The IRS issued guidance on the tax credits under the Families First Coronavirus Response Act. This guidance covers a variety of topics including how to calculate and claim the tax credit, how to
The IRS recently released draft versions of Forms 1094/1095-C and 1094/1095-B information returns for calendar year 2019, and draft instructions for those forms. The 2019 draft forms and instructions
Beginning January 1, 2020, all California residents are required to have minimum essential coverage (“MEC”) for every calendar month thereafter. A penalty applies to those residents who fail to
In the spending bill passed into law on December 20, 2019, the employer tax credit for paid family and medical leave was extended for one additional year, through the end of 2020.
New Jersey Issues Final Earned Sick Leave Law Regulations. On January 6, 2020, the New Jersey Department of Labor & Workforce Development issued regulations regarding the enforcement of New Jersey’s
The Departments jointly published an interim final rule implementing provisions of the No Surprises Act. This is the first set of regulations to address the No Surprises Act and includes guidance on
The Departments recently issued FAQ 42, which includes implementation guidance on the health coverage aspects of the Families First Coronavirus Response Act and the Coronavirus Aid, Relief, and
Employees have an extended timeframe to, in part, elect COBRA, make COBRA payments, add dependents, and appeal denials of benefits. As the timeframe may extend beyond the current plan year, in some
On September 28, 2020, Mayor Bill de Blasio signed into law amendments to New York City’s Earned Safe and Sick Time Act (“ESSTA”) to more closely align with the New York State Paid Sick Leave Law (“
While the COVID-19 pandemic has caused most businesses a great deal of pain in recent months, it has also produced changes that, if incorporated into business planning, could provide opportunities
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