Current Federal Tax Developments

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2020-03-16 Waiting for Relief

March 15, 2020 by Ed Zollars, CPA

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

Articles for this week’s final three developments can be found in the following PDF file:

2020-03-16 Current Federal Tax Developments

March 15, 2020 /Ed Zollars, CPA
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