Superseding returns; tax law vs. facts; IRS reopening continues; and other highlights from our favorite tax bloggers. | | | Add your voice to this month's Accountants Confidence Index (ACI) | | Your participation helps us provide you and your peers with timely business data and information on economic conditions. To thank you, for every complete Accounting Today's parent company Arizent will donate to Direct Relief to support the nonprofit's ongoing work during the crisis. | |
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| Trump says he’ll ask Congress for extra economic stimulus | | By Mario Parker, Erik Wasson and Saleha Mohsin 4 min read | | President Donald Trump said he’ll ask Congress to pass more economic stimulus, including a payroll tax cut, even after the government reported a surprise improvement in U.S. unemployment on Friday. | |
| AAFCPAs acquires Goffstein | | By Michael Cohn 2 min read | | The Regional Leader firm is expanding its international tax expertise in Massachusetts. | |
| In the blogs: A way forward | | By Jeff Stimpson 2 min read | | Stimulus vs. trash; donating and deducting services; the schedule of automated notices; and other highlights from our favorite tax bloggers. | |
| NOL provisions in CARES Act could spur M&A activity | | By Michael Cohn 11 min read | | The CARES Act included several provisions allowing companies to claim net operating losses for past tax years, temporarily reversing some of the limitations in the Tax Cuts and Jobs Act. | |
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