Federal agencies are increasingly sending incorrect benefit payments to Americans, a government watchdog said as the Internal Revenue Service prepares to send more than $292 billion in direct payments to households as part of the government’s coronavirus response.

President Trump says Congress should pass legislation that will allow businesses to deduct expenses on meals and entertainment on their taxes to help the restaurant industry during the coronavirus pandemic.

The IRS has issued a FAQ page for small- and mid-size businesses trying to navigate paid sick and family leave tax credit during the coronavirus outbreak.

Retirement account holders impacted by the novel coronavirus can withdraw $100,000 with few restrictions thanks to the bipartisan relief package signed into law last week.

Insurance companies have new guidance on how to compute life insurance reserves.

Pushing the tax payment deadline back to July 15 means states won’t get revenue they were counting on in the current fiscal year which, for most, ends June 30.

A class-action claiming that the promoters of syndicated conservation easements knew from the outset that their deals violated tax laws is a new legal avenue for aggrieved investors as the Internal Revenue Service and the Justice Department grind through their own crackdowns.

Investors seeking a set of capital gains tax breaks want the IRS and Treasury Department to extend key deadlines for the incentives as the Covid-19 pandemic slows down their developments.

The IRS’s latest enforcement push against small insurance companies seen as tax shelters comes as businesses, including insurers, deal with the economic fallout of the coronavirus pandemic.