Stay up-to-date with Salazar CPA and all the latest financial news.
July 1, 2020
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 […]
June 30, 2020
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 […]
June 5, 2020
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 […]
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 […]
May 7, 2020
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 […]