The Treasury and the Internal Revenue Service have rescinded pandemic-era guidance that allowed high-deductible health plans to cover COVID costs.
The IRS said, in
This rescinds
The preventive care safe harbor also does not include screening (i.e., testing) for COVID-19 effective as of the date of publication of the notice, which will appear in the Internal Revenue Bulletin of July 24.
What becomes of the broken-hearted; the earth moved; Kreative accounting; and other highlights of recent tax cases.
The founder of Tulsa Innovation Labs is calling for changes to draw more investments from civic-minded financial advisors and clients in their local communities.
President Trump's imposition of steep tariffs on countries around the world is likely to drive demand for accounting experts and consultants.
Spend management solutions provider Ramp released a new solution in response to recent advances in AI image generation making it easy to create convincing fake receipts, a major fraud risk.
The Internal Revenue Service reportedly intends to reinstate thousands of probationary employees who were fired after two courts ordered it to do so.
The 10 firms with the most public company audit clients accounted for 65% of the total market, down from 70% in 2023.
