The IRS has launched a new “Tax Withholding Estimator”, an expanded, mobile-friendly online tool designed to make it easier to have the right amount of tax withheld during the year. It replaces the former IRS Withholding Calculator, and offers workers, retirees, self-employed individuals and other taxpayers, a more user-friendly step-by-step tool for effectively tailoring the […]
Veterans who are owed refunds for overpayments attributable to disability severance payments need to consult their tax advisor to file amended returns and claim their tax refunds before time runs out.
Veterans who received disability severance payments after January 17th 1991 and before January 1st 2017 and included that payment as part of their taxable income […]
On July 1st 2019 President Trump signed into law a sweeping, bipartisan IRS reform bill called the Taxpayer First Act ( P.L. 116-25). This legislation aims to broadly redesign the IRS for the first time in over 20 years.
The law makes a host of targeted improvements to the IRS, aimed at bolstering its customer service, modernizing […]
The U.S. Departments of Labor, Treasury, and Health and Human Services released a final ruling expanding the availability of health reimbursement arrangements (HRAs) employers can use to pay for or reimburse employees for qualifying medical expenses, including premiums for individual health insurance coverage. This HRA ruling will significantly expand employers’ options for offering healthcare benefits […]