The Internal Revenue Service (IRS) has announced that high-deductible health plans (HDHPs) can pay for 2019 Novel Coronavirus (COVID-19)-related testing and treatment, without jeopardizing their status. This also means that an individual with an HDHP that covers these costs may continue to contribute to a health savings account (HSA). The notice is in response to growing…
Will they or won’t they? That’s the question on the minds of many taxpayers as rumors swirl about a potential extension of the tax filing season. Sometimes rumors are just a mix of speculation and whisper down the lane. But this one really does have some basis in fact: Members of the House Ways and…
With more than a month to go until Tax Day, this isn’t typically the time that taxpayers consider filing for an extension. But this isn’t an ordinary tax season. With new rules, new forms, extenders – and coronavirus – taxpayers aren’t scrambling to file. If you’ve been pushing off filing, you may want to consider filing for an extension….
Scammers aren’t just relying on robocalls and voice mails to reach potential victims: they’re now texting. The Inspector General of Social Security, Gail S. Ennis, recently issued a warning about a new scam involving text messages that appear to come from Social Security. The texts warn about a Social Security number problem and ask the recipient to call a…
