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As employee benefits programs increase in sophistication and flexibility, the complexity of tax compliance often increases as well. RSM understands the tax ramifications of employee benefits plans and regularly shares updates on tax concerns and compliance issues related to these plans. See below for some of our most recent IRS updates.
IRS answers a few important questions regarding the taxation and withholding rules for uncashed distribution checks.
New IRS guidance allows high deductible health plans to pay for treatments for chronic health conditions as preventive care.
If adopted, these rules may make multiple-employer 401(k) plans an effective way for small business to provide retirement benefits.
Final regulations maintain partners cannot be employees of a disregarded entity owned by the partnership in which they are partners.
The federal government adds two new health reimbursement arrangement (HRA) options for employers starting in 2020.
Internal Revenue Service expands determination letter process to statutory hybrids and merged plans, effective Sept. 1, 2019.
Health savings accounts are a valuable tool for saving money for medical expenses since they offer a triple tax benefit.