In EBSA Disaster Relief Notice 2021-01, the Department of Labor (DOL) has issued a critical interpretation of prior guidance that extended certain deadlines for employee benefit plans, participants, and beneficiaries due to...more
The Taxpayer Certainty and Disaster Tax Relief Act, recently passed as part of the “Consolidated Appropriations Act, 2021,” has significantly extended the tax exclusions for employer-paid student loan repayment assistance...more
1/7/2021
/ CARES Act ,
Consolidated Appropriations Act (CAA) ,
Department of Labor (DOL) ,
Employees ,
Employer Liability Issues ,
IRS ,
New Legislation ,
Non-Taxable Income ,
Relief Measures ,
Student Loans ,
Tax Credits ,
Trump Administration
The recently enacted COVID-19 Related Tax Relief Act of 2020 and the Taxpayer Certainty and Disaster Tax Relief Act of 2020, both of which are part of the “Consolidated Appropriations Act, 2021,” includes the following...more
1/4/2021
/ Benefit Plan Sponsors ,
CARES Act ,
Consolidated Appropriations Act (CAA) ,
Coronavirus/COVID-19 ,
Department of Labor (DOL) ,
Employee Benefits ,
Employer Group Health Plans ,
Employer Liability Issues ,
IRS ,
New Legislation ,
Relief Measures ,
Retirement Plan ,
Trump Administration
The president has signed into law the Taxpayer Certainty and Disaster Tax Relief Act of 2020, which includes several temporary special rules aimed at minimizing forfeitures and increasing the utility of health and dependent...more
12/30/2020
/ Carryover Basis ,
Coronavirus/COVID-19 ,
Employee Benefits ,
Employees ,
Employer Group Health Plans ,
Employer Liability Issues ,
Flexible Spending Accounts ,
IRS ,
Relief Measures ,
Temporary Regulations ,
Trump Administration
The Tennessee Department of Revenue has published additional frequently asked questions regarding the Tennessee Business Relief Program under which $200 million in federal coronavirus relief funds will be distributed to...more
Under the Coronavirus Aid, Relief, and Economic Security (CARES) Act, employers can now make nontaxable payments of up to $5,250 to employees as student loan repayment assistance, but only if the payments are made by December...more
On June 2, 2020, Tennessee Gov. Bill Lee directed the Tennessee Department of Revenue to distribute $200 million in federal coronavirus relief funds to businesses impacted by mandatory closures under the “Tennessee Business...more
The President recently signed into law the Coronavirus Aid, Relief, and Economic Security Act or “CARES Act.” The CARES Act is primarily a stimulus package that addresses the current coronavirus crisis, and it includes...more