On July 26, 2021, the Internal Revenue Service (IRS) released additional guidance in the form of eleven new questions and answers on various aspects of the American Rescue Plan Act … Continued
On June 11, 2021, the IRS released updated Frequently Asked Questions (FAQs) concerning the available tax credits for eligible employers (under 500 employees) that voluntarily provide paid employee leave under … Continued
The Internal Revenue Service (IRS) has released an updated Frequently Asked Questions (FAQs) and resources document that provides additional explanation and clarification related to the tax credits available under the … Continued
The American Rescue Plan Act of 2021 (ARPA) increased the amount employees can exclude from their 2021 gross taxable income for employer-provided dependent care assistance program (DCAP) benefits under Internal … Continued
The Internal Revenue Service (IRS) has released new resources explaining the tax credits available for employers who opt to continue to provide paid family leave and paid sick leave as … Continued
At the beginning of the pandemic last spring, the IRS and DOL released extensions and relief for certain benefit plan deadlines. This relief targeted participant deadlines with respect to HIPAA, … Continued
Under the Taxpayer Certainty and Disaster Relief Tax Act of 2020 (the Act), additional provisions pertaining to Flexible (FSA) and Dependent Care Spending Accounts was included. The provision under the Act … Continued
The Internal Revenue Service (IRS) has released the adjusted Patient-Centered Outcomes Research Institute (PCORI) fee for 2021. As such, for plan years beginning on or after October 1, 2020 and … Continued
On October 2, 2020, the Internal Revenue Service (IRS) issued Notice 2020-76 that extends the 2020 Section 6055 and 6056 filing date from February 1, 2021 to March 2, 2021, … Continued
In March 2020, Congress passed the CARES Act in response to the COVID-19 pandemic. Among its many provisions, the law granted some contribution and benefit restriction relief for single-employer defined … Continued