IRS Releases Guidance on Payroll Tax Deferral

On August 8th, President Trump signed a presidential memorandum directing the Secretary of the Treasury to defer the withholding, deposit, and payment of certain payroll tax obligations. In response to this executive action, the Department of Treasury and Internal Revenue Service issued guidance (Notice 2020-65) concerning the payroll tax deferral (commonly referred to as a…
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IRS and DOL Issues Extension of Timelines for COBRA

In response to the COVID-19 Outbreak, the IRS and DOL has issued extensions of timelines affecting COBRA coverage.

IRS Extends HSA Contribution Deadline

The Internal Revenue Service published a series of questions and answers relating to the delay of the tax filing deadline from April 15, 2020 to July 15, 2020 as provided in IRS Notice 2020-18.  With regard to contributions to an HSA, the IRS stated the following: “Contributions may be made to your HSA or Archer…
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