IRS Releases New Income Tax Withholding Tables
Tables to be Used No Later Than Feb. 15 The Internal Revenue Service (IRS) has released Notice 1036, Early Release Copies of the 2018 Percentage…
3 New Year’s Resolutions for Plan Fiduciaries
Note: Written by Nevin E. Adams. Nevin is the American Retirement Association’s Chief of Communications and serves as Editor in Chief of NAPA Net and…
Forms 1095-B and 1095-C Furnishing Deadlines Extended
The IRS has extended the due dates for furnishing 2017 Forms 1095-B and 1095-C to covered individuals and full-time employees, respectively, from January 31, 2018, to March 2,…
New Small Business Health Care Tax Credit Form Released
Form Used by Eligible Employers to Claim Credit for 2017 Tax Year The IRS has released Form 8941, Credit for Small Employer Health Insurance Premiums,…
New Tax Law Effectively Repeals the Individual Mandate
Repeal Effective in 2019 President Trump has signed into law the Tax Cuts and Jobs Act, which, among other things, effectively repeals the Affordable Care…
5 Things ALEs Need to Know About Information Reporting in 2018
Forms 1095-C Due to Full-Time Employees by March 2, 2018 Under the Affordable Care Act, applicable large employers (ALEs)—generally those with at least 50 full-time…
2017 Tax Reform: Tax Planning Strategies
Congress is enacting the biggest tax reform law in thirty years, one that will make fundamental changes in the way you, your family and your…
What the tax reform bill means for individuals
H.R. 1, knows as the Tax Cuts and Jobs Act, which both houses of Congress passed on Dec. 20, contains a large number of provisions…
How tax overhaul would change business taxes
The tax reform bill that Congress voted to approve Dec. 20 contains numerous changes that will affect businesses large and small. H.R. 1, known as…
2017 Tax Reform: Key differences between the Senate and House tax bills
The Senate and the House have each passed their own version of the “Tax Cuts and Jobs Act.” The two versions of the bill have…
IRS Increases Limits for HSA, FSA, HDHP
The IRS recently announced cost-of-living adjustments to the annual dollar limits for various welfare and retirement plan limits for 2018. Although some of the limits…