As employers learn about the paid-leave requirements under the Families First Coronavirus Response Act (FFCRA) and corresponding tax credits, misconceptions have arisen related to such details as when to claim the credits and which employers are eligible to claim them. The FFCRA requires employers with fewer...
May was a busy month in the employee benefits world. The Internal Revenue Service (IRS) issued IRS Notice 2020-29 that provides increased flexibility for making mid-year elections or changes under a Section 125 cafeteria plan during calendar year 2020. Read this compliance recap to learn...
On March 13, 2020, the President of the United States issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the ongoing Coronavirus Disease 2019 (COVID-19) pandemic (Emergency Declaration). Read this blog post to learn more....
On March 13, 2020, the President of the United States issued an emergency declaration under the Robert T. Stafford Disaster Relief and Emergency Assistance Act in response to the ongoing coronavirus disease 2019 (COVID-19) pandemic....
With the coronavirus impacting many occurrences in day-to-day life, the Internal Revenue Service (IRS) has released the IRS Form 7200 for an advance payment of tax credits under the Families First Coronavirus Response Act (FFCRA). Read this post from UBA to learn more. ...
The Internal Revenue Service (IRS) released an opinion letter. Read this blog post to learn more....
IRS promises full, immediate reimbursement for coronavirus leave Dive Brief: Employers subject to the Families First Coronavirus Response Act (FFCRA) will be eligible for two new refundable payroll tax credits that will "immediately and fully reimburse them" for complying with its paid leave mandate, the IRS and U.S. Department...
February was a busy month in the employee benefits world. Read this compliance recap to learn more. ...
The Internal Revenue Service (IRS) released final instructions for both the 1094-B and 1095-B forms and the 1094-C and 1095-C forms....
Recently, the Internal Revenue Service (IRS) released a private letter ruling regarding DNA collection kits and whether the price of these kits qualify as Section 213(d) medical care expenses. Read this blog post from UBA to learn more. ...