IRS Publishes 2019 Required Amendments List

In our 2019 End of Year Plan Sponsor “To Do” List (Part 3) Qualified Plans, we suggested that sponsors of all qualified retirement plans should be on the lookout for the Internal Revenue Service’s (“IRS”) 2019 Required Amendments List (“2019 RA List”).  The IRS recently published Notice 2019-64, which contains the 2019 RA List, https://www.irs.gov/pub/irs-drop/n-19-64.pdf

Part A of the 2019 RA List addresses changes in qualification requirements that require amendments to most plans (or to the types impacted by the change).  The 2019 RA List contains two changes in Part A:  those required by final regulations regarding hardship distributions and those required by final regulations regarding collectively bargained cash balance/hybrid defined benefit plans.  Read More ›

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IRS Delivers Belated Christmas Gift – Extends ACA Reporting Deadlines

The IRS delivered a late Christmas gift December 28, 2015 when, in Notice 2016-4, it extended the Affordable Care Act (“ACA”) reporting deadlines.  The new deadlines affect distribution and filing of Forms 1094 and 1095 for calendar year 2015 and are provided below.

Section 6055
Health Coverage Reporting
Old Filing Deadline New Filing Deadline
Form 1095-B (to employees) February 1, 2016* March 31, 2016
Form 1094-B (to IRS) February 29, 2016 (paper filing)
March 31, 2016 (electronic filing)
May 31, 2016 (paper filing)
June 30, 2016 (electronic filing)
Section 6056
Employer-Provided Health Insurance Offer and Coverage Reporting
Old Filing Deadline New Filing Deadline
Form 1095-C (to employees) February 1, 2016* March 31, 2016
Form 1094-C (to IRS) February 29, 2016 (paper filing)
March 31, 2016 (electronic filing)
May 31, 2016 (paper filing)
June 30, 2016 (electronic filing)

In light of this transitional relief, the IRS will not accept automatic or permissive extensions for filing Forms 1094 and 1095. Read More ›

Posted in Employee Benefits, Health & Welfare Plans, Health Care Reform | Tagged , , ,

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