Feb 27, 2021 | The Tax Adviser
The $1.9 trillion stimulus plan passed by the House of Representatives on Friday contains many tax provisions, including a new round of economic impact payments, a tax credit for COBRA continuation coverage, and the expansion of several other tax credits. The House...
Feb 24, 2021 | The Tax Adviser
In a recent letter to Treasury and the IRS, the AICPA called for greater certainty for taxpayers and tax practitioners and for underpayment and late-payment penalty relief, both of which will provide greater assistance to those affected by the COVID-19 pandemic. In...
Feb 19, 2021 | The Tax Adviser
In response to the COVID-19 pandemic, Congress enacted temporary special rules for health flexible spending arrangements (FSAs) and dependent care assistance programs under Sec. 125 cafeteria plans. The new rules were put in place as part of the Consolidated...
Feb 5, 2021 | The Tax Adviser
On Thursday, the Senate voted on amendments to S. Con. Res. 5, the fiscal year 2021 budget resolution. After more than 500 amendments to the budget resolution were filed, 41 amendments received votes on the Senate floor in a process that lasted well into Friday...
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