{"id":1269,"date":"2009-07-11T18:01:16","date_gmt":"2009-07-11T22:01:16","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1269"},"modified":"2009-07-11T18:01:16","modified_gmt":"2009-07-11T22:01:16","slug":"irs-provides-guidance-on-documentation-required-by-insurers-and-multiemployer-plans","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/07\/irs-provides-guidance-on-documentation-required-by-insurers-and-multiemployer-plans\/","title":{"rendered":"IRS Provides Guidance on Documentation Required by Insurers and Multiemployer Plans"},"content":{"rendered":"<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 6pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">The <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Internal Revenue Service (IRS)<\/span><\/a> has released <a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Notice 2009-27, <\/span><\/a><\/span><em style=\"mso-bidi-font-style: normal;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt; mso-bidi-font-size: 12.0pt;\"><a href=\"https:\/\/old.visionpayroll.com\/kb\/wp-content\/uploads\/2009\/04\/n-09-271.pdf\" target=\"_blank\"><span style=\"color: purple;\">Premium assistance for COBRA benefits<\/span><\/a><\/span><\/em><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax credit on their <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">Form 941<\/span><\/a> to be reimbursed for the assistance provided.<\/span><span style=\"color: black;\"><\/span><\/p>\n<p class=\"MsoNormal\" style=\"line-height: 14.25pt; margin: 0in 0in 0pt;\"><span style=\"font-family: Verdana; color: black; font-size: 10pt;\">In recently issued guidance, the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\"><span style=\"color: purple; mso-bidi-font-size: 12.0pt;\">IRS<\/span><\/a> explained that when insurers or multiemployer plans are entitled to claim the COBRA premium reduction credit, they should obtain a statement from the employee or the employee\u2019s former employer. A properly completed form, <\/span><em style=\"mso-bidi-font-style: normal;\"><span style=\"font-family: Verdana; font-size: 10pt;\">Request for Treatment as an Assistance Eligible Individual<\/span><\/em><span style=\"font-family: Verdana; font-size: 10pt;\"> may be used as the required statement and maintained along with the employer\u2019s name and address. Barring \u201cfraud, malfeasance or misrepresentation of a material fact\u201d or knowledge of or reason to know of the same, the <a href=\"http:\/\/www.irs.gov\/\" target=\"_blank\">IRS<\/a> will not challenge the treatment of the former employee by insurers and multiemployer plans as involuntarily terminated.<span style=\"color: black;\"> Contact <a href=\"mailto:info@visionpayroll.com\" target=\"_blank\"><span style=\"color: purple;\">Vision Payroll<\/span><\/a> if you have any questions on the COBRA premium reduction credit.<\/span><\/span><span style=\"color: black;\"><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Internal Revenue Service (IRS) has released Notice 2009-27, Premium assistance for COBRA benefits. Pursuant to the American Recovery and Reinvestment Act of 2009 or ARRA, certain involuntarily terminated employees are eligible for employer-provided subsidies to help pay for their Consolidated Omnibus Budget Reconciliation Act (COBRA) continuation coverage. Employers may then claim a payroll tax [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[795,819,545,548,528,321,842],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1269"}],"collection":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/comments?post=1269"}],"version-history":[{"count":2,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1269\/revisions"}],"predecessor-version":[{"id":1271,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1269\/revisions\/1271"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1269"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1269"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1269"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}