IRS EXTENDS DEADLINE FOR CERTAIN ACA EMPLOYER REPORTING REQUIREMENTS
On December 2, 2019, the Internal Revenue Service (“IRS”) issued Notice 2019-63, extending the deadline on certain Patient Protection and Affordable Care Act (ACA) 2019 information-reporting requirements. The Notice also allows employers and other reporting entities to avoid the assessment of a penalty for failure to furnish 2019 Form 1095-B to employees (individuals).
Katherine Hesse, Kier Wachterhauser and Nan ONeill, three partners at Murphy, Hesse, Toomey & Lehane, LLP, presented “COVID Now & Later: Navigating the COVID-Related Issues Today and Preparing for the Changed Workplace Tomorrow”, in collaboration with the Massachusetts Nonprofit Network. During this 90-minute webcast, Mr. Wachterhauser and Ms. ONeill discussed the latest COVID developments affecting employers, such as regulatory developments regarding unemployment insurance, reasonable accommodation and vaccination issues. They also examined the changing workplace and made suggestions for Read More
On March 11, 2021, President Biden signed the American Rescue Plan Act (“ARPA”) which provides for a $1.9 trillion economic stimulus package. State and local governments, and also many educational entities, will receive substantial funding. Having endured the last year of the global COVID-19 pandemic, both states and local governments, as well as schools, have experienced unexpected expenses, losses in revenues, and budgetary burdens. The purpose of this Client Alert is to explain generally how funds from the ARPA relief aid have been designated to alleviate those COVID-19-related challenges.