(from the Journal of Accountancy) In 11 questions and answers, the IRS on Monday gave additional guidance to employers, health insurers and plan administrators on how to provide laid-off employees temporary assistance paying for COBRA continuation coverage and claim a corresponding tax credit. This Q&A supplements an initial 86 questions and answers the IRS released in May of this year. The new Q&A covers eligibility for extended coverage periods, elected dental and vision coverage, state continuation coverage programs and who may claim premium assistance credit.
Listen to the latest episode of the Net Assets podcast.
