Shannon Oliver

2019 Pension Plan Limitation Highlights

SHANNON OLIVER, December, 2018    On November 1, 2018, the Internal Revenue Service issued Notice 2018-83, containing the cost-of-living adjustments related to retirement plan limitations under the Internal Revenue Code (the “Code”). These changes will take effect on January 1, 2019.  Below are some of the highlights. Limitations That Have Increased The limitation on the annual […]

Pension Plan Limitations for 2018

SHANNON OLIVER, November 2017   On October 19, the Internal Revenue Service issued Notice 2017-64, containing the cost-of-living adjustments applicable to retirement plan limitations under the Internal Revenue Code (the “Code”). These changes will take effect on January 1, 2018, and are based on the fact that the Consumer Price Index increased by 2.2% last […]

IRS Delays the Deadline to Furnish the ACA Forms 1095-C and 1095-B to March 2, 2017 and Extends the Good Faith Transition Relief from Reporting Penalties

TIFFANY N. SANTOS and SHANNON OLIVER, November 2016 In a welcome surprise, the Internal Revenue Service (the “IRS”) on November 18, 2016, released Notice 2016-70 which delays the deadline from January 31, 2017 to March 2, 2017 for employers to furnish the Form 1095-C to full-time employees and for providers of health coverage (such as […]

Pension Plan Limitations and Other Applicable Limitations for 2017

SHANNON OLIVER and KEVIN E. NOLT, October 2016   The Internal Revenue Service has announced the annual cost-of-living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2017. Many of the pension plan limitations were increased, as the increase in the cost-of-living index met the statutory limits that initiate their adjustment. […]

A Grab Bag of Recent Health Plan Guidance

TIFFANY N. SANTOS and SHANNON OLIVER, July 2016 — IRS Issues Early Affordable Care Act (“ACA”) Draft Forms 1094 and 1095-C for 2016 Coverage and New Proposed Rules for Section 6055 Reporting by Providers of Coverage In early July 2016, the IRS issued early drafts of the forms that applicable large employers must provide to […]

IRS Extends Due Dates for 2015 ACA Information Reporting by 2 to 3 Months

JAHIZ AGARD and SHANNON OLIVER, December 2015 — On December 28, 2015, with deadlines looming, the Internal Revenue Service (“IRS”) released Notice 2016-4, extending the due dates for the information reporting required under Sections 6055 and 6056 of the Internal Revenue Code (the “Code”). Of significance to employers, the deadlines for furnishing the 2015 Forms […]

Pension Plan Limitations and Other Applicable Limitations for 2016

SHANNON OLIVER and KEVIN E. NOLT, October 2015 — The Internal Revenue Service (the “IRS”) has announced the annual cost-of-living adjustments applicable to dollar limitations for retirement plans and other items for Tax Year 2016. The retirement plan limitations generally are unchanged in 2016 because in most cases the slight increase in the cost-of-living index […]