News from Washington IRS: Maine Taxpayers Impacted by Severe Storms, Flooding Qualify for Tax Relief; Various Deadlines Postponed to July 15The IRS announced tax relief for individuals and businesses in parts of Maine affected by severe storms and flooding that began on January 9, 2024. These taxpayers now have until July 15, 2024, to file […]
News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms, Landslides and Mudslides in Alaska; Various Deadlines Postponed to July 15The Internal Revenue Service announced tax relief for individuals and businesses in the Wrangell Cooperative Association of Alaska Tribal Nation that were affected by severe storms, landslides and mudslides that began on […]
News from Washington Final Fiduciary Rule Goes to OIRA for ReviewThe Department of Labor sent the final version of its retirement security proposal to the Office of Information and Regulatory Affairs at the Office of Management & Budget for review on Friday, March 8, 66 days after the comment period closed on January 2. The […]
News from Washington Why the IRS Doesn’t Believe Your Doctor’s Note for Tax-Free Health ItemsThe IRS says some companies are misleading consumers about what is and is not eligible under the rules of HSAs and FSAs, which allow consumers to use pretax dollars for various health needs. At the heart of the issue are companies […]
News from Washington IRS: San Diego Area Taxpayers Impacted by Severe Storms, Flooding Qualify for Tax Relief; Various Deadlines Postponed to June 17The Internal Revenue Service announced tax relief for individuals and businesses in parts of California affected by severe storms and flooding that began on January 21. These taxpayers now have until June 17, […]
HSA Compliance Corner Do State Mandates Disqualify HSA-Qualified Medical Plans?States have primary responsibility for regulating medical coverage. Unfortunately, their decisions can disqualify enrollees on plans governed by the state from opening and funding an HSA. Federal law regulates the design of HSA-qualified plans and defines which services can be covered in full. Any services that […]
News from Washington States With IRS Tax Deadline ExtensionsTax Day 2024 is April 15. However, each year, the IRS extends tax deadlines for taxpayers in designated areas impacted by severe storms and natural disasters. The new tax deadlines may be different for different states. Here’s a list of states with IRS tax deadline extensions for […]
News from Washington IRS: Maine Taxpayers Impacted by Severe Storms and Flooding Qualify for Tax Relief; Various Deadlines Postponed to June 17The Internal Revenue Service announced tax relief for individuals and businesses in parts of Maine affected by severe storms and flooding that began on December 17, 2023. These taxpayers now have until June 17, […]
News from Washington IRS Announces Tax Relief for Taxpayers Impacted by Severe Storms, Flooding and Tornadoes in Rhode IslandThe Internal Revenue Service announced tax relief for individuals and businesses in parts of Rhode Island affected by severe storms, flooding and tornadoes that began on September 10, 2023. These taxpayers now have until June 17, 2024, […]
News from Washington IRS: Connecticut Taxpayers Impacted by Storms Qualify for Tax Relief; Various Deadlines Postponed to June 17The Internal Revenue Service announced tax relief for individuals and businesses in parts of Connecticut affected by severe storms, flooding and a potential dam breach that began on January 10. These taxpayers now have until June 17, […]