March 13, 2023

ACA Mailbag: Commonly Asked Questions about 1095-C Forms

As part of the annual requirements, Applicable Large Employers must furnish Forms 1095-C to full-time employees and covered individuals and file Forms 1094-C and 1095-C with the IRS. Additionally, employers with operations in select states must comply with state-specific filing and furnishing requirements.
March 1, 2023

Summary Plan Descriptions – FAQs and Deadlines to Remember

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 20, 2023

All About Form M-1, Multiple Employer Welfare Arrangements, and Association Health Plans

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
February 13, 2023

Breaking Down Medicare Part D: Disclosure Notice to CMS

Qualified employees use Form W-4 to tell employers not to deduct any federal income tax from their wages. Details including the employee’s filing status, multiple job adjustments, amount of credits, amount of other income, deduction amounts, and any additional amounts the employee is requesting to be withheld from each paycheck will all be used to calculate how much federal income tax to deduct and withhold from the employee’s pay.
August 19, 2022

So you missed the 7/31/22 deadline for restating pre-approved 401(k) plans…now what?

To remain in compliance with the tax law, pre-approved plan providers must update their plan documents and obtain approval letters from the IRS every six years. The adopting employers then have a set period of time-about two years-to adopt the updated plan document. The adoption deadline for the latest plan amendment cycle (Cycle 3) was July 31, 2022.
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