2020-03-16 Waiting for Relief
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 §199A 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.
