Tag: IRS


IRS Spells Out Two Available Plan Loan Computations

The Internal Revenue Service (IRS) on April 20 clarified the two ways defined contribution (DC) plans can calculate maximum participant loan amounts in a memo that should bring some relief to plan sponsors and administrators.


IRS Delays QSEHRA Notice Requirement

The Internal Revenue Service (IRS) has postponed the notice requirement for the new “qualified small employer health reimbursement arrangement” (QSEHRA) program, until the agency issues further guidance.


IRS Limits Excludability of Fixed Indemnity Payments

Payments that an employer makes to an employee under a fixed indemnity health plan must be included in the employee’s taxable income, the Internal Revenue Service (IRS) recently indicated, if the plan premiums were paid by the employer or by salary reduction under a cafeteria plan.


Ask the Expert: Are Employee Recognition ‘Gifts’ Taxable Income?

Question: If we create an employee recognition program that awards points to employees that can be used to purchase company-branded items from an online store, does the value of the items “purchased” by the employees have to be added to their gross income for tax purposes?