WASHINGTON — The Internal Revenue Service reminds taxpayers that during open enrollment season for flexible spending arrangements (FSAs) they may be eligible to use tax-free dollars to pay medical expenses not covered by other health plans. An employee who chooses to...
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USCIS Extends Validity of Expired Permanent Resident Cards
On Sept. 10, USCIS further extended the validity of Permanent Resident Cards (PRC, or Green Card) from 24 months to 36 months for lawful permanent residents who have filed Form I-90, Application to Replace Permanent Resident Cards, to renew their PRC. Individuals...
Determine the FRV housing limitation including furnishings and appurtenances
A common method for determining the fair rental value of clergy housing is using a fixed percentage, like 12%-15% of the current home value. However, this method may be inaccurate. The IRS and tax courts typically recommend using methods such as the comparable fair...