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On Jan. 5, 2018, the U.S. Department of Labor (DOL) announced that it would adopt a new standard for determining whether interns and students are “employees” who must be paid under the Fair Labor Standards Act (FLSA).

On Jan. 22, 2018, President Donald Trump signed into law a short-term continuing spending resolution to end the government shutdown and continue funding through Feb. 8, 2018. The c

On Dec. 22, 2017, the Internal Revenue Service (IRS) issued Notice 2018-06 to extend the due date for furnishing forms under Sections 6055 and 6056 and to extend good-faith transition relief from penalties related to 2017 information reporting under Sections 6055 and 6056. Notice 2018-06 does not extend the due date for filing forms with the IRS for 2017. The due date for filing with the IRS under Sections 6055 and 6056 remains Feb. 28, 2018 (April 2, 2018, if filing electronically).

On Dec. 20, 2017, the tax reform bill, called the Tax Cuts and Jobs Act, passed both the U.S. Senate and the U.S. House of Representatives. The bill is expected to be signed into law by President Donald Trump shortly. This tax reform bill makes significant changes to the federal tax code. The bill does not impact the majority of the Affordable Care Act (ACA) tax provisions. However, it does reduce the ACA’s individual shared responsibility (or individual mandate) penalty to zero, effective beginning in 2019.

Again this week (Sept. 26, 2017), the U.S. Senate was unable to find the votes to pass a repeal and replace of the Affordable Care Act. That means that all the requirements of the Affordable Care Act are still in force including…

For this edition of the Monthly Update, we focus on the Senate’s proposal to repeal and replace the ACA: the Better Care Reconciliation Act of 2017 (the “Better Care Act”).

The ACA currently protects individuals from being denied coverage due to pre-existing conditions. Specifically, it prohibits both…

The American Health Care Act (AHCA) was passed by the U.S. House of Representatives on May 4, 2017. The AHCA will move to the Senate for a vote and possible amendments.

The fate of efforts to repeal and replace the Affordable Care Act is now in the hands of the Senate lawmakers. The Senate has begun to consider the American Health Care Act (AHCA) recently passed by the House. The AHCA makes several changes impacting employer-sponsored group health plans.

On May 5, 2017, the Internal Revenue Service (IRS) issued Revenue Procedure 2017-36 to index the contribution percentages in 2018 for purposes of determining affordability of an employer’s plan under the Affordable Care Act (ACA). For plan years beginning in 2018, employer-sponsored coverage will be considered affordable if the employee’s required contribution for self-only coverage exceeds: