HSB Blog

Updates to IRS Correction Principles for Qualified Plans

July 27, 2021

The IRS Employee Plans Compliance Resolution System (EPCRS) permits any plan sponsor of a retirement plan (including SEP and SIMPLE IRA plans) to correct plan failures. Three correction programs exist:

IRS Launches Employee Retention Credit

April 01, 2020

On March 31, 2020, the Internal Revenue Service (IRS) launched the Employee Retention Credit for employers who have been impacted by COVID-19. Below are details about the credit:
 

Are You Using the New Form W-4?

January 03, 2020

Effective January 1, 2020, employers should be using the revised Form W-4 in the new hire process. 

IRS Proposed Regulations Erode South Carolina Conservation Easement Tax Credit

August 30, 2018

On August 23, 2018 the Internal Revenue Service issued Proposed Regulations regarding the $10,000 cap on the deductibility of state and local taxes imposed under the Bipartisan Budget Act of 2018 (Code Section 164(b)(6)). 

U.S. Supreme Court Upholds IRS PPACA Rule Regarding Subsidies

June 25, 2015

In a 6-3 ruling issued June 25th, the U.S. Supreme Court rendered its opinion in the case of King v. Burwell (slip op. June 25, 2015).