EBIA Weekly Newsletter

Value of Employer-Provided Foreign Tax Return Preparation Not Excludable as Working Condition Fringe Benefit

   May 10, 2018

IRS Chief Counsel Memorandum 201810007 (Nov. 28, 2017) Available at https://www.irs.gov/pub/irs-wd/201810007.pdf The IRS Chief Counsel’s office has released a memorandum concluding that employer-provided foreign tax preparation services are not excludable as a working condition fringe benefit, and that the fair market value of those services must be treated as income and … Read More

DOL Offers Temporary Enforcement Relief for Investment Advice Fiduciaries

   May 10, 2018

Field Assistance Bulletin 2018-02 (May 7, 2018) Available at https://www.dol.gov/agencies/ebsa/employers-and-advisers/guidance/field-assistance-bulletins/2018-02 The DOL has announced a temporary enforcement policy relating to its contested regulations interpreting ERISA’s fiduciary definition and adopting or amending related prohibited transaction exemptions (PTEs). As background, in 2016 the DOL issued regulations expanding who is an ERISA fiduciary when … Read More

Must Employers Report QSEHRA Benefits on Form W-2?

   May 10, 2018

QUESTION: Our company is considering offering a qualified small employer health reimbursement arrangement (QSEHRA) next year. Will we be required to report any information about this benefit on employees’ Forms W-2? ANSWER: Yes. If an employee was covered under a qualified small employer health reimbursement arrangement (QSEHRA), the employer must report the total amount of … Read More

Act Now: EBIA Seminars Start Next Week in Boston!

   May 3, 2018

EBIA Seminars are coming to Boston (May 8–11), Minneapolis (May 15–18), Seattle (June 5–8), Dallas (June 12–15), and Chicago (June 19–22). These intermediate-level half-day and full-day courses cover ERISA, the ACA, cafeteria plans, HRAs & HSAs, wellness programs, HIPAA, and COBRA. Attend all seven, or choose only the topics you need. … Read More