Reminder: Form W-2 Reporting on Aggregate Cost of Employer Sponsored Coverage Unless subject to an exemption, employers must report the aggregate cost of employer-sponsored health coverage provided in 2017 on their employees’ Form W-2 (Code DD in Box 12) issued […]
Taxpayers who filed as, or were included as a member of, a unitary business group could qualify for a refund following a decision by the Michigan Court of Appeals that the Michigan Supreme Court chose to let stand on January […]
The IRS has issued the estate and gift tax limits for 2017 (Rev. Proc. 2016-55). For an estate of a person dying in 2017, the basic exclusion amount is $5,490,000 for determining the credit against federal estate tax. This means […]
The Internal Revenue Service (“IRS”) has extended the deadline for 2016 Information Reporting by employers (and other entities) to individuals under Internal Revenue Code sections 6055 and 6056 by just over one month. However, the deadline for these entities […]
Tax is statutory. No one owes tax unless a statute imposes that liability. Thus, all tax cases begin with the applicable statute. However, tax statutes sometimes are written in general terms, requiring that important details be filled in either by […]
Employers Take Note – IRS Releases Final Forms & Instructions for Information Reporting! The IRS has just released the final forms and instructions for Information Reporting under Internal Revenue Code sections 6055 and 6056.
Over the past year, health care reform has been the top of everyone’s “hot topic list.” Now that the roll-out and implementation are in process, where do we go from here? On September 9th, Fraser Trebilcock attorney Michael James will give […]
As set forth in our Client Alert dated March 11, 2014, the IRS requires employers and health insurance issuers to report on the health coverage offered and/or provided to individuals beginning calendar year 2015.
On June 26, 2013, the U.S. Supreme Court issued its decision in United States v. Windsor, invalidating Section 3 of the Defense of Marriage Act (DOMA). In the year following the decision, its implications for employee benefit programs are becoming […]
The IRS recently issued an official statement extending the deadline for certain taxpayers to make a “portability” election of their deceased spouse’s unused federal estate tax exclusion amount (or DSUE amount). The portability election allows the decedent’s spouse to apply […]