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Treasury Regulations: Proposed rules (published May 6, 2016)
Federal Register. Vol. 81, No. 88. Friday, May 6, 2016. Proposed Rules
PEO Industry Best Practice: Onboarding New Clients Under the ACA
A key issue for the professional employer organization (PEO) industry is how to address healthcare coverage responsibilities that may arise when a PEO co-employs a new client’s staff.
PEO Industry Best Practice: IRS Information Reporting under the ACA
IRS Information Reporting Under ACA Section 6055 and 6056
PEO Industry Best Practice: Notices Regarding Employee Coverage
In recent weeks, some PEOs and client employers have been receiving notices from the federally-facilitated marketplace (“FFM”), or state-administered public exchanges (generally, “Exchanges”), advising that one of their employees has been found eligible for advance payments of a premium tax credit or cost sharing reduction (“APTC”) during 2016.
IRS Revenue Procedures: Rev. Proc. 2016-33 – procedures for applying to be certified
26 CFR 301.7705: Applying for certification as a certified professional employer organization...
Summary of Notice 2016-49
On Friday, August 5, 2016 the IRS released Notice 2016-49 addressing certain time sensitive issues with respect to the PEO certification program....
Summary of Rev. Proc. 2016-33
On June 3, 2016, the IRS released Revenue Procedure 2016-33, which provides detailed procedures for applying to be certified as a CPEO. The revenue procedure builds on guidance provided in Final and Temporary regulations that were released last month, providing some additional details on the procedures for requesting certification and raising some potential new questions. Application forms, instructions, surety bond forms, and other materials are not yet available. In addition, the IRS specifically solicits comments, including suggestions related to the revenue procedure and the administration of the CPEO certification program...
PEO Industry Best Practice: W-2 Reporting Requirements Under the ACA
The ACA requires employers to report the cost of employer-sponsored healthcare coverage as part of the W-2 form issued to employees.
PEO Industry Best Practice: Certification of Eligibility for Transitional Relief
A key issue for the professional employer organization (PEO) industry is how to address healthcare coverage responsibilities that may arise when a PEO co-employs a new client’s staff. This may pose particularly trying issues if the PEO sponsors a group health plan for its worksite employees.
Form 5500 Interim Final Regulation and filing instructions
This interim final rule describes revisions to the Form 5500 Annual Return/Report of Employee Benefit Plan and Form 5500–SF Annual Return/Report of Small Employee Benefit Plan (together ‘‘Form 5500 Annual Return/Report’’) to implement annual reporting changes for multiple employer plans required by The Cooperative and Small Employer Charity Pension Flexibility Act (CSEC Act), enacted on April 7, 2014.