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Taxes and Bookkeeping Services In Marine Park Inc.

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HSA contribution limits increase for 2021
The IRS issued its annual inflation-adjusted contribution limits for contributions to health savings accounts permitted to participants in high-deductible health plans. Most of the amounts increased slightly over the 2020 amounts.
IRS mobilizing 3,500 phone operators to answer stimulus questions
With many taxpayers still having problems using the Internal Revenue Service’s “Get My Payment” website, the IRS announced that it is mobilizing 3,500 telephone representatives to answer some of the most common questions about economic impact payments.
Final regs. clarify when interest in corporation is stock vs. debt
The IRS has issued final regulations addressing when certain related-party interests in corporations should be treated as stock vs. debt.

A special message from the AICPA Tax Executive Committee Chair Chris Hesse
Chris Hesse, Chair of the AICPA Tax Executive Committee, runs through the actions the AICPA advocated for in order to provide tax relief measures for tax practitioners during the COVID-19 pandemic.
Remembering our colleague – Jonathan Horn, CPA
AICPA friends and colleagues will remember Jonathan Horn, CPA, for his vibrant energy and contributions to the CPA profession
Note from the AICPA Tax Executive Committee Chair
Chris Hesse, the new AICPA Tax Executive Committee Chair, shares the latest tax developments, advocacy and resources.

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