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Employee Benefits

Effect of Supreme Court’s marriage equality ruling on employee benefit plans

Effect of Supreme Court’s marriage equality ruling on employee benefit plans

Notice 2015-86, 2015-52 IRB In a Notice, IRS has provided guidance on the application of the Supreme Court’s landmark marriage equality decision, Obergefell v. Hodges, to qualified retirement plans under Code Sec. 401(a) and to health and welfare plans, including cafeteria plans under Code Sec. 125. Background. Section 3 of the Defense of Marriage Act (DOMA) defined marriage […]

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Joint Explanatory Statement of the Committee of Conference – Tax provisions in the “Fixing America’s Surface Transportation (FAST) Act”

Joint Explanatory Statement of the Committee of Conference – Tax provisions in the “Fixing America’s Surface Transportation (FAST) Act”

Joint Explanatory Statement of the Committee of Conference On December 3, one day before the expiration of the previously-passed temporary funding measure, both chambers of Congress passed H.R.22, the “Fixing America’s Surface Transportation (FAST) Act”. The bill was sent to President Obama for his expected signature. In addition to authorizing federal surface transportation programs through […]

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Employee loses suit against employer who failed to file for available FICA refund

Employee loses suit against employer who failed to file for available FICA refund

Reuss vs. Orlando Health, Inc., (DC FL 10/21/2015) 116 AFTR 2d ¶ 2015-5361 A district court has dismissed a case brought by a medical resident who was treated as an employee by the hospital for which he worked; the resident sued the hospital for failing to take advantage of an IRS offer to refund FICA […]

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Employee plan determination letter program to be revised; no off-cycle letter applications

Employee plan determination letter program to be revised; no off-cycle letter applications

Ann. 2015-19, 2015-32 IRB IRS has announced that, effective Jan. 1, 2017, the staggered 5-year determination letter remedial amendment cycles for individually designed plans will be eliminated, and the scope of the determination letter program for individually designed plans will be limited to initial plan qualification and qualification upon plan termination. A transition rule will […]

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IRS cautions plan administrators to document hardship distributions and plan loans

IRS cautions plan administrators to document hardship distributions and plan loans

In the latest edition of its Employee Plans News, IRS cautions plan administrators that they must document and keep necessary records of each employee hardship distribution and plan loan. The result of noncompliance could be a qualification failure for the plan.  Click here for the April 1, 2015 Edition of IRS’s Employee Plans News newsletter. Background on […]

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2015 Changes To IRS’s Employee Plans Determination Letter Program

2015 Changes To IRS’s Employee Plans Determination Letter Program

Ann. 2015-1, 2015-2 IRB   IRS has announced several changes to the Employee Plans determination letter program that will take effect in 2015 and that are being adopted as a result of a process improvement strategy designed to promote case processing efficiency. These changes will be reflected in Rev Proc 2015-6, 2015-IRB, which is updated […]

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Washington Alert – Bits ‘n Pieces – Federal Budget Deficit, Customer Service for Obamacare, Bonus Time for IRS Employees, IRS2Go 4.0 Smartphone Application

Washington Alert – Bits ‘n Pieces – Federal Budget Deficit, Customer Service for Obamacare, Bonus Time for IRS Employees, IRS2Go 4.0 Smartphone Application

The federal budget deficit will continue to decline and will total $514 billion in fiscal year 2014, according to estimates released by the Congressional Budget Office (CBO) on Feb. 4. (The Budget and Economic Outlook: 2014 to 2024) At that level, the deficit would equal 3% of gross domestic product (GDP), which is close to […]

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Washington Alert – Bits ‘n Pieces – Free File Software, Employee Benefits Seminar, Budget, U.S. & Italy

Washington Alert  – Bits ‘n Pieces – Free File Software, Employee Benefits Seminar, Budget, U.S. & Italy

IRS announced on Jan. 17 that Free File brand-name software is now available for many taxpayers. (IR 2014-4) According to the agency, 14 commercial software companies that provide their Free File tax preparation products at no cost are offering their products only through irs.gov/freefile .While taxpayers can immediately complete and e-file a tax return, the […]

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Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

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Member CA Bar Member Orange County Bar US Tax Court Attorney