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Results: 1-10 of 28

IRS audits: 1099s and retirement plans
  • Bricker & Eckler LLP
  • USA
  • July 1 2016

Just a few years ago, Internal Revenue Service (IRS) audits of public school districts were something that school officials never heard about, but


Cadillac Tax delayed
  • Bricker & Eckler LLP
  • USA
  • December 21 2015

On December 18, 2015, Congress passed the Consolidated Appropriations Act of 2016, which includes a two-year delay of the Affordable Care Act's 40


Exempt function income not avoided through allocation of investment income
  • Bricker & Eckler LLP
  • USA
  • November 30 2008

On October 21, the U.S. Court of Federal Claims found, in CNG Transmission Management VEBA v. U.S., Fed. Cl., No. 06-541T, that a volunteer employees’ beneficiary association (VEBA) may not avoid the limitation on exempt function income in Section 512(a)(3)(E)(i) merely by allocating investment income toward the payment of welfare benefits during the course of the tax year


New midyear election change under cafeteria plan rules
  • Bricker & Eckler LLP
  • USA
  • October 6 2014

The IRS recently issued Notice 2014-55, which expands the rules regarding midyear election changes under a cafeteria plan. Specifically, this notice


Supreme Court issues decision on ACA subsidies
  • Bricker & Eckler LLP
  • USA
  • June 26 2015

This morning, the U.S. Supreme Court issued their decision in the King v. Burwell case. In a 6-3 ruling, the Court upheld the subsidies under the


Don’t miss the chance to have your organization’s tax-exempt status reinstated
  • Bricker & Eckler LLP
  • USA
  • November 29 2012

In June 2011, the Internal Revenue Service (IRS) revealed that more than 275,000 tax-exempt organizations lost their exempt status under a provision of the Pension Protection Act of 2006


IRS to perform compliance checks on the 457(b) "Top Hat" deferred compensation plans of 400 nonprofit entities
  • Bricker & Eckler LLP
  • USA
  • July 26 2013

The Internal Revenue Service (IRS) Employee Plans Compliance Unit (EPCU) is sending compliance check letters to 200 tax-exempt entities in fiscal


Your school's 403(b) plan and the IRS requirement for annual participant notice
  • Bricker & Eckler LLP
  • USA
  • September 19 2012

The IRS has recently concluded an audit project to determine if school districts sponsoring 403(b) plans are in compliance with an IRS rule commonly known as the “Universal Availability” rule


Reducing employee hours to avoid the Affordable Care Act
  • Bricker & Eckler LLP
  • USA
  • March 18 2014

The Affordable Care Act subjects large employers to tax penalties if they do not offer group health plan coverage to part-time employees who average


Attention tax-exempt employers: Section 403(b) regulations finalized
  • Bricker & Eckler LLP
  • USA
  • April 4 2008

On July 26, 2007, the Department of Treasury published the long-awaited final regulations governing Section 403(b) tax-sheltered annuity arrangements (“403(b) Plans”) for not for profit entities