irs

Deadlines for Tax Filing and Certain Contributions Confirmed

The IRS makes official the previously announced delay of the April 15, 2021 federal income tax filing due date for individuals for the 2020 tax year to May 17, 2021. 

FuturePlan ERISA Team

HSA

IRA

IRS

IRS Guidance

New Guidance on PPE as Medical Expense

The IRS has indicated that amounts paid for PPE that are primarily used to prevent the spread of COVID-19 are treated as amounts paid for medical care. 

FuturePlan ERISA Team

HSA

IRS

IRS Guidance

Adeyemo Confirmed as Deputy Secretary of the Treasury

Wally Adeyemo has been confirmed as Deputy Secretary of the Treasury after the Senate approved him in a bipartisan voice vote.

FuturePlan ERISA Team

IRS

IRS Announces Extension to File Tax Return

The IRS has announced that tax filing due dates for 2020 tax year federal income tax returns will be automatically extended from April 15, 2021, to May 17, 2021.

FuturePlan ERISA Team

Defined Contribution Plan

HSA

IRA

IRS

IRS Guidance

IRS Posts Small Business Retirement Plan Publication

The IRS has posted the 2020 tax year version of Publication 560, Retirement Plans for Small Business (SEP, SIMPLE, and Qualified Plans). 

FuturePlan ERISA Team

Forms and Publications

IRS

Retirement

Employer

IRS Regulations Address Tax on Unrelated Businesses in Plans

The IRS has released final regulations on computing unrelated business taxable income (UBTI) for a tax-exempt organization. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

IRS

IRS Guidance

IRS Details Additional Temporary Guidance for Cafeteria Plans

The IRS has issued Notice 2021-15, providing additional guidance and flexibility to employee benefit plans offering health FSA and dependent care arrangements. 

FuturePlan ERISA Team

IRS

IRS Guidance

HSA

Notices for 2019 Forms 5500 Series Extension Approvals

The IRS has announced that processing requests for an extension of time to file 2019 Forms 5500 series returns were delayed in 2020, resulting in delayed mailing of Notice CP 216F. 

FuturePlan ERISA Team

Defined Contribution Plan

IRS

IRS Guidance

IRS Posts 2020 Tax Year Health Savings Arrangement Publication

The IRS has posted the 2020 tax year Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans. 

FuturePlan ERISA Team

Health and Welfare

Forms and Publications

Savings

Individual

IRS

New IRS Guidance for Federally Declared Disasters

At the end of 2019, the IRC was amended to create a mandatory 60-day postponement for certain federal tax-related deadlines in the event of a disaster. 

FuturePlan ERISA Team

Retirement Spotlight

Defined Contribution Plan

IRA

HSA

IRS

IRS Guidance

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