Alerts Archive

  • Aug 17 2012

    Taylor English Attorneys Dianne L. Trenholm and Jonathan B. Wilson today submitted to FINRA comments in response to FINRA Regulatory Notice 12-34; Request for Comment on Regulation of Crowdfunding Activities. Crowdfunding – a new process in which small businesses and start-ups may soon be able to use Web-based “funding portals” to seek investors for private offerings of their securities -- was recently introduced to the public through the JOBS Act passed by ...

  • Jul 13 2012

    The DOL has upped the price for a service provider and a plan sponsor to come under the prohibited transaction exemption for a person who provides services to 401k plans and other deferred compensation plans subject to ERISA. Very briefly, a service provider should (absent an exemption) have made a disclosure to the plan sponsor on or before July 1 respecting its compensation and potential conflicts of interest. If a service provider failed to make such a disclosure ...

  • Jul 02 2012

    A relatively easy to read report on the individual mandate and related requirements which was prepared for the members of Congress by the Congressional Research Service and which was released to the public earlier this week. The report in relevant part seeks to explain how to compute the penalty tax for failing to comply with the individual mandate. To view the full 13 page report, Click here Please contact Jan Marsh 678.336.7135 if you would like to discuss the ...

  • May 30 2012

    The IRS this afternoon issued guidance on several FSA related matters— 1.   The Obamacare provision which limits employee contributions to FSAs to $2,500 a year will not apply to plan years which begin before 2013, 2.   The $2,500 limitation is applicable to the FSA’s plan year rather than the employee’s taxable year, 3.   A plan sponsor will have until the end of calendar year 2014 to amend its FSA to incorporate the $2,500 limit, 4.   If a plan provides for a grace period ...

  • Apr 19 2012

    The Internal Revenue Service on April 12 released a 61 page proposed regulation on the tax on group health plans which will fund Obamacare’s Patient-Centered Outcomes Research Trust Fund.   The insurance company pays the tax for an “insured” group health plan, and the plan sponsor pays the tax for a “self-insured” group health plan.  However, the proposed regulation clearly suggests that a group health plan will be treated as an “insured” group health ...

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