IRS Updates

Treasury Secretary Steven Mnuchin has announced that the IRS has officially moved Tax Day from April 15 to July 15, giving extra time for individuals and businesses to file their taxes.

IRS Coronavirus Tax Relief

FFCRA

Guidance on Reporting Qualified Sick Leave Wages and Qualified Family Leave Wages Paid Pursuant to the Families First Coronavirus Response Act

Section 125 Cafeteria Plans

The IRS issued COVID-19 Guidance Under ยง 125 Cafeteria Plans And Related To High Deductible Health Plans.

  • Currently enrolled employees can switch coverage options, add family members, or drop coverage, if they certify in writing they are or will immediately enroll in other health coverage. The IRS provided a model attestation language employers can use for this purpose.
  • Additional guidance was issued for Section 125 Cafeteria Plans – Modification of Permissive Carryover Rule for Health Flexible Spending Arrangements and Clarification Regarding Reimbursements of Premiums by Individual Coverage Health Reimbursement Arrangements

Sample Form Template: COVID-19 Alternate Coverage Attestation

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