Topic: IRS

Medical Insurance Premium Reimbursement — A Brief Reprieve for Small Employers

Some employers – particularly smaller ones – have assisted their employees to obtain health insurance by reimbursing them for the cost of insurance they purchase in the individual market.  Does this practice satisfy the requirement of the Affordable Care Act?  On February 18, 2015, the Internal Revenue Service issued Notice 2015-17 (“the Notice”), which reiterates…

Read more

Many Employee Retirement Plan Dollar Limits Adjusted For 2015

The Internal Revenue Code provides for various dollar limitations on benefits, contributions, and compensation for tax-qualified employee benefit plans.  Recently, the Internal Revenue Service announced cost of living adjustments (COLAs) for 2014, including those applicable to 401(k) and other tax-qualified retirement plan limits.  Several dollar limits such as the salary deferral contribution limit to 401(k)…

Read more