{"id":1272,"date":"2009-07-12T22:05:20","date_gmt":"2009-07-13T02:05:20","guid":{"rendered":"https:\/\/old.visionpayroll.com\/kb\/?p=1272"},"modified":"2009-07-12T22:05:20","modified_gmt":"2009-07-13T02:05:20","slug":"irs-provides-guidance-on-information-reporting-for-cobra-premium-subsidies","status":"publish","type":"post","link":"https:\/\/old.visionpayroll.com\/kb\/2009\/07\/irs-provides-guidance-on-information-reporting-for-cobra-premium-subsidies\/","title":{"rendered":"IRS Provides Guidance on Information Reporting For COBRA Premium Subsidies"},"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> confirmed that employers, multiemployer plans, and insurers are not required to report on <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/fw2.pdf\" target=\"_blank\">Form W-2<\/a> or <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f1099msc.pdf\" target=\"_blank\">Form 1099<\/a> any premium subsidies provided to <a href=\"https:\/\/old.visionpayroll.com\/kb\/2009\/04\/assistance-eligible-individual-under-notice-2009-27\/\" target=\"_blank\">Assistance Eligible Individuals (AEIs)<\/a>. They are requited to keep records and supporting documentation for any such payments to <a href=\"https:\/\/old.visionpayroll.com\/kb\/2009\/04\/assistance-eligible-individual-under-notice-2009-27\/\" target=\"_blank\">AEIs<\/a> and to support any credit claimed on <a href=\"http:\/\/www.irs.gov\/pub\/irs-pdf\/f941.pdf\" target=\"_blank\">Form 941<\/a>. 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 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":[795,819,848,545,548,528,224,321,842],"_links":{"self":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1272"}],"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=1272"}],"version-history":[{"count":3,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1272\/revisions"}],"predecessor-version":[{"id":1276,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/posts\/1272\/revisions\/1276"}],"wp:attachment":[{"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/media?parent=1272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/categories?post=1272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/old.visionpayroll.com\/kb\/wp-json\/wp\/v2\/tags?post=1272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}