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 ยง199A 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.
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