The bar is high; failure to comply has serious, unwanted consequences In 2023, the Internal Revenue Service (IRS) released a memo reminding sponsors of health flexible spending accounts (HCFSAs) and dependent care flexible spending accounts (DCFSAs) of their obligation to … Read More
Yesterday, the Internal Revenue Service (IRS) announced the annual inflation adjustments for more than sixty tax provisions for tax year 2024. Highlights of changes in Revenue Procedure 2023-34 The items of greatest interest to most DBS agents and clients include … Read More
This week, the IRS released Notice 2023-70 that adjusts the amount of the PCORI fee for health plan or policy years that end on or after October 1, 2023 and before October 1, 2024. The new fee is $3.22. The … Read More
