financial news


Stay up-to-date with Salazar CPA and all the latest financial news.

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 […]
June 30, 2020

IRS Explains Economic Impact Payment Tax Implications – Federal Tax Update

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

Protecting Yourself From Opportunistic Fraud

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

Guidance on CARES Act Distribution and Loan Relief Expected to Resemble Hurricane Katrina Notice

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 […]