IRS introduces new tool for taxpayers to track stimulus payments

The Internal Revenue Service announced new tool Get My Payment, enabling taxpayers to check on their Economic Impact Payment date and update direct deposit information. Original Article Posted at : https://www.accountingtoday.com/news/irs-introduces-new-tool-for-taxpayers-to-track-economic-impact-payments

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IRS braces for onslaught of coronavirus stimulus scams

The Internal Revenue Service is bracing for another epidemic — scammers trying to get their hands on the $1,200 payments being sent out to millions of Americans to bolster the economy. Original Article Posted at : https://www.accountingtoday.com/articles/irs-braces-for-onslaught-of-coronavirus-stimulus-scams

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Can States Close Budget Deficits with Excise Tax Hikes?

Key Findings: The coronavirus pandemic affects almost every source of state revenue, and with the duration unknown, predicting economic outcomes will be difficult. Social distancing, stay-at-home-orders, and quarantines make the resulting recession fundamentally unique. Hospitality, leisure, and travel could be among the hardest hit industries. As a result, excise taxes and fees on air travel…

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