- Congress Gives Small Employer HRAs the Green Light
- Congress has approved the 21st Century Cures Act, which includes a provision allowing small employers to reimburse their employees for medical expenses under a health reimbursement arrangement without being liable for the draconian, $100 per day penalty for violating the Affordable Care Act's rules. President Obama has indicated his approval of the bill.
- Only 11 Days Left for 2016 Tax Deductions
- Just a reminder that the last day you may make a tax-deductible purchase, pay a tax-deductible expense, or make tax-deductible charitable contributions for 2016 is Saturday, Dec. 31, just 11 days away.
- Year-End Tax Strategy - Avoiding Underpayment Penalties.
- If you owe taxes for 2016, you can avoid or minimize the underpayment penalty with a few simple steps.
- Are you paying outstanding medical or dental bills before year-end?
- Do you have high medical or dental bills? You may be able to use them to save on your taxes this year.
- Not Business As Usual For Employers: W-2 and 1099-MISC Filing Dates Moved Up
- The IRS, in an effort to combat rampant tax filing fraud, has introduced what they hope will be two new fraud-prevention measures for the upcoming filing season. The first will purposely delay until February 15 the issuance of refunds for tax returns where there is an earned income tax credit (EITC) and/or a refundable child tax credit (CTC), giving the IRS more time to match the income reported on these returns to the income reported by employers. These two tax credits have been the favorite target of scammers who have been filing fraudulent returns with stolen IDs and fabricated income before the IRS is able to verify the income and withholding claimed on the returns.
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