Benefits News

2010 On Benefits

  • December 2010: Application of Non-Discrimination Rules Delayed for Insured Group Health Plans Under PPACA
  • November 2010: Group Health Plans May NOW Change Issuers and Maintain "Grandfathered" Status Under PPACA
  • October 2010: "Fiduciary" Expanded Under New Proposed Rule - DOL Revises Investment Advice
  • October 2010: IRS Issues Draft Form W-2 and PPACA Interim Relief for Reporting Cost of Coverage Under Group Health Plan
  • September 2010: Bifurcations and Family Code §2237(d)(2) - Why the Attachment in Subsection (c) Fails the Former Spouse
  • September 2010: New Rule for Reimbursement of Over-The-Counter Medicines and Drugs
  • August 2010: Interim Procedures for Federal External Review and Model Notices Relating to Internal Claims and Appeals and External Review under PPACA
  • August 2010: Divorce After Retirement, Part Two - Valuing the Survivor Benefit, Marriage of Sonne
  • August 2010: Health and Human Services Issue Interim Final Regulations on Pre-Existing Condition Insurance Plan Program
  • July 2010: DOL Issues Regulations on Fee Disclosures for Qualified Plans
  • July 2010: Interim Final Regulations Issued for Health Plans for Internal Claims, Appeals, and External Review
  • July 2010: Divorce After Retirement - Retirement Elections Can Be Carved In Stone, Carmona v. Carmona
  • July 2010: Interim Final Regulations Issued for Health Plans Requiring Preventive Health Services Without Cost Sharing
  • June 2010: Interim Final Regulations Issued for Health Plans Relating to Preexisting Condition Exclusions, Lifetime and Annual Limits, and Rescission Prohibition
  • June 2010: Interim Final Regulations Issued for Health Plans Relating to Status as a Grandfathered Health Plan under Patient Protection and Affordable Care Act
  • June 2010: The IRS 401(k) Compliance Questionnaire and the Due Diligence Review - IRS Initiates 401(k) Compliance Review of 1,200 401(k) Plan Sponsors
  • May 2010: New Fee Disclosure Requirements for Service Providers to Defined Contribution Plans proposed under the American Jobs and Closing Tax Loopholes Act of 2010
  • April 2010: Patient Protection and Affordable Care Act – Actions and Implementation Required in 2010…
  • March 2010: Texas Bankruptcy Court Denies Creditor Protection to Inherited IRAs in In Re Chilton…
  • March 2010: Patient Protection and Affordable Care Act Establishes Simple Cafeteria Plans
  • March 2010: The Tax Court upsets Pension Rescue Plan in Matthies v. Commissioner of Internal Revenue…
  • January 2010: U.S. Department of Labor Publishes Final Regulations Regarding Participant Contributions.

2009 On Benefits

  • November 2009: Jeremy M. Pelphrey presented IRS Issues Guidance on the Waiver of Required Minimum Distributions from Retirement Plans for 2009 and Clarifies Rollovers from Qualified Plans to Roth IRAs to the Los Angeles County Bar Association, Taxation Section and CalCPA – LA Chapter on November 4, 2009.
  • October 2009: Small Business Council of America Offers Ideas to Congress to Correct IRC 6707A Penalties and Protect America’s Small Business…
  • September 2009: IRS Extends Amnesty Deadline for Report of Foreign Bank and Financial Accounts (FBAR) for Employee Benefit Plans, Retirement Trusts and Individual Retirement Accounts...
  • September 2009: Alex Brucker is quoted in this September 19, 2009 Wall Street Journal article — Small-Business Owners Fret Over Large IRS Fines...
  • August 2009: Alex Brucker Appears on KTRS St. Louis with McGraw Milhaven Discussing 6707A Listed Transaction Penalty and Legislative Action
  • August 2009: SBCA Lauds Congressional Leaders & the IRS for Protecting America’s Small Businesses and Encourages Efforts to Enact Corrective Section 6707A Listed Transaction Penalty Legislation
  • July 2009: Congressional Leaders Ask IRS to Stand Down on 6707A Penalties: Unintentionally Victimized Business Owners to Get Relief
  • July 2009: Alex Brucker is quoted in this July 14, 2009 Los Angeles Times article - Tax Penalty Reprieve Brings Collective Sigh of Relief at Firms
  • May 2009: Attack Continues on Unjust IRS Penalties: The Small Business Council of America is pushing its offensive to end the Internal Revenue Service's unjust pursuit of small business owners who inadvertently invested in so-called "listed transactions" or possible abusive tax shelters in their employee benefit plans.
  • April 2009: Beware of Unjust IRS Penalties: You should be aware that your clients, through no fault of their own, may be facing severe financial hardship if, since 2004, they invested in the 412(i), 419 or Roth IRA transactions.