IRS Guidance

Additional Preventive Services Permitted by High Deductible Health Plans

Document Excerpt This notice expands the list of preventive care benefits permitted to be provided by a high deductible health plan (HDHP) under section 223(c)(2) of the Internal Revenue Code (Code) without a deductible, or with a deductible below the applicable minimum deductible (self-only or family) for an HDHP. Link https://www.irs.gov/pub/irs-drop/n-19-45.pdf

Multiple Employer Plans Proposed Regulations

Document Excerpt SUMMARY: This document sets forth proposed regulations relating to the tax qualification of plans maintained by more than one employer. These plans, maintained pursuant to section 413(c) of the Internal Revenue Code (Code), are often referred to as multiple employer plans or MEPs. The proposed regulations would provide an exception, if certain requirements […]

Proposed Regulations on Withholding on Periodic and Non-periodic Payments

Document Excerpt This document contains a proposed regulation regarding withholding on certain periodic and nonperiodic distributions under section 3405, other than eligible rollover distributions. This regulation would affect payors and payees of these distributions. Link https://www.federalregister.gov/documents/2019/05/31/2019-11292/withholding-on-certain-distributions-under-section-3405a-and-b

Inflation Adjusted HSA Limits for 2020

Document Excerpt This revenue procedure provides the 2020 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under ยง 223 of the Internal Revenue Code. Link https://www.irs.gov/irb/2019-22_IRB#REV-PROC-2019-25

IRS Regulatory Agenda, Spring 2019

Document Excerpt Link https://www.reginfo.gov/public/do/eAgendaMain?operation=OPERATION_GET_AGENCY_RULE_LIST&currentPub=true&agencyCode=&showStage=active&agencyCd=1500&Image58.x=58&Image58.y=10

Request for Comments on Revisions to Form 5500EZ

Document Excerpt SUMMARY: The Internal Revenue Service, as part of its continuing effort to reduce paperwork and respondent burden, invites the general public and other Federal agencies to take this opportunity to comment on information collections, as required by the Paperwork Reduction Act of 1995. The IRS is soliciting comments concerning the Annual Return/Report of […]

2019 Operational Compliance List

Document Excerpt The Operational Compliance List (“OC” List) is provided per Rev. Proc. 2016-37, Section 10, to help plan sponsors and practitioners achieve operational compliance by identifying changes in qualification requirements effective during a calendar year. The OC List: Identifies matters that may involve either mandatory or discretionary plan amendments depending on the particular plan. […]

Temporary Expansion of Determination Letter Program

Document Excerpt This revenue procedure, consistent with the process described in Rev. Proc. 2016-37, 2016-29 I.R.B. 136, provides for a limited expansion of the determination letter program with respect to individually designed plans. Under this limited expansion, the Internal Revenue Service (IRS) will accept determination letter applications for (i) individually designed statutory hybrid plans during […]

Notice of Enforcement Discretion Re: HIPAA Penalties

Document Excerpt SUMMARY: This notificationis to inform the public that the Department of Health and Human Services (HHS) is exercising its discretion in how it applies HHS regulations concerning the assessment of Civil Money Penalties (CMPs) under the Health Insurance Portability and Accountability Act of 1996 (HIPAA), as such provision was amended by the Health […]

Updated EPCRS Guidance

Document Excerpt Link https://www.irs.gov/pub/irs-drop/rp-19-19.pdf

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