The IRS has released the cumulative list of changes in plan qualification requirements for pre-approved defined contribution plans for 2017 (2017 cumulative list). The cumulative list identifies changes that are required to be taken into account in a pre-approved plan document submitted under the pre-approved plan program and that will be considered by the IRS […]

The post 2017 Cumulative List of Changes in Plan Qualification Requirements Issued (Notice 2017-37) appeared first on Tax & Accounting Blog.

The IRS has issued new procedures for issuing opinion letters regarding the qualification in form of pre-approved plans. The new procedure modifies the IRS’s historic approach to pre-approved plans in order to expand the provider market and encourage employers that currently maintain individually designed plans to convert to the pre-approved format. The pre-approved program has […]

The post New Pre-Approved Plan Opinion Letter Procedures Issued (Rev. Proc. 2017-41) appeared first on Tax & Accounting Blog.

Lawmakers have left Washington for the start of their July 4 holiday recess without releasing an updated draft of Senate Republicans’ Better Care Reconciliation Act of 2017 (BCRA) (TAXDAY, 2017/06/23, C.1). The measure would repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes. An updated draft […]

The post No Revised Senate ACA Repeal/Replace Bill Yet As Congress Begins July 4th Recess appeared first on Tax & Accounting Blog.

The Senate GOP, on June 22, released a proposed bill to repeal and replace the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148). The bill is similar in scope to the American Health Care Act (HR 1638) passed by the House on May 4, but does contain some changes to the tax provisions. The […]

The post Proposed Senate Bill Repealing and Replacing ACA Released: Special Tax Briefing Now Available appeared first on Tax & Accounting Blog.

Temporary and proposed regulations issued in 2014 authorized the IRS to create a streamlined process for eligible organizations to use in applying for tax exempt status under Code Sec. 510(c)(3), and those proposed regulations have now been adopted with minor, insubstantial revisions that authorize the continued use of the streamlined process for applying and meeting […]

The post Final Regulations Provide Streamline Tax-Exempt Status Application Process (T.D. 9819) appeared first on Tax & Accounting Blog.

Senate Republicans continue discussions on their healthcare bill, the Better Care Reconciliation Act of 2017 (BCRA), which would repeal and replace, in part, the Patient Protection and Affordable Care Act (ACA) (P.L. 111-148) and related taxes. Senate GOP leadership chose to delay debate and a vote on the bill during the week of June 26 […]

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