Bipartisan Budget Act contains several tax provisions
The Bipartisan Budget Act of 2018 has many tax provisions, including retroactive extensions of a number of tax credits.
Employee Benefits
IRS announces 2018 pension contribution limits under tax reform act
The IRS revealed that the recalculated 2018 pension contribution limits are unchanged from the numbers issued before the tax reform bill was enacted.
Health reimbursement arrangements for small employers
The IRS recently issued a notice to provide guidance on qualified small employer HRAs under Sec. 9831(d).
Government funding bill postpones some health care taxes
The continuing resolution to fund the government through Feb. 8 also delays the so-called Cadillac tax on high-cost health plans for an additional two years beyond 2019.
IRS announces 2018 pension plan contribution limits
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
The 60-day rollover rule: Self-certifying waiver eligibility
A recent IRS pronouncement allows self-certification of some permissible reasons for a waiver of the 60-day requirement for rollover contributions.
The trouble with Tibble
A recent court decision demonstrates that retirement plan trustees need to constantly evaluate whether the options selected are in the best interest of the plan participants.
Marketed wellness and health plans may not pass muster
Plans are being marketed based on their tax benefits, but the IRS warns they can lead to unexpected taxes for the employer and employees.
2018 pension plan contribution limits are announced
The IRS released the inflation-adjusted amounts that apply to pension and 401(k) plans for 2018.
Federal retirement savings plan ended
Due to “extremely low” demand and high costs, the Treasury Department announced that it is ending the myRA retirement savings program.
How to make sure an HSA avoids ERISA
The DOL has provided safe harbors to help employers ensure they avoid ERISA.
Beware of tax promoters purporting to save employment taxes on health plans
A number of wellness plans and health plan arrangements have been marketed to employers as a way to save employment and income taxes for employers and employees.
Self-help stock purchase not IRA distribution
A taxpayer’s end run around an IRA custodian does not result in a taxable IRA distribution.
IRS guidance offers useful reminders about employee discount plans
The IRS recently released Field Attorney Advice providing guidance on the taxability of an employee discount plan.
Treasury ends myRA retirement savings program
Due to “extremely low” demand and high costs, the Treasury Department announced that it is ending the myRA retirement savings program.
Revised Senate health bill would retain taxes on higher-income individuals
The health care bill released by Senate Republicans on Thursday would retain the Affordable Care Act’s 3.8% net investment tax and the 0.9% Medicare surtax.
IRS issues 2018 inflation adjustments for HSAs
The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts.
Court grants hardship waiver for rollover failure
The Tax Court held it would be against “equity or good conscience” to deny an ex-NYPD police officer a hardship waiver for failing to meet the rollover requirement while he was suffering from a “major depressive disorder.”
Tax provisions in the Senate health care bill
The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.
Deferred compensation: The proposed Sec. 457(f) regulations and Sec. 409A
This article discusses the treatment of Sec. 457(f) plans under the new regulations.
