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IRS Q&A About Extended Filing and Payment Deadlines

Yesterday the IRS issued a set of answers to frequently asked questions (“Q&A’s”) to further clarify the relief granted to taxpayers due to the ongoing COVID-19 pandemic.  On March 20, 2020, the IRS issued Notice 2020-18 which provides for an automatic 90-day extension (to July 15, 2020) of the filing and payment deadline for all Federal income tax returns and payments previously due on April 15, 2020.  Notice 2020-18 supersedes […]

March 25, 2020

Tax Issues Addressed by COVID-19 Emergency Legislation and Government Proposals

Summary In response to the COVID-19 crisis, government officials in Washington DC have taken a number of actions related to the economic effects of the crisis including legislation, regulatory action, and government agency action.  The immediate focus has been on immediate, “crisis-specific” proposals, but there will also be discussion of longer-term actions that will be necessary to deal with the economic consequences of the virus crisis. Prior to the crisis, […]

March 20, 2020

RPA, DLT, ML, and AI: The New Normal in the Tax Function

This article originally appeared in the March/April issue of TEI’s Tax Executive The Expert: Anli Chen As recently as five years ago, technologies such as robotic process automation (RPA), distributed ledger technology (DLT), machine learning (ML), and artificial intelligence (AI) were mere technology buzzwords for most tax professionals. Now, rarely do you see an organization that is not incorporating these technologies into its strategic plan for the new decade. This […]

March 17, 2020