IRS

IRS Announces 2025 Decreases for Employer Shared Responsibility Penalties

IRS Announces ACA Penalties for 2025 Under Code §4980H (a) and (b) February 2024 On February 12, 2024, the IRS released Rev. Proc. 2024-14 to provide the adjusted excise tax amounts under the Af...

Updates to IRS FAQs - Premium Tax Credit

Updates to IRS FAQs about the Premium Tax Credit February 9, 2024 FS-2024-04 This month, the IRS updated their Frequently Asked Questions document with more information about the Premium Tax...

Most Common ACA 1094/1095 Errors - Employer Reporting Tip

Most Common ACA 1094/1095 Errors - Employer Reporting Tip February 1, 2024 Question What are the most common employer reporting errors? Answer As experts assist with Letter 226J appeals...

Events Permitting Election Changes Mid-Plan Year

Events Permitting Election Changes Mid-Plan Year The Plan may be drafted to permit an individual to change an election mid-year based on a permitted event. Alternatively, a plan sponsor may design ...

2024 ACA Pay or Play and Filing Late Penalties

ACA penalties for applicable large employers (ALEs) are increasing in 2024. Find out how much and when penalties may apply.

Webinar Replay - 2024 Health FSA and Transportation Benefit Limits

2024 Health FSA and Transportation Benefit Limits 11-15-2023 Now that the 2024 health FSA and Transportation Benefit limits have been published, this webinar will confirm the numbers and then al...

Amwins Connect - November Question of the Month 2023

Amwins QOTM November 2023 - Domestic Partner Benefits While opposite-sex and same-sex marriages are permitted nationwide, today’s workforce presents a wide variety of relationship arrangements for ...

Reminder - 2024 IRS and ACA Limits

2024 IRS and ACA Limits As clients are preparing for the upcoming new plan year, this is a reminder of the 2024 limits that have been published by the Internal Revenue Service and CMS. 2024 HSA...

IRS Announces 2024 Health FSA and Qualified Transportation Limits

2024 Health FSA and Qualified Transportation Limits 11-9-2023 In Revenue Procedure 2023-24, the IRS sets forth a variety of 2024 adjusted tax limits. Among other things, the notice indicates tha...

IRS Postpones California Tax-Filing and Tax-Payment Deadline to November 16, 2023

For California Storm Victims (55 Counties), IRS Postpones Tax-Filing and Tax-Payment Deadline to November 16, 2023 On October 16, 2023, the IRS issued IR-2023-189, which postponed the deadline to f...

W-2 Health Cost of Coverage Reporting

W-2 Health Cost of Coverage Reporting September 2023 Background The Affordable Care Act (ACA) requires employers to report the aggregate cost of “applicable employer-sponsored coverage” on a...

Reminder - Most Employers Now Required to File Electronic IRS Information Returns Beginning in 2024!

Reminder - Most Employers Now Required to File Electronic Information Returns Beginning in 2024 Have your clients prepared for this new requirement? As we published earlier this year, this new r...