IRS Issue Snapshot discusses deduction limits for “combination” retirement plans
The IRS occasionally publishes “Issue Snapshots” to provide an overview of a tax topic for its employees. Recently, the tax agency released “Issue Snapshot: Combined Limits under IRC Section 404(a)(7).” The publication discusses the limits on … [Read more...]
2021 – 10/28 – Business-to-business bartering has tax consequences
IRS information letters share helpful details on HDHPs + HSAs
Many employers have found value in combining a high-deductible health plan (HDHP) with a Health Savings Account (HSA). The IRS recently published two information letters — Letter 2021-0008 and Letter 2021-0014 — that provide some helpful details on … [Read more...]
2021 – 09/02 – Tax records: What to keep, what to toss
2021 – 08/19 – Changing jobs? Don’t forget your 401(k)
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