Guidance on Wellness Indemnity Payments
IRS Issues Guidance on Wellness Indemnity Payments. On June 9, 2023, the IRS released OCC Memo 202323006, which advises that wellness indemnity payments under a fixed indemnity insurance policy are wages for purposes of Federal...
Read MoreForm 5500 Deadline Aug. 1, 2022 for Calendar Year Plans
Form 5500 deadline coming up! Employers with employee benefit plans that operate on a calendar year basis must file their annual reports (Form 5500) for 2021 with the Department of Labor (DOL) by Aug. 1,...
Read MoreThe Newest IRS Rules Under the FFCRA, and What That Means for Org. Tax Credits
IRS Guidance on Tax Credits for Employee Leave Under the FFCRA The Families First Coronavirus Response Act (FFCRA), passed in March 2020, required small and midsized employers to provide paid employee leave for specific COVID-19-related...
Read MoreThe IRS’s Answers to Your Questions about ARPA’s COBRA Subsidy
Legal Update: IRS Issues Guidance on American Rescue Plan’s COBRA Subsidy On May 18, 2021, the IRS issued Notice 2021-31, a guidance document on the American Rescue Plan Act (ARPA) subsidy for continuation health coverage...
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