Coronavirus Outbreak

TAX VIRUS BRIEFING: Tax Pros’ Stressed Season, No New Relief (1)

Sept. 11, 2020, 5:04 PM; Updated: Sept. 12, 2020, 12:16 PM

The week brought no good news to anyone looking for Congress to get together on more pandemic relief. For tax and payroll professionals and their clients, the uncertainty piles more stress on a strangely intense and prolonged tax season.

Catch up on the ways the coronavirus outbreak continues to change the world.

The House announced Friday it won’t take part in President Donald Trump’s payroll tax deferral, the latest response to the president’s August directive that was billed as Covid-19 relief for workers.

Businesses and employees haven’t embraced it, though, and IRS guidance earlier this...

To read the full article log in.