by Editorial Staff | Oct 19, 2020 | ACA, IRS
On October 2nd, 2020, the Internal Revenue Service (IRS) announced an extension for providing forms 1095-C and 1095-B to employees. The required forms are part of the Affordable Care Act (ACA) and now carry a deadline of March 2nd, 2021. That date is a month later...
by Editorial Staff | Sep 4, 2020 | IRS
On August 28th, 2020, the Department of Treasury and Internal Revenue Service (IRS) issued guidance implementing a Presidential Memorandum (Memo) issued on August 8th, 2020. Created in response to the COVID-19 pandemic, the Memo allows employers to defer withholding...
by Editorial Staff | Apr 1, 2020 | Coronavirus (COVID-19), Familes First Coronavirus Response Act (FFCRA), IRS, POTUS
Signed into law on March 27th, the Coronavirus Aid, Relief and Economic Security (CARES) Act creates a half-dozen new programs to help distressed businesses and workers deal with the global COVID-19 pandemic and any related shutdowns. Among those programs are...
by Girish Anand | Dec 3, 2019 | DOL, HHS, IRS
The Departments of Labor (DOL) and Health and Human Services (HHS), together with the Internal Revenue Service (IRS), have proposed rules that would require employer-sponsored health plans to provide enrollees with out-of-pocket expense estimates. The rules work in...
by Girish Anand | Dec 2, 2019 | IRS
The Internal Revenue Service (IRS) today extended the deadline for employers and others to provide health care coverage information to their employees. The deadline is now March 2, 2020, up from Jan. 31. The IRS routinely extends the deadline each year since supplying...
by Girish Anand | Nov 12, 2019 | IRS
WASHINGTON — The Internal Revenue Service announced that employees in 401(k) plans will be able to contribute up to $19,500 next year. The IRS announced this and other changes in Notice 2019-59 (PDF), posted recently on IRS.gov. This guidance provides cost‑of‑living...