COVID-19

The federal government’s efforts to relieve some of the financial pain brought on by the COVID-19 pandemic includes passage of the CARES (Coronavirus Aid, Relief, and Economic Security) Act, which was signed into law by the president today. Like many pieces of federal legislation, the Act is a massive document with a lot to digest, … Continued

Below is a summary of IRS action already taken and federal tax legislation already enacted to ease tax compliance burdens and economic pain caused by COVID-19 (commonly referred to as coronavirus). We’ll post summaries of additional developments as they take place. Filing and payment deadlines deferred After briefly offering more limited relief, the IRS almost … Continued