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Home > Federal Tax Update Podcast > 2020-03-16 Waiting for Relief
Podcast: Federal Tax Update Podcast
Episode:

2020-03-16 Waiting for Relief

Category: Business
Duration: 00:39:21
Publish Date: 2020-03-15 13:04:25
Description:

Current Federal Tax Developments for the week of March 16, 2020: Waiting for Relief

  • President declares emergency over COVID-19, directs Treasury to provide relief--and now we are waiting.
  • HR 6201 passes the House and moves on to the Senate, containing a few tax provisions mainly related to mandatory sick leave provision rule
  • AICPA letter issued to IRS regarding the informal ยง199A guidance the agency has issued
  • HDHPs are allowed to pay for COVID-19 testing and treatment without jeopardizing ability of insured to make HSA contributions.
  • Dropping a tax document in the mailbox turns out not to be a good idea, as USPS postmark was after the private postmark date on envelope.

Copyright 2020, Kaplan, Inc.

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