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Is Your Organization in Compliance With IRS Rules on Employer Identification Numbers?

Posted by: Kendall A. Schnurpel on April 30, 2019

On March 27, 2019 the IRS announced that taxpayers can no longer request an employer identification number (“EIN”) unless the “responsible party” named on the application has a Social Security number (“SSN”) or Individual Taxpayer Identification Number (“ITIN”). This change goes into effect on...


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Proposed Regulations Allowing for Expanded Usage of Health Reimbursement Arrangements (HRAs) - Another Step In President Trump's Focus on Health Care Reform

on November 19, 2018

A trifecta federal agency approach to expansion efforts related to health reimbursement arrangements (“HRAs”) occurred on October 29, 2018. The Departments of Treasury, Health and Human Services, and Labor (collectively, the “Departments”) jointly announced proposed HRA regulations, effective...


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IRS Announces Pension Plan Limitations for 2019

Posted by: Janice L. Hamilton on November 16, 2018

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The Internal Revenue Service issued Notice 2018-83 announcing the cost-of-living  adjustments applicable to pension and retirement plan dollar limitations for tax year 2019.  The elective deferral limit for participants who participate in 401(k), 403(b), 457(b) plans and SARSEPs has increased...


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IRS Issues Proposed Regulations for Hardship Distributions

on November 15, 2018

The IRS initially issued proposed regulations on Friday, November 9, 2018 and published such regulations in the Federal Register on November 14, 2018 providing guidance related to modifications necessary to administer hardship distributions based on the statutory changes made by the Bipartisan...


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Recent Guidance for the Mental Health Parity Act: Are You in Compliance?

on June 19, 2018

The Department of Labor (“DOL”) is buckling down on compliance with the Mental Health Parity and Addiction Equity Act of 2008 (“MHPAEA”).  On April 23, 2018, the DOL released a plethora of updated information that provides employers, who sponsor health plans, even more insight as to how to...


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IRS Does An "About-Face" On HSA Limits

on May 1, 2018

The $50 reduction in the family coverage limit for health savings account (“HSA”) contributions just announced last March is no longer effective.  The good news is that taxpayers can save more for medical expenses in 2018 (up to $6,900), while the challenge for employers and/or service providers...


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How May The New Tax Act Affect Your ESOP?

Posted by: Lisa A. Durham on April 23, 2018

Court Decision Clears Way for Broader Use of Postnuptial Agreements

The Tax Cuts and Jobs Act of 2018 (the “Act”) was signed into law by President Trump on December 22, 2017.  It is heralded as making the most significant changes in corporate taxation in the US in more than 30 years.  The Act makes changes to C corporations, S corporations and other pass-through...


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