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  1. IRS Updates Model HSA Trust and Custodial Account Forms
    From the February 02, 2012 EBIA Weekly
    The IRS has released updated versions of Forms 5305-B (“Health Savings Trust Account”) and 5305-C (“Health Savings Custodial Account”), the model agreements that HSA trustees and custodians, respectively, can use to allow individuals to ...
    [IRS Form 5305-B (Health Savings Trust Account) (Dec. 2011); IRS Form 5305-C (Health Savings Custodial Account) (Dec. 2011)]
  2. IRS Newsletter Highlights Leased Employee Compliance Project, Electronic Signatures, and More
    From the February 02, 2012 EBIA Weekly
    The IRS has addressed a variety of issues for employers and plan sponsors in the latest edition of Employee Plans News, including complying with leased employee rules, requesting copies of or corrections to determination letters, abandoning pre-approved plans, and ...
    [IRS Newsletter: Employee Plans News (Issue 2011-9, Dec. 20, 2011)]
  3. IRS Issues Updated Version of Taxable Fringe Benefit Guide
    From the February 02, 2012 EBIA Weekly
    The IRS has updated its Taxable Fringe Benefit Guide for federal, state, and local government employers. The Guide was created to provide those entities with a basic understanding of the federal tax and reporting rules on a wide variety of ...
    [Taxable Fringe Benefit Guide for Federal, State, and Local Governments (Jan. 2012)]
  4. IRS Addresses Effect of Indian Health Services Eligibility on HSA Eligibility
    From the February 02, 2012 EBIA Weekly
    The IRS has issued Notice 2012-14, explaining the effect of eligibility for medical services at an Indian Health Service (IHS) facility on an individual’s HSA eligibility. By way of background, IHS is the division of the Department ...
    [IRS Notice 2012-14 (Feb. 1, 2012)]
  5. DOL and IRS Issue Retirement Security Measures, Including Final Fiduciary-Level Fee Disclosure Regs and Proposed Guidance on Lifetime Income
    From the February 02, 2012 EBIA Weekly
    In a coordinated effort, the DOL and IRS have announced agency actions that are intended to enhance retirement security. The DOL has announced the release of final fiduciary-level fee disclosure regulations, with an extended effective date of July 1, ...
    [DOL Fact Sheet: Final Regulation Relating to Service Provider Disclosures Under Section 408(b)(2) (Feb. 2012); DOL News Release 11-1653-NAT (Feb. 2, 2012); Treasury Fact Sheet: Helping American Families Achieve Retirement Security by Expanding Lifetime Income Choices (Feb. 2012)]
  6. IRS Sets 2012 Maximums for Valuing an Employer-Provided Vehicle's Personal Use
    From the January 26, 2012 EBIA Weekly
    The IRS has set the maximum vehicle values that limit use of the cents-per-mile and fleet-average valuation rules for employer-provided vehicles first made available to employees for personal use in calendar year 2012. By way of ...
    [Rev. Proc. 2012-13, 2012-3 I.R.B. 295 (Jan. 17, 2012)]
  7. HHS Announcement Addresses Coverage of Contraceptive Services by Nonprofit Religious Employers
    From the January 26, 2012 EBIA Weekly
    Health care reform requires non-grandfathered group health plans to provide coverage for certain preventive services delivered by in-network providers without deductibles, co-payments, co-insurance, or other cost-sharing. Interim final regulations on coverage of preventive health services ...
    [HHS News Release (Jan. 20, 2012)]
  8. IRS Issues 2011 Version of Publication 969 on HSAs, HRAs, Health FSAs, and MSAs
    From the January 19, 2012 EBIA Weekly
    Publication 969 has been updated for use in preparing 2011 tax returns. This publication provides basic information about HSAs, HRAs, health FSAs, Archer MSAs, and Medicare Advantage MSAs, including brief descriptions of benefits, eligibility requirements, contribution limits, and distribution issues. ...
    [IRS Publication 969 (Health Savings Accounts and Other Tax-Favored Health Plans (for 2011 Tax Returns))]
  9. IRS Releases 2011 Form 8839 (Qualified Adoption Expenses) and Instructions
    From the January 19, 2012 EBIA Weekly
    The IRS has released the 2011 version of Form 8839 (Qualified Adoption Expenses), as well as updated instructions. Taxpayers use Form 8839 to claim the adoption credit, an exclusion for employer-provided adoption benefits, or both. (A taxpayer cannot claim ...
    [IRS Form 8839 (Qualified Adoption Expenses) and Instructions (2011)]
  10. 2011 Form M-1 Now Available; New Question Addresses Compliance With Health Care Reform Mandates
    From the January 19, 2012 EBIA Weekly
    The DOL has announced the availability of the 2011 Form M-1 (Report for Multiple Employer Welfare Arrangements (MEWAs) and Certain Entities Claiming Exception (ECEs)). The 2011 Form M-1 is very similar to the 2010 version, but has been ...
    [Form M-1 (2011); DOL News Release (Jan. 12, 2012)]

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