus checks this month, the Internal Revenue Service is warning recipients to be alert to...
IRS publishes Employee Retention Credit FAQ
01 Apr 2020 23:13:03 UT
Washington — The Internal Revenue Service has published an FAQ on the Employee Retention Credit in regards to the Coronavirus Aid, Relief, and Economic Security Act. This CARES Act credit was...
IRS issues more details on $1,200 relief payments, but questions remain
01 Apr 2020 23:12:31 UT
People who don’t normally file a tax return will have to file one to get those $1,200 “economic impact payments,” but the IRS says it’s working on a way they can file a “simple” return. The...
IRS Guidance Enables Employers to Immediately Access Tax Credits Under Coronavirus Relief Legislation (US)
01 Apr 2020 23:03:27 UT
Tax credits may be available to employers who are required to pay additional wages to employees under the Families First Coronavirus Response Act (the “FFCRA”).  Specifically, tax credits may be...
IRS Announces Relief from Failure to Deposit Employment Taxes
01 Apr 2020 23:02:37 UT
The recently enacted Families First Act and CARES Act authorize refundable tax credits for employers paying qualified leave wages or qualified retention wages under the Acts.  In Notice 2020-22, the...

rssfeedwidget.com