IRS Implements New Signature Policy due to COVID-19

IRS Implements New Signature Policy due to COVID-19

COVID-19 has disrupted life for Americans across the country, and as we’ve seen in recent weeks, the tax industry is not immune to change. To limit the number of physical documents handled by IRS employees, the IRS announced that it has adjusted its policy regarding...
Economic Impact Payments: The Facts

Economic Impact Payments: The Facts

Distribution of the federal government’s economic impact payments, meant to counter the economic effects of the coronavirus pandemic in the U.S., is scheduled to start in the coming weeks, according to the U.S. Treasury Department. No action is required on the part of...
IRS Releases “People First” Initiative

IRS Releases “People First” Initiative

As taxpayers face multiple challenges posed by the COVID-19 outbreak, the IRS has unveiled a large series of steps providing relief on a number of fronts, ranging from easing payment guidelines to postponing compliance actions. “The IRS is taking extraordinary...
Tax Industry Warns of Stimulus Payment Scams

Tax Industry Warns of Stimulus Payment Scams

Do not respond to phone calls or emails asking for information or payments to process your stimulus check! The ink hasn’t dried on the $2 trillion Coronavirus Aid, Relief, and Economic Security (CARES) Act passed by Congress this week, but the tax industry is...
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