Good Records Key to Tax Deductions and Trouble-free IRS Audits
You should record expenses to claim the full amount of tax deductions you’re owed. Also, make sure you can defend your tax returns if audited by the IRS.
Safe Harbor 401(k)s: IRS Relief for Midyear Contribution Changes
In response to the COVID-19 crisis, the IRS issued Notice 2020-52. It offers sponsors of safe harbor 401(k) plans temporary relief from some requirements.
Unraveling the Economic Impact Payments Confusion
Millions of Americans have already received their economic impact payments authorized by the CARES Act. If you have not, Fiducal has some answers for you.
A Novel Way to Make COVID-19 Relief Donations
Emergency disaster declarations have benefits. Employees with unused paid vacation, sick leave, and personal time may use them as COVID-19 relief donations.
COVID-19-related leave donation programs now eligible for tax relief
The IRS recently announced special tax relief. It applies to leave-based donation programs set up by employers to aid those directly affected by COVID-19.
Some Stimulus Payments Are Mistaken as Junk Mail and Thrown Away
The government began sending out its stimulus payments on debit cards mailed in plain white envelopes. Many have been mistaken as junk mail and discarded.
Special PUA Benefits Available to Those Unemployed by COVID-19
Unemployed by the COVID-19 pandemic? The CARES Act includes Pandemic Unemployment Assistance or PUA provisions to supplement state unemployment programs.