The IRS recently released a proposed rule to extend the annual furnishing deadlines for Sections 6055 and 6056 reporting under the Affordable Care Act (ACA). The new rule would extend the due date for furnishing statements to individuals under Sections 6055 and 6056 by 30 days from January 31 each …
What is a Flexible Spending Account (FSA) Many employers offer their team the opportunity to enroll in a Flexible Spending Account (FSA). FSAs allow employees to put away pre-tax dollars to spend on eligible healthcare products and services. However, when an employee puts money into their FSA, they must use …
