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Treasury Dept. announces 90-day delay in tax payment deadline
In a press conference on Tuesday, Treasury Secretary Steven Mnuchin announced that individuals and corporations can delay their tax payments for 90 days due to the coronavirus pandemic. Individuals can defer up to $1 million in payments for 90 days from the April 15 deadline. Corporations can defer up to $10 million in payments for 90 days. During that time, the IRS will not charge interest or penalties.
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ARCPA Supports New Coalition to Protect Professional Licensing
Arkansas CPAs, Boards of Accountancy and Others Unite to Maintain Public Protection as Licensing Standards Put at Risk
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IRS Launches New Tax Withholding Estimator
The Internal Revenue Service has launched the new Tax Withholding Estimator, an expanded, mobile-friendly online tool designed to make it easier for everyone to have the right amount of tax withheld during the year.