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IRS Provides Guidance on Extended FEHBP Election Period Coverage
The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily...
IRS Provides Guidance on TRICARE Health Coverage and COBRA Premium Reduction
The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily...
Question of the Week: Do FUTA Taxes Apply to Children of Sole Proprietor Who Are Age 18 or Older?
This week’s question comes from Debbie, a sole proprietor. I read that children under age 18 are not subject to federal employment taxes. My children are now in college and work part-time...
Unemployment Insurance Weekly Claims Report Update for June 20, 2009
According to the US Department of Labor, in the week ending June 20, the advance figure for seasonally adjusted initial claims was 627,000, an increase of 15,000 from the previous week’s revised...
Tip of the Week: Act Now To Receive COBRA Credit on Second Quarter Form 941
Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated...
IRS Rules Discounts Offered to Employees Are Taxable Income
In the recently released Chief Counsel Advice (CCA) 200923029, the Internal Revenue Service ruled that discounts provided to an employer’s employees who purchase or lease property from a company...
IRS Provides Guidance on Eligibility of Members of Military Reserve Units and National Guard for Premium Subsidy
The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily...
AK Taxpayers Receive Extension of Time to File Returns and Pay Taxes
Due to flooding and ice jams in Alaska on April 28, 2009, President Barack Obama declared the following regional educational attendance areas a federal disaster area: Alaska Gateway, Kuspuk, Yukon...
IRS Provides Guidance on Elected Officials Eligibility for Premium Subsidy
The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily...
Question of the Week: Can a Partner Participate in an FSA?
This week’s question comes from Mark, a partner in a partnership. I’ve just been made a partner in a partnership. As an employee, I was participating in the company’s Flexible Spending Arrangement...
