May 2020
Executive Briefing
IRS – 2021 HSA Plan Limits
The Internal Revenue Service (IRS) has announced the 2021 inflation adjusted plan limit amounts for Health Savings Accounts (HSAs).
2020 IRS Form Changes
The Internal Revenue Service (IRS) has issued its information reporting tax forms for tax year 2020. This article examines the changes since 2019 that have been made to the front side of the taxpayer’s copy (generally, Copy B) of the various forms.
CFPB – Mortgage Origination
The Consumer Financial Protection Bureau (CFPB) has published an interpretive rule that clarifies several mortgage origination requirements. This is intended to help consumers that are facing financial emergencies obtain mortgage credit faster during the COVID-19 pandemic.
Short Compliance Topics
• W-2 – 2020 File Layout Changes
Emerging Issues
• SAVERS Act
• HEROES Act
