The Coronavirus Aid, Relief, and Economic Security (“CARES”) Act became law on March 27, 2020. The Act includes important provisions that impact employer sponsored benefit plans. Consistent with its name, the Act provides...
Read MoreI have recently had two separate employers tell me that they wanted to stop making safe harbor matching contributions to participants in their 401(k) retirement plans in the middle of a plan year. The employers had very...
Read MoreAs Congress negotiated the legislation that ended up as The Tax Cut and Jobs Act (“Jobs Act”) and the Bipartisan Budget Act of 2018 (“Budget Act”), it considered significant changes to employer based retirement plan rules. ...
Read MoreAs congressional republicans continue to work on tax reform legislation, many media reports have mentioned the possibility of significant changes to the current 401(k) retirement plan structure. Today a 401(k) plan participant...
Read MoreBy: Jordan Schreier Individuals completing their 2016 IRS Form 1040s will recognize the question asking if they, their spouses and dependents had qualifying health care coverage in 2016 (Form 1040 line 61, Form 1040A line...
Read MoreBy Jordan Schreier A taxpayer who receives a distribution from a qualified retirement plan or IRA can continue the tax deferred status of the amounts distributed by rolling over the distribution to another qualified plan or IRA...
Read MoreBy Jordan Schreier With one month remaining until the April 15, 2016 tax filing deadline, low to middle income taxpayers should remember to take advantage of the federal Retirement Savings Contribution Credit (Saver’s Tax...
Read MoreBy Jordan S. Schreier Normally when an employee contributes some of his or her pay to an employer sponsored health care flexible spending account (“FSA”), the contribution is irrevocable and must be used for unpaid medical...
Read More