This article addresses two common business expenses whose tax rules changed beginning Jan. 1, 2018.
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Employee Benefits
IRS adjusts HSA limits for 2018, announces 2019 limits
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
If and when to borrow from a qualified retirement plan
This article analyzes how an employee should decide whether to borrow from his or her qualified retirement plan.
IRS issues HSA contribution limits for 2019
The IRS issued the inflation-adjusted contribution limits for 2019 for health savings accounts.
Qualified equity grants: A welcome alternative for startup companies
The Tax Cuts and Jobs Act provides an alternative designed to help ease the burden on employees receiving stock.
IRS gives taxpayers relief from erroneous HSA contributions
The IRS announced it will allow taxpayers to treat $6,900 as the 2018 limit for deductible contributions to HSAs for individuals with family coverage.
Congress extends expired provisions
The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.
Private company equity grants: New Sec. 83(i)
In the case of a privately held company, the income inclusion rules present a problem in that employees
pay tax on receipt of stock for which there is not a ready market to sell shares.
IRS assesses employer shared-responsibility payments under the Affordable Care Act
Employers need to understand how to respond to this IRS correspondence assessing proposed payments.
Continuing resolution postpones Cadillac and medical device taxes, suspends tax on health insurers
The continuing resolution to fund the government also delays the so-called Cadillac tax on high-cost health plans for an additional two years beyond 2019.
Abusive Roth IRA transactions
The IRS identified transactions that improperly avoid limits on contributions to Roth IRAs.
Bipartisan Budget Act contains several tax provisions
The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.
IRS announces 2018 pension contribution limits under tax reform act
The IRS revealed that the recalculated 2018 pension contribution limits are unchanged from the numbers issued before the tax reform bill was enacted.
Health reimbursement arrangements for small employers
The IRS recently issued a notice to provide guidance on qualified small employer HRAs under Sec. 9831(d).
Government funding bill postpones some health care taxes
The continuing resolution to fund the government through Feb. 8 also delays the so-called Cadillac tax on high-cost health plans for an additional two years beyond 2019.
IRS announces 2018 pension plan contribution limits
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
The 60-day rollover rule: Self-certifying waiver eligibility
A recent IRS pronouncement allows self-certification of some permissible reasons for a waiver of the 60-day requirement for rollover contributions.
The trouble with Tibble
A recent court decision demonstrates that retirement plan trustees need to constantly evaluate whether the options selected are in the best interest of the plan participants.
Marketed wellness and health plans may not pass muster
Plans are being marketed based on their tax benefits, but the IRS warns they can lead to unexpected taxes for the employer and employees.
2018 pension plan contribution limits are announced
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
PRACTICE MANAGEMENT
2026 tax software survey
CPAs rate their return preparation software’s performance during this year’s tax season.
