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
In a recent ruling, the IRS provided a blueprint where it concluded that employees may allocate employer contributions between a health reimbursement arrangement (HRA) and a profit sharing plan without … Continued
On July 21, 2020, the Internal Revenue Service (IRS) issued Revenue Procedure 2020-36 that provides revised health plan contribution affordability percentages as applicable under the Affordable Care Act (ACA). Under … Continued
The Internal Revenue Service (IRS) issued new guidance concerning the Families First Coronavirus Response Act (FFCRA) on July 8, 2020. Under this guidance, employers are required to report the amount … Continued
On June 10, 2020, the Internal Revenue Service (IRS) issued proposed regulations concerning payments made to direct primary care arrangements, health care sharing ministries, and certain other medical care arrangements … Continued
On April 9, 2020, the IRS issued Notice 2020-23 to extend key tax deadlines for individuals and businesses in response to the ongoing COVID-19 pandemic. This new tax relief is … Continued