On June 3, the IRS released Notice 2020-42, which provides retirement plan administrators and participants temporary relief from the requirement that certain plan elections be made in the physical presence of a notary public or a plan representative.
DOL, Treasury and HHS issued joint regulations extending ERISA-related compliance deadlines in the event of a public health emergency.
The Department of Treasury, Labor, and HHS jointly issued FAQs on FFCRA and CARES Act group and individual market health plans. Yelena Gray discusses the guidance contained in the FAQs.
How employers should determine “qualified health plan expenses” for purposes of the FFCRA and the CARES Act employment tax credit programs.
We discuss one particular benefits-related change in the CARES Act: reversal of the ACA restriction on tax-favored reimbursement for OTC drugs and products.
The ability to deduct medical and dental expenses in 2018 depends on a taxpayer’s medical and dental expenses relative to the taxpayer’s income.