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Armstrong Teasdale LLP
Headquarters in St. Louis Missouri
http://www.armstrongteasdale.com
Recent Activity
On April 26, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-27 and restored the 2018 HSA contribution limit to $6,900 for an individual with family coverage under a higher deductible health plan (HDHP). Continue reading
Posted May 8, 2018 at For Your Benefit
The Internal Revenue Service (the “IRS”) recently issued Chief Counsel Advice 201810007 requiring the fair market value of tax preparation services provided by a large U.S. company to its employees who frequently transfer employment from country to country be included in the employees’ gross income. Continue reading
Posted May 2, 2018 at For Your Benefit
The Bipartisan Budget Act of 2018 was signed into law by President Donald Trump on Feb. 9, 2018. The Act contains several tax-related provisions which ease the rules governing hardship withdrawals from 401(k) and 403(b) plans, and the changes are effective in plan years beginning after Dec. 31, 2018. Continue reading
Posted Mar 5, 2018 at For Your Benefit
A continuing resolution which funds the Federal government through February 8, 2018 was passed by Congress and signed into law by President Trump on Jan. 22, 2018. Continue reading
Posted Jan 30, 2018 at For Your Benefit
The Tax Cuts and Jobs Act of 2017 (Tax Reform Act) passed through Congress and was signed into law by President Trump on Dec. 22, 2017. The Tax Reform Act contains several employee benefit changes: Repeal of the Individual Mandate, but not the Employer Mandate. The Affordable Care Act (ACA)... Continue reading
Posted Jan 29, 2018 at For Your Benefit
Previously limited to “qualified higher education expenses,” the 2017 Tax Act provides that qualified higher education expenses now include expenses for tuition in connection with enrollment or attendance at an elementary or secondary public, private or religious school. Continue reading
Posted Jan 10, 2018 at For Your Benefit
On Oct. 19, the Internal Revenue Service announced that some key retirement plan dollar limitations will increase in 2018, including the limit on elective salary deferral contributions on a combined pre-tax and Roth basis, moving from $18,000 to $18,500. Other limits, including the catch-up contribution limit of $6,000, will remain... Continue reading
Posted Nov 1, 2017 at For Your Benefit
The IRS has extended retirement plan relief to victims of Hurricane Irma in Announcement 2017-13. Continue reading
Posted Sep 12, 2017 at For Your Benefit
On Aug. 31, 2017, the Department of Labor (DOL) announced a proposed 18-month extension for the Fiduciary Rule’s Best Interest Contract (BIC) Exemption and the Principal Transactions Exemption, and certain amendments to Prohibited Transaction Exemption 84-24. Continue reading
Posted Sep 7, 2017 at For Your Benefit
In Announcement 2017-11, the Internal Revenue Service (IRS) relaxed the rules that normally apply to restrict a plan participant’s access to qualified retirement plan funds in response to the devastation caused by Hurricane Harvey. Continue reading
Posted Sep 5, 2017 at For Your Benefit
The Departments of Labor, Treasury and Health and Human Services continue to issue FAQs addressing the implementation of the Mental Health Parity and Addiction Equity Act of 2008, as amended by the Affordable Care Act and the 21st Century Cures Act. Continue reading
Posted Jul 20, 2017 at For Your Benefit
On June 5, 2017, the United States Supreme Court held in Advocate Health Care Network v. Stapleton, Nos. 16-74, 16-86, 16-258, 2017 WL 2407476 (U.S. June 5, 2017) that organizations controlled by or associated with a church may maintain a church plan which is exempt from the Employee Retirement Income Security Act of 1974, as amended. Continue reading
Posted Jun 8, 2017 at For Your Benefit
On May 4, 2017, House Republicans passed the latest version of the American Health Care Act (AHCA), which repeals most of the Affordable Care Act (ACA) taxes including the employer and individual mandate penalties. Continue reading
Posted May 5, 2017 at For Your Benefit
On February 23, 2017, the Internal Revenue Service (“IRS”) issued a memorandum outlining substantiation guidelines for IRS employees to use when examining section 401(k) plan hardship distributions and determining whether the hardship distributions were made on account of an immediate and heavy financial need. Continue reading
Posted May 4, 2017 at For Your Benefit
On March 1, 2017, the Department of Labor (DOL) announced a proposed extension for the effective date of the Fiduciary Rule from April 10, 2017 to June 9, 2017. Continue reading
Posted Mar 2, 2017 at For Your Benefit
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Some retirement plan dollar limitations will increase in 2017, but the limit on elective salary deferral contributions on a combined pre-tax and Roth basis will remain unchanged at $18,000. Continue reading
Posted Nov 18, 2016 at For Your Benefit
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New guidance from the Departments of Labor and Health & Human Services identifies “warning signs” for group health plans that may indicate noncompliance with the MHPAEA. Continue reading
Posted Aug 29, 2016 at For Your Benefit
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On April 6, 2016, the Department of Labor (“DOL”) issued final regulations providing the long-awaited update to the definition of fiduciary under the Employee Retirement Income Security Act (“ERISA”). Continue reading
Posted Jul 18, 2016 at For Your Benefit
The Defend Trade Secrets Act (DTSA) was signed into law by President Obama on May 12, 2016. Continue reading
Posted May 25, 2016 at For Your Benefit
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In Notice 2015-87, the Internal Revenue Service (“IRS”) advised that it believes that the amount of an opt-out payment effectively increases the cost of coverage to the employee by the amount of the opt-out payment. Continue reading
Posted May 16, 2016 at For Your Benefit
On April 6, 2016, the Department of Health and Human Services, Department of Labor and Department of the Treasury (collectively, the Departments) issued changes to the Summary of Benefits and Coverage (SBC) template and glossary. Continue reading
Posted Apr 12, 2016 at For Your Benefit
The Mental Health Parity and Addition Equity Act of 2008 (Parity Act) provides that group health plans must include the same lifetime and annual dollar limits for mental health benefits as are imposed on medical and surgical benefits. Continue reading
Posted Feb 29, 2016 at For Your Benefit