Tax.thomsonreuters.com

Understanding the premium tax credit extension

WEBOn August 16, 2022, the Inflation Reduction Act was signed into law by President Biden. Included in this legislation is a section aimed at improving affordability …

Actived: 3 days ago

URL: https://tax.thomsonreuters.com/blog/understanding-the-extension-of-aca-enhanced-premium-tax-credit-ptc/

IRS FAQs Explain When Health FSAs, HSAs, or HRAs Can …

WEBFrequently Asked Questions About Medical Expenses Related to Nutrition, Wellness, and General Health (Mar. 17, 2023); IRS News Release IR-2023-47 …

Category:  Nutrition,  Medical Go Health

IRS Issues 2021 Versions of Publications 502 and 503 for …

WEBPublication 503. The IRS has released updated versions of Publications 502 and 503 for the 2021 tax year. Publication 502 describes the medical expenses that are …

Category:  Medical Go Health

IRS’s Final 2021 ACA Reporting Forms and Instructions …

WEBThe IRS has released final Affordable Care Act (ACA) information reporting forms and instructions for 2021. As a reminder, Forms 1094-B and 1095-B are filed by …

Category:  Health Go Health

HHS Reports to Congress on 2022 HIPAA Compliance and …

WEBBreach Notification Report. This report identifies the number and nature of breaches of unsecured protected health information (PHI) that were reported to HHS …

Category:  Health Go Health

IRS Issues 2022 Versions of Publications 502 and 503 for …

WEBThe IRS has released updated versions of Publications 502 and 503 for the 2022 tax year. Publication 502 describes the medical expenses that are deductible by …

Category:  Medical Go Health

IRS Form 5329: What it is and how to complete it

WEBA Form 5329 waiver of penalty is a written request to the IRS asking to forgive or reduce the penalty associated with specific situations. For example, if a …

Category:  Health Go Health

REPRESENTING THE INNOCENT SPOUSE

WEBparties may have differing independent interests in the outcome of the representation; (3) the consequences to each party may be disproportionate; (4) the practitioner may …

Category:  Health Go Health

IRS Issues Comprehensive Guidance on QSEHRAs

WEBThe IRS has issued comprehensive guidance on qualified small employer health reimbursement arrangements (QSEHRAs). QSEHRAs are a type of HRA that …

Category:  Health Go Health

Draft of April 2024 Version of Form 941-X and …

WEBTaxpayers who believe the period of limitations is still open for correcting the second quarter 2020 Form 941 may still file the April 2023 revision of Form 941-X to use …

Category:  Health Go Health

4 tips to prioritize advisory firm staff mental health

WEBAccess to well-being apps and online tools. Building a workplace culture that values mental health allows your team to feel safe and supported, making them more …

Category:  Health Go Health

IRS Clarifies, Expands on COVID-Related Cafeteria Plan Relief and …

WEBThe IRS has issued a notice clarifying the temporary relief for health FSAs and DCAPs (collectively, FSAs) that was enacted as part of the Consolidated …

Category:  Health Go Health

IRS Releases 2021 Form 8889 and Instructions for HSA Reporting

WEBInstructions. The IRS has released the 2021 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions. HSA holders (and beneficiaries of …

Category:  Health Go Health

IRS Modifies Guidance on COVID-19 Expenses for HDHPs, Provides

WEBEBIA. June 28, 2023 · 5 minute read. IRS Notice 2023-37 (June 23, 2023) In response to the end of the COVID-19 emergency, the IRS has issued a notice modifying its 2020 …

Category:  Health Go Health

IRS Releases 2020 Form 8889 and Instructions for HSA Reporting, …

WEBThe IRS has released the 2020 version of Form 8889 (Health Savings Accounts (HSAs)) and its instructions, and has updated Publication 969 (Health Savings …

Category:  Health Go Health

Can On-Site Medical Clinics Be Designed to Avoid Compliance …

WEBQUESTION: Our company wants to establish an on-site clinic for our employees. Is it possible to design it so that complex federal benefits laws such as …

Category:  Health Go Health

IRS Announces 2024 HSA and EBHRA Contribution Limits, HDHP …

WEBEBIA Comment: The catch-up contribution limit (for HSA-eligible individuals aged 55 or older) is set forth in Code § 223(b)(3) and remains at $1,000. EBHRAs, first …

Category:  Health Go Health

IRS Allows Specified Expenses for Chronic Conditions to Be …

WEBIRS Notice 2019-45 (July 17, 2019); IRS News Release IR-2019-129 (July 17, 2019) Notice News Release The IRS has issued …

Category:  Health Go Health

IRS Announces 2023 HSA and EBHRA Contribution Limits, HDHP …

WEBEBIA Comment: Because the increases to the HDHP out-of-pocket maximums are larger than the increases to the HSA contribution limits, some individuals …

Category:  Health Go Health

IRS Reminder: Personal Expenses for General Health and Wellness …

WEBThe IRS has issued a news release reminding taxpayers and administrators of health FSAs, HRAs, HSAs, and MSAs that personal expenses for general health and …

Category:  Health Go Health

HHS Reminds HIPAA Covered Entities of Obligations in Wake of …

WEBFollowing the ransomware cyberattack on Change Healthcare (a unit of United Healthcare Group (UHG) that serves as a HIPAA business associate for health …

Category:  Health Go Health

How are S corps taxed

WEB2. Take the home office deduction. Work from home may also deduct the percentage of your home used exclusively for business. And according to the IRS, S …

Category:  Health Go Health