Can I Buy OTC Medication with FSA, HSA, and HRA Funds?
The CARES Act removes an ACA limitation on using FSA, HSA, and HRA funds to pay for over-the-counter medication.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
88 Million EIPs Go Out
The U.S. Treasury Department and the Internal Revenue Service say they’ve delivered 88 million stimulus payments to taxpayers during the first three weeks of the program.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS Outlines Tax Relief for Individual, Business Travel Disrupted by COVID-19
The Internal Revenue Service yesterday published a release outlining tax-relief measures that the agency is taking for individuals and businesses whose tax residency could be affected by coronavirus-related travel restrictions.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
IRS EIP Webinar Postponed
The IRS announced that today’s “Economic Impact Payment Discussion” webinar has been postponed.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
New Tax Year, Same Client Mistakes
Accounting Today highlights a number of recurring client mistakes.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…
EIP Alert: April 22 Deadline for SSA and RRB Beneficiaries with Dependents
Social Security Administration (SSA) and Railroad Retirement Board (RRB) beneficiaries with dependents need to report that information to the IRS before April 22 at noon to receive $500 for each qualifying child at the same time as their $1,200 EIP.… Read more (Feed generated with FetchRSS) – Story provided by TaxingSubjects.com…