Video: Artificial Intelligence Use in Political Campaigns
Nonprofit Basics: Insider Transactions and Nonprofits – What’s the Big Deal?
Correcting Health Savings Account Contribution Errors
As the IRS continues to churn out guidance on various forms of COVID-19 relief, this week is no exception with the release of Notice 2021-26. This Notice clarifies two key points relating to the tax treatment of dependent...more
In a bit of a respite from COVID-19, today the IRS announced the Health Savings Account limits for 2021. With respect to contribution limits, the limits are slightly higher than the ones for 2020. As a reminder, these...more
Increased Charitable Deduction Limits for Donations - Under the federal income tax laws, cash donations to a 501(c)(3) public charity are generally deductible by an individual donor who itemizes deductions in an amount up...more
All IRA owners have until July 15, 2020 to make IRA contributions for 2019 and pay early distribution penalties for 2019, but a few questions remain on deadlines and reporting for IRA providers. ...more
The simple and safe answer to the question posed is “April 15, 2020.” Contributions to traditional and Roth Individual Retirement Accounts (“IRAs”) and Health Savings Accounts (“HSAs”) must be made no later than “the time...more
In order to make tax-deductible contributions to a health savings account, an individual must be covered under a high deductible health plan and have no disqualifying health coverage....more