“Stimulus Package” Imposes Significant New Continuation Coverage Responsibilities on Employers – Effective Immediately: Hitesman & Wold, P.A. News & Events
“Stimulus Package” Imposes Significant New Continuation Coverage Responsibilities on Employers – Effective Immediately The American Recovery and Reinvestment Act of 2009 (the “Act”), signed into law on February 17, 2009,…
Read moreBailout – Benefits Style: Last minute guidance from the IRS: Hitesman & Wold, P.A. News & Events
Bailout – Benefits Style: Last minute guidance from the IRS December 19, 2008 403(b) Plan Final Regulations – Partial and Temporary Relief (IRS Notice 2009-3). IRS Final Regulations, including the…
Read moreRecent Developments Regarding HSAs, Cafeteria Plans, and Retiree Medical Benefits: Hitesman & Wold, P.A. News & Events
June 3, 2008 Congress Passes Legislation Affecting Health Flexible Spending Accounts (FSAs) On May 22, 2008, Congress passed the Heroes Earnings Assistance and Relief Tax Act of 2008 (the “Act”). …
Read moreAttention Group Health Plans: CMS-Reporting Requirements: Hitesman & Wold, P.A. News & Events
Attention Group Health Plans: CMS-Reporting Requirements November 13, 2008 At the end of last year, Congress enacted Section 111 of the Medicare, Medicaid, and SCHIP Extension Act of 2007 (“MMSEA”),…
Read moreNEW LAW AMENDS FEDERAL DEFINITION OF DEPENDENT: Hitesman & Wold, P.A. News & Events
NEW LAW AMENDS FEDERAL DEFINITION OF DEPENDENT November 3, 2008 – Third Time’s the Charm? Definition of Dependent Amended Again President Bush recently signed new legislation, known as the Fostering…
Read moreIRS Reverses Course on Special Rules Applicable to Determination of Dependent Status in Cases of Divorce and Separation: Hitesman & Wold, P.A. News & Events
IRS Reverses Course on Special Rules Applicable to Determination of Dependent Status in Cases of Divorce and Separation August 25, 2008 On August 5, 2008, we issued a Client Alert…
Read moreIRS Releases Final Regulations Impacting Definition of Dependent: Hitesman & Wold, P.A. News & Events
Important: On August 5, 2008, we issued the below Client Alert which highlights an important clarification contained in the final regulations regarding application of a special rule that created an…
Read moreIRS Increases Mileage Rates: Hitesman & Wold, P.A. News & Events
IRS Increases Mileage Rates July 1, 2008 The Internal Revenue Service recently announced an increase in some of the optional standard mileage rates for the final six months of 2008.…
Read moreNew law impacting 403(b) plans sponsored by Minnesota school districts: Hitesman & Wold, P.A. News & Events
June 26, 2008 New law impacting 403(b) plans sponsored by Minnesota school districts. What We Already Know. On July 23, 2007, the Internal Revenue Service (“IRS”) issued the final 403(b)…
Read moreRecent Developments Regarding HSAs, Cafeteria Plans, and Retiree Medical Benefits: Hitesman & Wold, P.A. News & Events
May 13, 2008 Recent Developments Regarding HSAs, Cafeteria Plans, and Retiree Medical Benefits HEALTH SAVINGS ACCOUNTS Three recent developments have occurred regarding HSAs: Final regulations were issued regarding failure to…
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