In coordination with state CPA societies, the AICPA continually reaching out to Treasury, the IRS, and members of Congress urging for immediate assistance.
We also encourage you to refer to our member resources to help you manage clients’ needs and your business at this time:
- On March 11, the AICPA called for the Treasury Department and the IRS to provide relief to all taxpayers in light of the uncertainty and challenges caused by the spread of the Coronavirus (press release).
- The IRS has provided more information on what a national emergency may mean for taxpayers and tax practitioners: IRS Resource Guide on Disaster Assistance and Emergency Relief Program.
- U.S. states are providing tax filing relief for individuals and businesses. The AICPA has compiled the latest developments on state tax filings related to the Coronavirus (more here).
- CPAs’ clients may need assistance with their tax returns and business affairs during this filing season’s uncertainty. Access AICPA guidance and tools.
- Casualty loss and disaster relief resources are also available (more here).
In response to the coronavirus outbreak, President Trump has evoked the Stafford Act. Here’s what that means for you and your clients. We’re expected additional updates within the next few hours.
Finally, please continue to visit our AICPA Coronavirus Resource Center for frequent updates, where we will post information from the IRS as we receive it.