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March 2021 was an eventful month with regard to new guidance on recently passed legislation and expanded provisions from the IRS to provide relief to individuals and businesses impacted by the continuing COVID-19 pandemic. ...

With the coronavirus impacting many occurrences in day-to-day life, the Internal Revenue Service (IRS) has released the IRS Form 7200 for an advance payment of tax credits under the Families First Coronavirus Response Act (FFCRA). Read this post from UBA to learn more. ...

The contribution limits for 401(k), 403(b), 457 and the federal government’s Thrift Savings Plans have been increased to $19,500 for 2020, according to a recent announcement from the Internal Revenue Service (IRS). Read the following to learn more about this increase in retirement contributions....

Recently, the Internal Revenue Services (IRS) released an informational letter in response to an inquiry of whether employer shared responsibility penalties (ESRPs) may be waived or reduced based on hardship or other factors. Read this blog post to learn more. ...