IRS issues guidance on meals and entertainment expenses
The IRS issued guidance last week on the business expense deduction for meals and entertainment following law changes in the Tax Cuts and Jobs Act (TCJA).
News & Tech Tips
The IRS 2018 contribution HSA limit change has been reversed
For 2018, taxpayers with family coverage under an HDHP may treat $6,900 as the maximum deductible HSA contribution.
Filing Season Begins January 29
The IRS has announced that filing season will officially begin on Monday, January 29th.
IRS won’t accept returns next year without health coverage
The Internal Revenue Service said that for the upcoming 2018 filing season, it will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act, the first tax season it has refused to accept such returns.
Leave-based donation programs for hurricane victims
In the wake of Hurricane Irma, many employers are considering leave-based donation programs.