The BUZZ is a bit late this week. But better late than never.
* Not really a tax issue, but something worth sharing
from Penelope Wang at CONSUMER REPORTS - “Making Sense of the New Student Loan Rules”.
* A reminder
from Matthew Erskine at ACCOUNTING TODAY – “Selling art? Don't forget the taxes”.
* From the
NATP BLOG – “TIGTA announces creation of web page and reporting form for coronavirus relief scams” -
“With the
new financial implications that arose from the COVID-19 pandemic comes new,
potential scams. The Treasury Inspector General for Tax Administration (TIGTA)
now has a website regarding the IRS-related coronavirus scams, providing
up-to-date information and a call to action for taxpayers to report any
suspicious activity.”
Go here for
the IRS-Related Coronavirus Scam webpage.
* Over at the JOURNAL OF ACCOUNTANCY Sally P.
Schreiber reports “IRS allows midyear changes to health coverage, dependent care elections” -
“As part of its response to the coronavirus
pandemic, the IRS announced Tuesday in Notice 2020-29 that it is permitting
increased flexibility for midyear elections under a Sec. 125 cafeteria plan
during calendar year 2020 for employer-sponsored health coverage, health
flexible spending arrangements (FSAs), and dependent care assistance programs.”
* The TAX FOUNDATION has several resources to analyze
“Tax Policy And The Coronavirus”.
TTFN
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