IRS Guidance

Applicable Percentage Tables for 2019

Revenue Procedure 2018-34 provides the applicable percentage table in Section 36B(b)(3)(A) and the required contribution percentage to provide percentages to be used for 2019. Document Excerpt This revenue procedure provides indexing adjustments for certain provisions under section 36B of the Internal Revenue Code. In particular, it updates the Applicable Percentage Table in § 36B(b)(3)(A)(i) to […]

Inflation Adjusted Amounts for Health Savings Accounts

Revenue Procedure 2018-30 announces the 2019 inflation adjusted amounts for Health Savings Accounts. Document Excerpt Link https://www.irs.gov/pub/irs-drop/rp-18-30.pdf

IRS Third Quarter Update to 2017-2018 Priority Guidance Plan

The IRS releases its third quarter update to its 2017-2018 Priority Guidance Plan. Document Excerpt Link https://www.irs.gov/pub/irs-utl/2017-2018_pgp_3rd_quarter_update.pdf

Relief for Small Employers Claiming the Section 45R Credit but without Access to Small Business Plans

Notice 2018-27 provides relief for small businesses that properly claimed the Section 45R credit for 2016 or later but were unable to obtain qualified health plan through a Small business Health Options Program (SHOP) because the employer’s principal business address is in a county in which a qualified health plan though a SHOP is not […]

IRS Request for Comments on 2018-2019 Priority Guidance Plan

In Notice 2018-43, the IRS request comments on items to be included in its 2018-2019 Priority Guidance Plan. Document Excerpt Link https://www.irs.gov/pub/irs-drop/n-18-43.pdf

Restoration of Pre-Budget Act HSA Family Coverage Contribution Limits

Revenue Procedure 2018-27 restores the pre-Budget Act family contribution limit. Document Excerpt Link https://www.irs.gov/pub/irs-drop/rp-18-27.pdf

Request for Comments on Expansion of Determination Letter Program for 2019

In Notice 2018-24, the IRS request comments on the possible expansion of the determination letter program for 2019 for individually designed plans beyond initial qualification and termination. Document Excerpt This notice requests comments on the potential expansion of the scope of the determination letter program for individually designed plans during the 2019 calendar year, beyond […]

Guidance allowing Pre-approved Cash Balance Plans to Use Plan’s Actual Rate of Return

Revenue Procedure 2018-21 modifies prior guidance governing the procedures for pre-approved defined benefit plan to allow cash balance plans to provide for the actual rate of return on plan assets as the rate used to determine interest credits. Document Excerpt This revenue procedure modifies the procedures of the Internal Revenue Service (IRS) for issuing opinion […]

Reduction in User Fee on Termination

Revenue Procedure 2018-19 provides for a retroactive reduction in the applicable user fee when filing for a determination on termination from $3000 to $2300. Document Excerpt This revenue procedure modifies Rev. Proc. 2018-4, 2018-1 I.R.B.146. Specifically, this revenue procedure changes one user fee set forth in Appendix A of Rev. Proc. 2018-4, Schedule of User […]

Audit Guidelines on Missing Participants and RMDs

The IRS releases audit guidelines on missing participants and required minimum distributions. Document Excerpt This memorandum directs EP examiners not to challenge a 403(b) plan as failing to satisfy the required minimum distribution (RMD) standards under Internal Revenue Code (IRC) § 403(b)(10) in the circumstances set forth below. This memo addresses only the application of […]

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