The IRS has issued FAQs regarding the retirement plan distribution and loan relief in § 2202 of the Coronavirus Aid, Relief, and Economic Security Act (CARES […]
QUESTION: One of our employees elected to contribute $2,500 to his health FSA for 2020 to cover the expense of anticipated elective surgery. Due to the […]
The novel coronavirus (COVID-19) crisis has spurred much confusion and unprecedented economic challenges. It has also created ample opportunities for dishonest individuals and criminal organizations to […]
In e-News for Tax Professionals, the IRS has explained the tax implications of receiving an economic impact payment (EIP). Background: As part of the CARES Act, IRS […]