The 2023 State of the Tax Professionals Report sheds light on the current state of the…
Category: Uncategorized
IRS Reconfirms Prohibition, Consequences of Health FSA and DCAP Substantiation Shortcuts
IRS Chief Counsel Memorandum 202317020 (Mar. 29, 2023) Available at https://www.irs.gov/pub/irs-wd/202317020.pdf The IRS Chief Counsel’s office has released…
The importance of setting a client scope agreement
Client scope challenges are not a trend, they have been here forever. It’s a known fact…
Appellate Court Agrees TPA Was Not a Plan Fiduciary
Mass. Laborers’ Health and Welfare Fund v. Blue Cross Blue Shield of Mass., 2023 WL 3069637 (1st Cir.…
IRS Issues Revised Form 8915-F for Reporting Qualified Disaster Distributions and Repayments
Form 8915-F (Qualified Disaster Retirement Plan Distributions and Repayments) and Instructions (Rev. Jan. 2023) Form Instructions…
Can a Telehealth-Only Plan Continue After the End of the COVID-19 Emergency?
QUESTION: During the COVID-19 pandemic, we established a telehealth-only plan to provide benefits to individuals who were…
Treasury’s On-Demand Pay Proposal Shows IRS’s Concern with Constructive Receipt, Says Tax Services Director
For the second year in a row, the Treasury Department has issued a revenue proposal to…
SAS 145 early guidance: Improving audit quality
In the first blog in this series, we looked at the identification and assessment of risks of…
A beginner’s guide to advise clients
As the acceptance of cryptocurrency continues to grow, more and more clients are seeking guidance in…
HHS Finalizes 2024 ACA Benefit and Payment Parameters
Final Rule: PPACA, HHS Notice of Benefit and Payment Parameters for 2024, 45 CFR Parts 153,…