IRS Publishes 4980H(b) Affordability Percentage for 2021

IRS Publishes 4980H(b) Affordability Percentage for 2021

A quick update for those employers who are preparing for the 2021 plan year and setting the employee contribution $ amount: The IRS published the 4980H(b) affordability percentage for 2021 at 9.83% (an increase from 9.78% in 2020). Remember, this contribution amount...
IRS Releases Draft 1094/1095C Forms for 2020

IRS Releases Draft 1094/1095C Forms for 2020

For those keeping watch, the IRS has released the “Draft as of July 13, 2020” 1094 and 1095C Forms.  While the 1094C has not been changed, the 1095C Form has several changes.  A quick reminder… whether an employer is an Applicable Large Employers (ALE)...
Employers Must Include FFCRA Paid Leave Wages on Form W-2

Employers Must Include FFCRA Paid Leave Wages on Form W-2

Recent IRS guidance requires that employers who have paid FFCRA qualified sick leave wages or qualified family leave wages must separately state each of these wage amounts either on Form W-2, Box 14, or on a separate statement. This information is needed for any...