Posts filed under: IRS Updates

In their effort to help struggling taxpayers affected by the COVID-19 pandemic, the IRS issued Notice 2022-36, providing penalty relief to most people and businesses who file certain 2019 or 2020 returns late.... Read More

The IRS announced the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2023.... Read More

The IRS released Revenue Procedure 2021-25 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2022.... Read More

The IRS released Notice 2021-61 announcing cost-of-living adjustments affecting dollar limits for pension plans and other retirement-related items for tax year 2022.... Read More

The IRS recently announced annual inflation adjustments for more than 50 tax provisions, including an increase in voluntary employee contributions to employer-sponsored healthcare flexible spending arrangements (HFSAs).... Read More

New guidance for employers claiming the Employee Retention Credit for the first and second quarters of 2021.... Read More

The Internal Revenue Service today issued the 2019 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes.... Read More

Prepare for payroll 2019 by reviewing a draft of 2019 IRS Instructions for Form W-4, Employee’s Withholding Allowance Certificate. There are significant changes.... Read More

The IRS announced cost of living adjustments affecting dollar limitations for pension plans and other retirement-related items for tax year 2018. ... Read More

The IRS released Revenue Procedure 2017-37 announcing the annual inflation-adjusted limits for health savings accounts (HSAs) for calendar year 2018.... Read More