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Tag: COVID-19 Tax

COVID-19 / Tax

IRS: Cost of Home Testing for COVID-19 is Eligible Medical Expense; Reimbursable Under FSAs, HSAs

From IRS.gov: The Internal Revenue Service reminds taxpayers that the cost of home testing for COVID-19 is an eligible medical expense that can be paid or reimbursed under health flexible …

COVID-19 / Tax

All Employers: New Guidance on Reporting Qualified Sick and Family Leave Wages on Form W-2

The Treasury Department and the Internal Revenue Service issued Notice 2021-53, which provides guidance to employers about reporting on Form W-2 the amount of qualified sick and family leave wages paid …

Accounting / COVID-19 / Tax

Reminder for All Eligible Employers: Take Advantage of the COVID-19 Paid Leave Credit!

The IRS has updated its frequently asked questions (FAQs) on the paid sick and family leave tax credits under the American Rescue Plan Act of 2021 (ARP). The updates clarify that eligible …

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    • Tax Season is Almost Here – Take these Steps to Get Your Refund Faster in 2024!
    • Was Your Business Conned by an Unethical Employee Retention Credit (ERC) Preparer? Withdraw Your Claim Before it’s too Late!
    • IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15
    • Self-Employed? Third Quarter Estimated Tax Payments are Due September 15th!
    • Scams are on the Rise: Watch Out for these Dirty Tricks!

    Insights & News

    • Tax Season is Almost Here – Take these Steps to Get Your Refund Faster in 2024!
    • Was Your Business Conned by an Unethical Employee Retention Credit (ERC) Preparer? Withdraw Your Claim Before it’s too Late!
    • IRS: Taxpayers impacted by Hurricane Lee in Maine and Massachusetts qualify for tax relief; various deadlines postponed to Feb. 15

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