AICPA CEO Says IRS Must Extend Tax Filing Deadline (CPA Practice Advisor) - The American Institute of CPAsâ (AICPA) president and CEO, Barry Melancon, CPA, made the following statement in response to the Treasuryâs recent statement on tax payment relief:
MORE HEADLINES
New Email Scam Targets Tax Pros Warning Their EFINs Will Be Suspended (Accounting Today) - The phishing email claims the tax preparerâs Electronic Filing Identification Number has been placed on temporary hold and warns the EFIN will be suspended unless the recipient opens an embedded document and confirms or denies they submitted the Form 1040. The embedded â1040â document likely contains malware.
Tax Credits Included in Coronavirus Paid Leave Law (Kiplinger) - The Families First Coronavirus Response Act creates tax credits to help employers required to provide sick and family leave benefits and self-employed people who can't work because of the coronavirus.