The 2020 tax filing season is delayed until February 12, so the Internal Revenue Service can do additional programming and testing following the December tax law changes. “If filing season were opened without the correct programming in place, then there could be a delay in issuing refunds to taxpayers,” the Internal Revenue Service said in […]
Congress is scrambling to piece together another relief package before the end of the year that would, if some legislators have their say, include a second economic stimulus check for individuals and families who meet the requirements. Sen. Bernie Sanders, an independent, and Sen. Josh Hawley, a Republican, are looking to modify a $908 billion […]
2020 is over, and for many of you, it can’t end soon enough. There will be plenty of time to celebrate the end of one year and to hope for better days in the one ahead. But before we get to that, take these steps to get financially ready for 2021. 1) Review your goals: The end of […]
Taken together, recent separate emergency actions by Treasury and Congress will defer an estimated $800 billion of payroll and income tax payments. These postponements are automatic, and the amounts postponed are unlimited. These deferrals of tax, approximately equal to 3.5 percent of GDP, are in effect interest-free loans to taxpayers. They will provide much-needed cash […]
Tax and legal professionals today face increasing complexity, risk, and ambiguity as technology, regulatory and business transformation converge. It’s easy to feel overwhelmed by the change and the infinite number of strategic options. But embracing this change is manageable with the right tools and the right partner. Deloitte is helping clients navigate this increasingly complex, […]