Penalty Relief Pilot for Small Retirement Plans Begins in June

Robbie MossBenefits Administration, Blog, Retirement

The Internal Revenue Service will begin a one-year pilot program in June to help small businesses with retirement plans that owe penalties for not filing reporting documents. By filing current and prior year forms during this pilot program, they can avoid penalties. The IRS is reaching out to certain small businesses that maintain retirement plans and may have been unaware … Read More

Department of Labor clarifies Marketplace / COBRA eligibility

Robbie MossBenefits Administration, Blog, Compliance / Regulations

In a release from the Obama administration, announces were made to assist in the interpretation of worker eligibility for COBRA if they are participating in the Health Insurance Marketplace.  Below is a copy of that release. The Obama administration today announced updates to model notices informing workers of their eligibility to continue health-care coverage through the Consolidated Omnibus Budget Reconciliation … Read More

IRS posts Cafeteria Plan Rules for Same-Sex Couples

Robbie MossBenefits Administration, Blog, Compliance / Regulations, HR Management

DOMA cafeteria plan FSA IRS 2014-1 Notice

In a posting by Terri Eyden on the 19th, AccountingWeb offered this to say about this latest notice to come out of the IRS offices: The IRS promised to provide more guidance regarding the tax treatment of same-sex couples in the wake of the Supreme Court’s recent ruling invalidating Section 3 of the Defense of Marriage Act (DOMA). Slowly but … Read More