The Internal Revenue Service plans to mail out letters later this month to an estimated 9 million non-filers, encouraging them to claim their economic impact payments by an Oct. 15 deadline. IRS faulted on access for taxpayer reps and ID theft exposure | By Michael Cohn 4 min read | The Internal Revenue Service needs to improve how it handles third-party requests for access to taxpayer information and electronic signatures from representatives such as CPAs, enrolled agents and attorneys that could leave taxpayers at risk of identity theft, according to a new report. | | Stimulus vote to test Republican unity under election pressures | By Steven T. Dennis, Laura Litvan and Erik Wasson 4 min read | Senate leaders will be trying to hold their parties together for a vote Thursday to advance a slimmed-down stimulus bill that Democrats have already rejected, with both sides jockeying for advantage in public perceptions two months before the election. | |
In the blogs: Daring adventures | By Jeff Stimpson 3 min read | Deferring payroll taxes; another way to track EIPs; managing needy clients; and other highlights from our favorite tax bloggers. | |
Democrats move to stop payroll tax deferral | By Michael Cohn 5 min read | Democrats on the tax-writing House Ways and Means Committee introduced a bill to overturn President Trump’s executive action to defer payroll tax contributions, along with a resolution of disapproval that’s being coordinated with Democrats in the Senate. | | WEB SEMINAR | Meet the 2020 Best Firms to Work For | Accounting Today and ADP® will reveal our annual ranking of the top workplaces in the accounting profession during this live webinar. | |
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