Health and Benefits Updates

IRS Posts 2022 Form 5498-SA for HSA, MSA Reporting

The IRS has posted at its website the 2022 tax year version of Form 5498-SA, HSA, Archer MSA, or Medicare Advantage MSA Information. This form is used to report annual contributions, rollovers, fair market value, and taxpayer-specific information for these accounts, which are designed for the accumulation of funds for healthcare expenses, in association with a high deductible health insurance plan.

Health and Welfare Forms and Publications Savings Individual

Regulatory and Legislative

DOL Issues Final Amendments to VFCP

The Department of Labor has released a final amendment updating the Voluntary Fiduciary Correction Program.

Regulatory and Legislative

DOL ESOP Proposed Rule Has Left OMB

The Office of Management and Budget has completed review of a proposed rule from the Department of Labor titled "Worker Ownership, Readiness, and Knowledge”.

Regulatory and Legislative

IRS Announces Deadline Relief for California Wildfires

The IRS has announced the postponement of certain tax-related deadlines for victims of California affected by wildfires and straight-line winds until October 15, 2025.