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Trump Signs $2 Trillion Bipartisan CARES Act
President Trump on March 27 signed the $2 trillion bipartisan
Coronavirus Aid, Relief, and Economic Security (CARES) Act
( P.L. 116-136). The House approved the historically large
emergency relie...
Due Dates Extended for Additional Filings and Payment Obligations
The Treasury Department and IRS have provided a notice with
additional relief for taxpayers, postponing until July 15, 2020, a
variety of tax form filings and payment obligations that are due
between ...
“Get My Payment” Tool Available for Economic Impact Payments
synopsisThe Treasury Department and the IRS have released
the "Get My Payment" tool to assist Americans in
receiving their “economic impact payments” issued under the
bipartisan ...
Guidance on NOL Carryback Under CARES Act
The IRS has issued guidance providing administrative relief under
the Coronavirus Aid, Relief and Economic Security (CARES) Act
( P.L. 116-136) for taxpayers with net operating losses
(NOLs)....
IRS Allows Temporary Filing by Fax for Forms 1139 and 1045
The IRS is allowing taxpayers to file by fax Form 1139,
Corporation Application for Tentative Refund, and Form 1045,
Application for Tentative Refund, for certain coronavirus relief, a
senio...
BBA Partnerships Can Amend Returns for CARES Benefits
The IRS has set forth rules for BBA partnerships to file amended
returns to immediately get benefits under the Coronavirus Aid,
Relief, and Economic Security (CARES) Act ( P.L.
116-136). "BB...
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