All Items: Taxing Benefits

  • Annual Inflation Adjustments for Fringe Benefits and Income Taxes Released by IRS

    October 27, 2016

    The IRS has released Revenue Procedure 2016-55, which provides the annual inflation adjustments to the employer-provided fringe benefit limitations and personal income tax-related amounts.

  • Optional 'High-Low', 'Special' Travel Expense Per Diem Rates Issued for 2016-2017

    October 3, 2016

    The IRS has issued Notice 2016-58 listing the 2016-2017 optional 'high-low' federal per diem rates an employer may use to reimburse expenses incurred by employees who travel on business to locations within the Continental US, and the 'special' federal meals and incidental expenses (M&IE) per diem rates that apply to the transportation industry and the incidental-expenses-only rate.

  • Final IRS Regulations Define Marriage in Gender-Neutral Terms

    September 6, 2016

    On September 2, the IRS released immediately effective final regulations that define the term "spouse" in a gender-neutral manner under federal law. The regulations follow up on two Supreme Court decisions that have recognized same-sex marriage at the federal and state levels since 2013.

  • ACA Electronic Information Return Filing Deadline Is June 30

    June 27, 2016

    The IRS is urgently reminding self-insured employers, applicable large employers and providers of health coverage that the due date to electronically file information returns in compliance with the Affordable Care Act (ACA) is this week - on June 30. This includes electronic filing of the 1094 and 1095 series of forms.

  • IRS Discusses Tax Treatment of Wellness Program Benefits

    June 10, 2016

    The IRS has released a Chief Counsel Advice Memorandum discussing the tax treatment of wellness program benefits and employer reimbursement of premiums provided on a pretax basis under a ยง 125 cafeteria plan (under the Internal Revenue Code - IRC).

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News: HR guidance on the taxation of employee benefits.