Flexible Spending Arrangement (FSA) in year 2011
Posted on 26. Feb, 2011
Flexible Spending Arrangement which is more popularly known as FSA covered taxpayers spending on medicines and drugs which later could be reimbursed after filing a claim. There have been some important changes in the arrangement which is going to affect all those who claim their medical bill reimbursement through FSA. According to the earlier norms [...]
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Undelivered Cheques to be returned to IRS
Posted on 26. Feb, 2011
Internal Revenue Service (IRS) department has the challenging task of not only collected the taxes from the taxpayers but also to return them their tax refunds. Each year employers deduct certain percentage of withholding tax from our income and deposit the same with IRS. At the year end when we file our final tax returns [...]