Macroeconomics: Latest News, Top Stories & Analysis

WASHINGTON, D.C. — The Internal Revenue Service recently announced that interest rates will remain the same for the calendar quarter beginning October 1, 2020. The rates will be:

IRS Issues Proposed Regulations for TCJA’s Simplified Tax Accounting Rules for Small Businesses

August 2, 2020August 2, 2020 - by MyChesCo

WASHINGTON, D.C. — The Internal Revenue Service recently issued proposed regulations (PDF) updating various tax accounting regulations to adopt the simplified tax accounting rules for small businesses under the Tax Cuts …