The Internal Revenue Service and the Treasury Department have reversed course on requiring senior citizens to file a “simple tax return” in order to receive a stimulus payment as part of the coronavirus package passed by Congress last week. | IRS warns of coronavirus-related tax scams → | | By Michael Cohn 4 min read | | The Internal Revenue Service issued a warning urging taxpayers to beware of scammers calling and emailing them about the stimulus payments they are expecting as a result of last week’s CARES Act. | |
| GASB releases guidance on LIBOR transition → | | By Michael Cohn 2 min read | | The Governmental Accounting Standards Board published guidance to help state and local governments transition move to newer reference rates that are less prone to market manipulation. | |
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