FAQs regarding Registered Domestic Partnerships and Civil Unions

On the heels of issuing guidance on the treatment for federal purposes of same-sex marriages, the IRS has issued FAQs directed at domestic partnerships and civil unions. Document Excerpt The following questions and answers provide information to individuals of the same sex and opposite sex who are in registered domestic partnerships, civil unions or other […]

Guidance on Same-Sex Couples

Rev. Rul. 2013-17 revises the prior guidance on the definition of “marriage” for Federal tax purposes. Document Excerpt ¬†Whether, for Federal tax purposes, the terms “spouse,” “husband and wife,” “husband,” and “wife” include an individual married to a person of the same sex, if the individuals are lawfully married under state 1 law, and whether, […]

Final Regulations on ACA Program Integrity

The Centers for Medicare & Medicaid Services issues final rule outlining Exchange standards with respect to eligibility appeals, handling of consumeer complaints and other issues. Document Excerpt This final rule implements provisions of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010 (collectively referred to as the […]

Final Treasury Regulation on Individual Mandate

The Treasury releases its final regulation on the individual mandate under the Affordable Care Act. Document Excerpt This document amends the Income Tax Regulations (26 CFR part 1) by adding final regulations under section 5000A on the individual shared responsibility provision.. Link http://www.ofr.gov/(X(1)S(ba1p3y0dsh3rossow0xvp5mm))/OFRUpload/OFRData/2013-21157_PI.pdf

Proposed Regulations on Small Employer Health Tax Credit

The proposed regulations incorporate the provisions of Notice 2010-44 and Notice 2010-82. Document Excerpt This document contains proposed regulations provide guidance on the tax credit available to certain small employers that offer health insurance coverage to their employees under section 45R of the Internal Revenue Code (Code), enacted by the Patient Protection and Affordable Care […]

Interest Rates for September

The PBGC announces the September interest rates for lump sum payments. Document Excerpt The immediate interest rate for valuing lump sum payments for the month of September 2013 is 1.50%. The deferred interest rate I1 is 4.00%, I2 is 4.00%, and I3 is 4.00%. (The immediate interest rate for August 2013 was 1.75% for lump […]

Qs and As on SHOP

CMS releases a series of Qs and As on Federally-facilitated SHOP (Small Business Health Option Program) exchanges. Document Excerpt Link https://www.regtap.info/uploads/library/SHOP_Issuer_FAQs2_5CR_070813.pdf

IRS 403(b) Phone Forum

The IRS has released the transcript and recording from its recent 403(b) corrections phone forum. Document Excerpt Link http://www.irsvideos.gov/403bCorrectionsExaminationTrends

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