The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.
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IRS Watch
May 27, 2020
Upcoming Events May 27, 2020
IRS increases HSA limits for 2021
By Michael Cohn      2 min read
The Internal Revenue Service issued its annual inflation adjustment Wednesday for health savings accounts for 2021, at a time when many taxpayers are worried about their health in the midst of the novel coronavirus pandemic.
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Tax Fraud Blotter: Skim game
By Jeff Stimpson     5 min read
Yacht happening; going, going, gone; grey and bootleg; and other highlights of recent tax cases.
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People & firms on the move: Maner Costerisan names first director of marketing
By Danielle Lee
Grant Thornton appoints leaders of 14 offices; Clayton & McKervey introduces PPP consulting services; and more CPA news.
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Senate bill would stop garnishment of stimulus payments by debt collectors
By Michael Cohn     3 min read
A bipartisan group of lawmakers has introduced legislation to close a loophole in the CARES Act.
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Retention rules vary for state e-file signature authorization forms
By Charles Marshall     3 min read
How long should tax professionals hold onto the e-file signature authorizations of their clients? It depends on where they and their clients reside.
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IRS Tax Forums to go virtual this year
By Jeff Stimpson     1 min read
The live-streamed webinars will start in July.
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SPONSOR CONTENT
Lease Accounting Fallout from COVID-19
Rent concessions, discount rates and more critical lease accounting topics affected by Coronavirus
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In the blogs: It’s a date
By Jeff Stimpson     3 min read
Waiting for refunds; EIP debit cards; using state-level OICs; and other highlights from our favorite tax bloggers.
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How to arbitrage U.S. taxes for difficult economic times
By Suzanne Woolley     3 min read
Pandemic-induced market volatility and warnings from Wall Street that tax rates are bound to rise have more Americans preparing to move money from traditional individual retirement accounts into Roth IRAs.
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