IRS

On December 23, 2024, President Biden signed the Paperwork Burden Reduction Act (H.R. 3797) and the Employer Reporting Improvement Act (H.R. 3801). Both laws modify...

The Internal Revenue Service (IRS) recently announced Revenue Procedure 2024-40, which details annual inflation adjustments on employee benefit limits for over 60 tax provisions in...

On March 6, 2024, the Internal Revenue Service (IRS) released an alert (IR-2024-65) reminding taxpayers that certain personal expenses are not considered medical expenses for...

On October 11, 2022, the Internal Revenue Service (IRS) issued a Final Rule to fix the Family Glitch. The document contains final regulations under §36B...

Yesterday, the IRS released Rev. Proc. 2022-38 announcing the annual inflation adjustments for 2023, including limits for the following benefit accounts: Healthcare FSA annual contribution...

The IRS Has Released the 2018 Limits for Health Savings Accounts Minimum deductible amounts for qualifying high-deductible health plans (HDHP): Individual coverage: $1,350 Family coverage:...

Following consultation with stakeholders, the agency has determined that a substantial number of employers, insurers, and other coverage providers may need additional time to prepare...

Revenue Procedure 2016-28 Essentially Status-quo Yesterday, the IRS provided the inflation adjusted deduction limitations for annual contributions made to a HSA under Section 223 of...

As a third-party vendor for Affordable Care Act (ACA) Employer Reporting, TASC stays on top of developments that may affect our Clients. On December 28,...

Parking benefits not affected The purpose of this communication is to inform you of recent guidance (Revenue Ruling 2014-32)* that will impact current Transit Benefit...