BREAKING NEWS.Institute of Management Accountants (IMA) just announced their response to the outbreak of COVID-19 in light of recent news of Prometric testing centure closures. In an email distributed to CMA candidates on March 19th, Dennis Whitney, CMA, Senior Vice President of ICMA wrote that they would be lengthening the upcoming CMA Exam testing window […]
Displaying: March 2020
Form 1040 Filing Date Not Extended
Treasury Secretary Steven Mnuchin stated at a press conference on March 17, 2020 that the payment deadline would be extended 90 days from April 15, 2020. His comments did not alter the Form 1040 filing deadline of April 15, 2020. Individuals can defer up to $1M, and corporations are able to defer up to $10M […]
Non-Filers Beware
The IRS recently announced a renewed focus on non-filers by way of Information Release 2020-34 and Fact Sheet 2020-2. Both were issued on February 19, 2020 and warn of the IRS increasing face-to-face visits with high-income taxpayers who have not filed tax returns in 2018 or previous years. The IRS has hired additional enforcement personnel […]