2020, Shutdown and Tax Refunds

IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

PYMNTS

JUNE 29, 2020

Audits of partnership tax returns dropped by 79 percent, while employment tax return examinations fell 42 percent over the same timeframes. The news comes as tax refund season has evolved into a nightmare for the IRS that reportedly has entire storage units with refund requests that have not been opened amid the pandemic.

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Audit IRS Tax Refunds Returns

Coronavirus Update: Factory Workers Sent Home Unpaid In Bangladesh; Banks Vow To Keep Staff Employed

PYMNTS

MARCH 27, 2020

Bangladesh is sending law enforcement and military to police a shutdown to slow the coronavirus proliferation. Morgan Stanley CEO James Gorman said in a memo, according to the outlet, “While long term we can’t be sure how this will play out, we want to commit to you that there will not be a reduction in force at Morgan Stanley in 2020.

Tax Refunds

Tax Refunds Law Enforcement Shutdown Treasury

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IRS Corporate Audits Drop 71 Pct, Individual Audits Fall 65 Pct

Coronavirus Update: Factory Workers Sent Home Unpaid In Bangladesh; Banks Vow To Keep Staff Employed

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