As the federal government continues to look for ways to help the country through this unprecedented health and economic crisis, there have been several pieces of legislation that have passed, with more being proposed. Most notable were the Coronavirus Aid, Relief and Economic ...
and the tax relief measures to businesses.ATAF administered three surveys on its member tax administrations to gauge the tax administration and policy responses to COVID-19,assess the customs revenue losses,and evaluate the tax administrations' preparedness on business continuity and risk management....
Time is running out for millions of people to claim their COVID relief checks. Based on IRS and Treasury data, there could be between 9 and 10 million people who have not yet received their payments. Qualified Americans with little or no income and are not required to pay ...
Responding to concerns from state officials, the U.S. Treasury Department said Wednesday that states cancut taxes without penaltyunder anew federal pandemic relief law— so long as they use their own funds to offset those cuts. Republican governors, lawmakers and attorneys general hav...
As Qu pointed out, to finance its relief package, the U.S. government will basically issue an IOU to the market and the rest of the world to borrow money. It will then pay this back with income from taxes and other sources over the next several years. "So th...
A federal judge permanently blocked the U.S. Treasury Department from trying to recover any pandemic relief funds from Texas, Louisiana or Mississippi if those states use the aid to offset state tax revenue shortfalls.
The House voted overwhelmingly Mondayto increase COVID-19 relief checks to $2,000, meeting President Donald Trump’s demand for bigger payments and sending the bill to the GOP-controlled Senate, where the outcome is highly uncertain, T...
This guide explains the stimulus and relief efforts undertaken by the U.S. government during the COVID-19 crisis. Learn more about the support for business and employment.
September 3, 2022 9:16am EDT San Jose seafood restaurant owner charged with bilking $3.5M from COVID relief funds A federal grand jury has indicted a San Jose restaurant owner with bilking $3.5 million in federal COVID-19 relief funds and spending it to refinance his home, buy a Lexus...
No one likes doing their taxes. But there is very good reason for everyone to file a federal tax return this year, even if your 2020 income was so low that the IRS doesn’t require you to file. You could get back more money than you think, or at least lower yourtax bill. A ...