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How to fix tax deadline changes in CCH Axcess & ProSystem fx Tax

Update: CCH sent out an update on Monday 3/23/2020 with a correction to the fiduciary section. The fiduciary estimate cannot be changed at this time and needs to be done in Word. The instructions below are updated to match their corrected instructions I’m throwing this post out into the internet to help fellow tax professionals

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It’s official, the IRS extends tax returns due April 15, 2020

What a crazy week we’ve had in the tax world. I’ve been trying to stay on top of the developing situation and even I find myself trying to remember what is the most current status of the tax deadlines. Here’s some help if you’re in the same boat. On the afternoon of Friday, March 20,

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Mnuchin annouces tax deadline extension

Update March 21, 2020:The IRS released Notice 2020-18 on the evening of March 20, 2020 and I have a new post about that notice. It is the IRS’s interpretation and formal guidance on the Twitter tweet from Secretary Mnuchin. There isn’t a formal announcement yet, but Treasury Secretary Mnuchin announced via Twitter this morning (3/20/2020)

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IRS releases formal guidance for taxpayers affected by Coronavirus and COVID-19

Update March 21, 2020:The IRS released Notice 2020-18 on the evening of March 20, 2020 and I have a new post about that notice. Notice 2020-18 extends the time to file and to pay your taxes from April 15, 2020 until July 15, 2020. Well, we’ve been waiting for the IRS to give us formal

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IRS could extend April 15, 2020 deadline due to Coronavirus

Update March 21, 2020:The IRS released Notice 2020-18 on the evening of March 20, 2020 and I have a new post about that notice. Notice 2020-18 extends the time to file and to pay your taxes from April 15, 2020 until July 15, 2020. The New York Times and Wall Street Journal are reporting today,

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IRS increases retirement savings contribution limits for 2020

Every year the IRS releases inflation adjustments to amounts used in tax policy. One of these adjustments is the amount that can be contributed to retirement savings accounts. Here is your comparison of contribution amounts to your retirement accounts for 2019 and 2020. For more details on these saving accounts and amounts, visit the IRS

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