On Thursday May 28, 2020, the IRS released Notice 2020-35 which extended the filing date for Form 5498-IRA Contribution Information, Form 5498-ESA-Coverdell ESA Contribution Information, and Form 5498-SA-HSA, Archer MSA, ...
The IRS released Revenue Procedure 2020-32 on May 20, 2020 announcing the cost-of-living adjustments (COLAs) applicable to health savings accounts (HSAs) for the calendar year 2021. The changes include an ...
On May 4, 2020, the IRS posted Coronavirus-related relief for retirement plans and IRAs FAQs. The Coronavirus Aid, Relief, and Economic Security Act (CARES Act), enacted on March 27, 2020, ...
On April 10, 2020, the IRS issued Notice 2020-23 that postponed numerous time-sensitive acts – many of which are IRA related. Included in this list of time-sensitive acts are IRA ...
On Thursday April 9, 2020, the IRS issued Notice 2020-23 providing expanded coronavirus relief including IRA rollovers. The rollover relief provides increased flexibility for IRA owners looking to complete a ...
The IRS posted FAQs on their website related to the relief provided late last week in Notice 2020-18 regarding the July 15, 2020 tax filing and payment deadline. These FAQs ...
Today the House of Representatives passed the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). The CARES Act includes several provisions that will directly impact many IRA/HSA owners and ...
President Trump signed the massive $2 trillion federal stimulus package, the Coronavirus Aid, Relief and Economic Security Act (CARES Act) bill into law. His signature came just hours after the ...
The IRS posted an updated Publication 560 relative to Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans) for use in preparing 2019 returns. The ‘What’s New’ section highlights ...
The IRS posted an updated Publication 969 relative to Health Savings Accounts and Other Tax-Favored Health Plans for use in preparing 2019 returns. The “What’s New” section outlines that the ...