The Internal Revenue Service released information on how employees now have until the end of the year to repay any payroll taxes they deferred from last year.
The Internal Revenue Service and the Treasury Department released guidance on claiming deductions for expenses associated with Paycheck Protection Program loans that have been forgiven.
The American Institute of CPAs has joined with over 560 business and trade organizations in urging Congress to pass legislation.
The top Republican and Democrat on the Senate Finance Committee said the Treasury Department “missed the mark” in new guidance that limits tax breaks for businesses that get their Paycheck Protection Program loans forgiven.
The Internal Revenue Service issued guidelines Wednesday scaling back a tax break for client entertainment, following through on an element of President Donald Trump’s 2017 tax overhaul that he has said he wants to reverse amid the virus pandemic.
Under the proposed regulations, amounts paid for DPC arrangements and HCSMs are treated as deductible medical expenses.
The Internal Revenue Service issued some eagerly anticipated guidance on President Trump's executive order.
The American Institute of CPAs has sent a letter to top officials asking for more guidance on the president's executive order.
The Internal Revenue Service is giving extra time to companies that make and sell sport fishing and archery equipment to file and pay their excise taxes due to the novel coronavirus pandemic.
The service released the final regulations and other guidance on the deduction, which was amended by the CARES Act.