You Ready?! Oct. 15th Tax Deadline Around the Corner!

October 15th is just around the corner and you might be part of that group scrambling to get your paperwork turned in to us to file your 2019 return.

We are more than ready to assist you but do not wait until the midnight hour! 🙂 You may prefer to upload your documents to our Secure File portal, email to documents@traveltax.com but you may also fax them to 877-872-8829. Click here to go to TravelTax website.

Click here for information regarding the deadline per the IRS

Are COVID Assignments Exempt from Social Security Tax?

We have received a number of messages asking if those working temporarily in COVID disaster areas are exempt from Social Security taxes and Medicare taxes (please see image below).

It’s also found here: Tax Withholding for Government Workers

This does not apply to COVID related assignments for two reasons. 1) The page on the IRS website applies to GOVERNMENT workers – working with a staffing agency is not a government employer and 2) these exemption applies to NATURAL disasters, not biomedical disasters.

Congress would have to pass a bill allowing this and right now, they cannot agree which is why you see more executive orders from the President.

Free Housing for Front Line Workers

hotel

We’ve had this question multiple times in the last 2 weeks. Here is the scenario:

“My pay package includes a housing stipend because I am finding housing on my own. However, hotels are offering free stays for front-line workers, that is not provided by my company or the hospitals. At the hotel I do pay for parking. What will happen to the housing stipend if I accept the free stay at the hotel, considering I have to duplicate expenses?”

The answer is that you will need to duplicate expenses for lodging since the lodging is being provided by a third party. The solution is to pay SOMETHING to the hotel, maybe a tip to the housekeeping staff or for other amenities that they offer that you will use in the room.  Parking does not count as lodging expenses, unless you are a hippie! : ) Under the rules there needs to be SOME expense to trigger the exclusion of the per diems.

Get Ready for the Recovery Episode 2

surgery 2

In an earlier post, I pointed out that our home state was preparing to restart the elective surgeries that have been on hold during COVID. This piece of news is from Canada and although the Canadian health system has different logistics, the same pent up demand is present

Many of our healthcare clients are out of work or furloughed waiting for the procedures to begin. Its rough holding on but the recovery is coming so hang in there!

How Hospitals will Handle the Surgery Backlog

Stimulus Payments Rolling Out – What to Do

money

The stimulus payments are rolling out and they will be based on either the 2019 return or the 2018 return and if you don’t receive it you will file in 2021 to claim it

The IRS created a web page for those that 1) don’t regularly file or 2) need to update their bank account information, address or both.

Here is the link: Update Your Info with IRS