ThomsonReuters

NOVEMBER 10, 2022

It modifies procedures set forth in Revenue Procedure 2016-37 (see our Checkpoint article ) and incorporates intervening guidance on hybrid and merged plans (see our Checkpoint article ). The IRS anticipates issuing future guidance relating to pre-approved plans.) Contributing Editors: EBIA Staff.

Compliance 52

Compliance 52

ThomsonReuters

MARCH 30, 2023

the calendar year immediately preceding the calendar year in which the data submission is due) (see our Checkpoint article ). The instructions provide step-by-step guidance for submitting data through the RxDC module in the Health Insurance Oversight System (HIOS).

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ThomsonReuters

OCTOBER 13, 2022

Related IRS guidance was also issued allowing certain additional cafeteria plan election changes. Related IRS guidance allows participants in non-calendar-year cafeteria plans to revoke their elections for family coverage to allow one or more family members to enroll in a QHP. Contributing Editors: EBIA Staff.

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ThomsonReuters

MARCH 17, 2022

The indexed penalty amounts for each violation of a HIPAA administrative simplification provision are as follows: Tier 1—lack of knowledge: The minimum penalty is $127 (up from $120); the maximum penalty is $63,973 (up from $60,226); and the calendar-year cap is $1,919,173 (up from $1,806,757). Further guidance from HHS would be welcome.].

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ThomsonReuters

AUGUST 11, 2022

The notice revises previous guidance in Notice 2020-68 for certain required and discretionary SECURE Act amendments (see our Checkpoint article ) and in Notice 2020-86 for SECURE Act changes affecting safe harbor 401(k) plans (see our Checkpoint article ). Later deadlines apply for governmental plans, but not collectively bargained plans.

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ThomsonReuters

JANUARY 5, 2023

Among other things, the regulations provide that plans and insurers must submit information based on the “reference year,” which is defined as the calendar year immediately preceding the calendar year in which the data submission is due.

Compliance 52

Compliance 52

ThomsonReuters

MAY 6, 2021

After summarizing the statutory provision, the guidance clarifies four key points: Affected Reductions. Thus, if the 80% standard is met by a calendar-year plan, the relief will apply to the entire 2020 calendar year and the entire 2021 calendar year. Active Participants. Plan Years Affected.

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ThomsonReuters

JANUARY 26, 2023

The depreciation limits and inclusion amounts for passenger automobiles that a taxpayer first places in service or first leases during calendar year 2023 are presented in three tables.

Fair Market Value 102

Fair Market Value Marketability 102

ThomsonReuters

NOVEMBER 24, 2021

The notice must remain in the same location on the website until October 15 of the year following the calendar year to which the statement relates. EBIA Comment: This guidance is somewhat surprising, given the IRS’s previous signal that there would be no more extensions. Applicability.

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ThomsonReuters

JANUARY 7, 2021

For the 2020 calendar year, an employer making this switch must prorate the vehicle’s value under the automobile lease valuation rule by multiplying the applicable Annual Lease Value by 72/365 (representing the period from January 1 through March 12, 2020). Accordingly, employees may benefit from the switch.

Fair Market Value 77

Fair Market Value Marketability 77

Benzinga

MARCH 13, 2023

Chart will issue a press release upon closing which will include updated calendar year 2023 guidance for the combined business. Future Company Events Chart is scheduled to present at the Bank of America Global Industrials Conference in London, England on March 21, 2023 at 12:15 p.m.

Banking 40

Banking Marketability 40

ThomsonReuters

DECEMBER 15, 2022

The final regulations generally apply for calendar years beginning after December 31, 2021. Extensions for previous years were covered by IRS guidance and the proposed regulations—see our Checkpoint article.) Here are highlights: Deadline for Furnishing Statements to Individuals.

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ThomsonReuters

MARCH 17, 2022

The depreciation limits and inclusion amounts for passenger automobiles that a taxpayer first places in service or first leases during calendar year 2022 are presented in three tables.

Fair Market Value 98

Fair Market Value Marketability 98

ThomsonReuters

MARCH 5, 2024

As a trusted advisor, clients turn to you for your guidance and expertise to help them ensure compliance. Form 1042, as well as Forms 1042-S and 1042-T, must be filed with the IRS by March 15th of the year following the calendar year in which payment was made. Form 1042-S) in the same calendar year in which Form 1042 must be filed.

Dividends 52

Dividends Compliance 52

ThomsonReuters

NOVEMBER 18, 2021

The indexed penalty amounts for each violation of a HIPAA administrative simplification provision are as follows: Tier 1—lack of knowledge: The minimum penalty is $120 (up from $119); the maximum penalty is $60,226 (up from $59,522); and the calendar-year cap is $1,806,757 (up from $1,785,651). Further guidance from HHS would be welcome.].

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ThomsonReuters

JANUARY 19, 2023

For calendar year 2022, Forms 1094-B and 1094-C are required to be filed with the IRS by February 28, 2023, or March 31, 2023, if filing electronically (see our Checkpoint article ). Revised Publications 5258 , 5164 , 5165 , and 5308 provide guidance for electronic filers.

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ThomsonReuters

MAY 27, 2021

The IRS has updated its Operational Compliance (OC) list highlighting changes in tax-qualification requirements and related guidance affecting the operation of retirement plans. Like the IRS’s Required Amendments List (see our Checkpoint article ), the OC list may also be a useful reminder as to plan provisions requiring amendment.)

Compliance 52

Compliance 52

M&A Leadership Council

FEBRUARY 13, 2024

More importantly, though, your organization is NOT ready for the launch of integration until you have developed the necessary directional guidance for the Integration Management Office (IMO). Every acquirer should develop a shortlist of each of the following, then implement them well with solid logic, empathy, and support.

Mergers & Acquisitions 59

Mergers & Acquisitions Technology Marketability 59

Benzinga

MARCH 17, 2023

Creates a differentiated leading offering across stationary and rotating equipment for multiple applications and end markets, including industrial gas, hydrogen, LNG, water treatment, carbon capture, and energy transition On track to meet or exceed its previously announced targets for $175 million of annualized cost synergies and $150 million of commercial (..)

Equity Financing 52

Equity Financing Finance Equity Marketability 52

ThomsonReuters

JUNE 29, 2022

” This is the total tax liability for an employer for the previous four quarters (July 1 of the second preceding calendar year through June 30 of the preceding calendar year). Start your Checkpoint Edge trial today for access to expert guidance and sources. This is determined through a “lookback period.”

Start-ups 97

Start-ups 97

ThomsonReuters

SEPTEMBER 30, 2022

General guidance issued in 2019 regarding the use of per diems after the Tax Cuts and Jobs Act remains in effect (see our Checkpoint article ). Many locations have been added to the list of high-cost locations, one has been removed, and many that remain on the list are now considered high-cost for a different portion of the calendar year.

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ThomsonReuters

JANUARY 28, 2021

In November 2020, the SEC’s Division of Corporation Finance released CF Disclosure Guidance: Topic No. Some China-based issuers may be asking why bother complying since the call for more disclosure is in the form of guidance, without legal force or effect. Let me help put into context the importance of the Staff guidance.

Corporate Finance 72

Corporate Finance Accounting Firms Finance Marketability 72

ThomsonReuters

APRIL 12, 2022

And, for assessment and collection purposes, a payroll tax return for any period ending with or within a calendar year is considered filed by April 15 th of that following calendar year (see IRC Sec. Checkpoint Edge has detailed guidance on amending payroll tax returns: FTC Par. 6501(a) for reference). 1, 2021 (spanning Apr.

Start-ups 98

Start-ups Treasury 98

Reynolds Holding

SEPTEMBER 27, 2023

Securities and Exchange Commission (the SEC) continued its trend from 2022, actively engaging in regulatory rulemaking, providing disclosure guidance, and undertaking enforcement actions related to public disclosures and disclosure controls. We also touch on other SEC guidance issued in 2023 and proposed guidance on the horizon.

Compliance 40

Compliance Start-ups Marketability Equity 40

ThomsonReuters

JANUARY 13, 2022

The DOL, IRS, and HHS have issued FAQ guidance addressing group health plan coverage of over-the-counter (OTC) COVID-19 diagnostic tests under the Families First Coronavirus Response Act (FFCRA) and the Coronavirus Aid, Relief, and Economic Security Act (CARES Act). Available at [link]. Fraud and Abuse.

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ThomsonReuters

OCTOBER 27, 2022

For calendar year 2022, Forms 1094-B and 1094-C (transmittals with statements) would be required to be filed with the IRS by February 28, 2023, or March 31, 2023, if filing electronically. Publications 5258 , 5164 , and 5165 , with guidance for electronic filers, have also been revised.

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ISA

DECEMBER 28, 2023

This information is being supplied to you as a member of ISA, however, this information does not replace the need to attend the 7 hour USPAP update on the required two year calendar schedule. RETIRED DEFINITIONS Definition of Assignment Elements The Board retired the definition of ASSIGNMENT ELEMENTS.

Appraisal 75

Appraisal Compliance 75

ThomsonReuters

JANUARY 21, 2021

A look-back month safe harbor allows ALEs to use the premium for January of the prior calendar year for calendar-year ICHRAs, or the premium for January of the current calendar year for non-calendar-year ICHRAs. Look-Back Month. ALEs should also be mindful of the Code §§ 6055 and 6056 reporting obligations for ICHRAs.

Compliance 59

Compliance 59

ThomsonReuters

SEPTEMBER 9, 2021

General guidance issued in 2019 regarding the use of per diems after the Tax Cuts and Jobs Act remains in effect (see our Checkpoint article ). One location has been added to the list of high-cost locations, one has been removed, and one that remains on the list is now considered high-cost for a different portion of the calendar year.

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52

ThomsonReuters

AUGUST 19, 2021

The depreciation limits and inclusion amounts for passenger automobiles that a taxpayer first places in service or first leases during calendar year 2021 are presented in three tables.

Fair Market Value 52

Fair Market Value Marketability 52

M&A Leadership Council

JUNE 8, 2023

More importantly, though, your organization is NOT ready for the launch of integration until you have developed the necessary directional guidance for the Integration Management Office (IMO). Every acquirer should develop a shortlist of each of the following, then implement them well with solid logic, empathy, and support.

Technology 59

Technology Marketability 59

ThomsonReuters

FEBRUARY 10, 2022

Typically, employers pay these taxes if they pay wages to employees totaling $1,500 or more in any quarter of a calendar year, or they had at least one employee during any day of the week during 20 weeks in a calendar year. However, some state laws vary, so it is important for employers to be familiar with the differences.

Finance 52

Finance 52

ThomsonReuters

APRIL 13, 2023

Since many administrative simplification requirements appear in more than one place in the HIPAA statute and regulations, HHS has provided some guidance on determining the number of violations. The penalties, including the calendar-year caps, are subject to adjustment for inflation.

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Reynolds Holding

FEBRUARY 14, 2023

percent higher market-adjusted abnormal buy-and-hold returns over 180 calendar days than those who trade after the target firm’s cyberattack disclosure date. However, peer insiders with nonboard ties continue to earn abnormal profits during the post-SEC guidance period.

Marketability 59

Marketability Technology 59

ThomsonReuters

APRIL 1, 2021

Amendments must be adopted no later than the last day of the first calendar year that begins after the end of the plan year in which the amendment is effective. While some plans may already have been reimbursing COVID-19 PPE, others may have been waiting for formal guidance on this issue.

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ThomsonReuters

FEBRUARY 28, 2022

The typical quarterly due date for the form is 30 days following the end of each calendar quarter as follows: April 30, July 31, October 31, and January 31. If you’re interested in learning more about payroll, find the right answer quickly with expert, trusted guidance at your fingertips. When do businesses need to file Form 941?

Start-ups 98

Start-ups 98

ThomsonReuters

NOVEMBER 8, 2022

These annual COLA adjustments include many different benefit amounts that must be updated accurately for the next calendar year. Benefits professionals and payroll practitioners can access comprehensive federal and state guidance with a 7-day trial of Checkpoint Edge ! 2 (“HCE Compensation Threshold”), XVIII.K.2

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