Accounting

The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-flexibility-on-carrying-over-unused-fsa-funds-amid-coronavirus

The Internal Revenue Service provided guidance Thursday on how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs during the COVID-19 pandemic. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-flexibility-on-carrying-over-unused-fsa-funds-amid-coronavirus

New guidance shows how employees and employers can carry over unused money from flexible spending accounts and dependent care assistance programs. Original Article Posted at : https://www.accountingtoday.com/news/irs-offers-flexibility-on-carrying-over-unused-fsa-funds-amid-coronavirus

The agency’s commissioner is upbeat, but tax preparers and financial planners worry that this year could be especially chaotic due to the COVID pandemic. Original Article Posted at : https://www.accountingtoday.com/news/tax-season-irs-advice-for-advisors-and-taxpayer-clients

House Democrats are proposing two pieces of legislation to increase taxes on high earners and corporations and provide more funding for the Internal Revenue Service. Original Article Posted at : https://www.accountingtoday.com/news/democrats-introduce-bills-to-increase-taxes-on-wealthy-and-corporations

House Democrats are proposing two pieces of legislation that would also provide more funding for the Internal Revenue Service. Original Article Posted at : https://www.accountingtoday.com/news/democrats-introduce-bills-to-increase-taxes-on-wealthy-and-corporations

The Internal Revenue Service is still dealing with a backlog of unprocessed mail from 2020, hurting its efforts to provide help with COVID-19 relief payments and this year’s tax season. Original Article Posted at : https://www.accountingtoday.com/news/irs-continues-to-face-mail-backlog-amid-coronavirus-pandemic

Family affairs; Ultimate crime; level effects; and other highlights of recent tax cases. Original Article Posted at : https://www.accountingtoday.com/news/tax-fraud-blotter-pants-on-fire