Streamlined Form 5500 package proposed
Article Abstract:
The use of one Form 5500 for most employee benefit plans to replace the five types of Form 5500 was proposed by the Dept of Labor and the IRS. The requirement of filing statements of financial operations and stability by ERISA benefit plan administrators would be simplified by the proposal which includes 13 schedules that are either revised or new. The singular Form 5500 would also be redesigned to conform to the document style of tax return forms.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1997
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Agencies clarify HIPAA regs. on health FSAs and nondiscrimination involving denial of coverage due to health status factors
Article Abstract:
Much guidance has been provided by three federal agencies supplementing interim regulations under the Health Insurance Portability and Accountability Act of 1996. The US Treasury, Labor, and Health and Human Services Departments have addressed the issues of when health benefits may be excepted and whether individuals may be excluded from health plans on the basis of health status factors. The guidance includes an example illustrating the rules.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1998
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Transition relief for compliance with nondiscrimination regs extends amendment period through last day of 1992 plan year
Article Abstract:
The Internal Revenue Service has extended the period in which employers must comply with nondiscrimination regulations concerning employee benefit plans. Plan sponsors objected to the original regulations, which were to go into effect for plan years beginning after 1991. This has been changed so that employers have until the last day of the 1992 plan year to preserve plan design options.
Publication Name: Tax Management Compensation Planning Journal
Subject: Law
ISSN: 0747-8607
Year: 1992
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