Income Tax

May 14, 2020

Can Employees Change Their Health FSA Elections Midyear If Elective Surgery Is Postponed Due to the COVID-19 Pandemic?

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 […]
July 1, 2020

Don’t Forget About Your 2019 Tax Return

Earlier this year, in response to the novel coronavirus (COVID-19) crisis, the IRS postponed numerous federal tax filing and payment deadlines. If you took advantage of […]
August 26, 2020

IRS Sent Incorrect Form 941 Failure-to-Deposit Notice

On its website, IRS has announced that it recently sent, in error, notices stating that there was a failure-to-deposit penalty applicable to Form 941, to employers that […]
January 3, 2022

Commission Fraud: When Salespeople Get Paid More Than They’ve Earned

Commission Fraud: When Salespeople Get Paid More Than They’ve Earned Many employees — from retail workers to sales staffers involved in complex business-to-business transactions — receive […]