Compensation & Benefits Newsletter - Summer 2017

August 2017

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In the summer issue of the Compensation and Benefits quarterly newsletter, we offer insights on how to utilize recent guidance regarding issues that are important for tax planning purposes.
 


457A: 2017 Deadline to Pay Taxes on Certain Deferred Compensation 

If you have a deferred compensation arrangement with an offshore employer located in a tax haven jurisdiction, you should be aware of an upcoming deadline of December 31, 2017 for compensation earned during 2005-2008 but not yet paid to you.
   


Plan Sponsors Should Review Procedures for Hardship Withdrawals

On February 23, 2017, the IRS issued a memorandum to its employee plan examiners instructing them on the types of documentation that should be requested during an IRS audit to evaluate whether in-service distributions were allowed under the hardship withdrawal rules.
   


QSEHRA: A New Way for Small Employers to Help Employees Purchase Health Care Insurance

Small employers with no group health plan should consider a new Qualified Small Employer Health Reimbursement Arrangement (QSEHRA) to help pay for individual health insurance policies on a
tax free basis.
   


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For more information, please contact one of the following practice leaders:
 
Andrew Gibson
National Practice Leader
Compensation & Benefits
  Peter Klinger
Partner
Compensation & Benefits

 
Joan Vines
Managing Director
Compensation & Benefits  
  Carl Toppin
Managing Director
Compensation & Benefits