Federal Tax Regulations Issued in 2014

The table below lists tax regulations issued by the Treasury Department and IRS in 2014 in chronological order.  The links will take you to the text of the regulations (usually in the Federal Register) and other helpful information. 

List of federal tax regulations issued in:  2011     2012     2013   2015

Title of Regulation

[Health care regs noted with “ACA”]

Status

Citation

IRC Sections

Additional Information

Computation of, and Rules Relating to, Medical Loss Ratio

ACA

Final

(4 pages)

TD 9651 (1/7/14)

844

provide guidance to Blue Cross and Blue Shield organizations, and certain other qualifying health care organizations, on computing and applying the medical loss ratio added to the Internal Revenue Code by the Patient Protection and Affordable Care Act.”

Sales-Based Royalties and Vendor Allowances

Final

TD 9652 (1/13/14)

263A

471

final regulations relating to the capitalization and allocation of royalties that are incurred only upon the sale of property produced or property acquired for resale (sales-based royalties). This document also contains final regulations relating to adjusting inventory costs for a type of an allowance, discount, or price rebate earned on the sale of merchandise (sales-based vendor chargebacks). These regulations modify the simplified production method and the simplified resale method of allocating capitalized costs between ending inventory and cost of goods sold. These regulations affect taxpayers that incur capitalizable sales-based royalties or earn sales-based vendor chargebacks.”

Rev Proc. 2014-33 – how to change a method due to the final regsulations; modifies Rev. Proc. 2011-14.

Bond Premium Carryforward

Final

TD 9653 (1/15/14)

171

final regulations that provide guidance on the tax treatment of a debt instrument with a bond premium carryforward in the holder’s final accrual period. The regulations in this document provide guidance to holders of Treasury securities and other debt instruments acquired at a premium.”

Disallowance of Partnership Loss Transfers, Mandatory Basis Adjustments, Basis Reduction in Stock of a Corporate Partner, etc.

Prop

REG–144468–05 (1/16/14)

704

732

734

737

743

755

1502

guidance on certain provisions of the American Jobs Creation Act of 2004 and conform the regulations to statutory changes in the Taxpayer Relief Act of 1997. The proposed regulations also modify the basis allocation rules to prevent certain unintended consequences of the current basis allocation rules for substituted basis transactions. Finally, the proposed regulations provide additional guidance on allocations resulting from revaluations of partnership property. The proposed regulations affect partnerships and their partners.”

Correction – FR 21163 (4/15/14)

Guidance for Determining Stock Ownership

Final and temp

Prop

TD 9654 (1/17/14)

REG121534–12 (1/17/14)

7874

temporary regulations that identify certain stock of a foreign corporation that is disregarded in calculating ownership of the foreign corporation for purposes of determining whether it is a surrogate foreign corporation. These regulations also provide guidance with respect to the effect of transfers of stock of a foreign corporation after the foreign corporation has acquired substantially all of the properties of a domestic corporation or of a trade or business of a domestic partnership. These regulations affect certain domestic corporations and partnerships (and certain parties related thereto), and foreign corporations that acquire substantially all of the properties of such domestic corporations or of the trades or businesses of such domestic partnerships.”

Basis in Interests in Tax-Exempt Trusts

Prop

REG–154890–03 (1/17/14)

1001

1014

 

proposed regulations that provide rules for determining a taxable beneficiary’s basis in a term interest in a charitable remainder trust upon a sale or other disposition of all interests in the trust to the extent that basis consists of a share of adjusted uniform basis. The regulations affect taxable beneficiaries of charitable remainder trusts.”

Minimum Essential Coverage; Shared Responsibility Payment for Individuals

ACA

Prop

REG–141036-13 (1/27/14)

5000A

proposed regulations relating to the requirement to maintain minimum essential coverage enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the TRICARE Affirmation Act and Public Law 111–173. These proposed regulations affect individual taxpayers who may be liable for the shared responsibility payment for not maintaining minimum essential coverage.

Correction – FR31893 (6/3/14)

Finalized - TD 9705 (11/26/14)

Section 707 Regarding Disguised Sales, Generally

Prop

REG–119305–11 (1/30/14)

704

707

752

proposed regulations under section 707 relating to disguised sales of property to or by a partnership and under section 752 relating to the treatment of partnership liabilities. The proposed regulations address certain deficiencies and technical ambiguities in the section 707 regulations and certain issues in determining partners’ shares of liabilities under section 752. The proposed regulations affect partnerships and their partners.”

Calculation of Unrelated Business Taxable Income for Certain Exempt Organizations

Prop

REG–143874–10 (2/6/14)

512

new proposed regulation providing guidance on how certain organizations that provide employee benefits must calculate unrelated business taxable income (UBTI). This document also withdraws the notice of proposed rulemaking relating to UBTI that was published on February 4, 1986.”

Shared Responsibility for Employers Regarding Health Coverage

ACA

Final

59 pages

TD 9655 (2/12/14)

1361

4980H

7701

guidance to employers that are subject to the shared responsibility provisions regarding employee health coverage under section 4980H of the Internal Revenue Code (Code), enacted by the Affordable Care Act. These regulations affect employers referred to as applicable large employers (generally meaning, for each year, employers that had 50 or more full-time employees, including full-time equivalent employees, during the prior year). Generally, under section 4980H an applicable large employer that, for a calendar month, fails to offer to its fulltime employees health coverage that is affordable and provides minimum value may be subject to an assessable payment if a full-time employee enrolls for that month in a qualified health plan for which the employee receives a premium tax credit.”

IRS FAQs

Treasury Fact Sheet on the Shared Responsibility Payment.

Notice 2014-49 describes proposed approach for the look-back measurement method, which may be used to determine if employee is a full-time.

Transition rules exist for 2014-2016 – See Notice 2013-45 (11/26/13) and preamble to final �4980H regs (TD 9655 (2/12/14)). 

Proposed regs - REG–138006–12 (1/2/13)

Ninety-Day Waiting Period Limitation and Technical Amendments to Certain Health Coverage Requirements Under the Affordable Care Act

 

ACA

Final regs

TD 9656 (2/24/14)

9801

9815

Issued by Departments of Treasury, Labor and Health and Human Services.

implement the 90-day waiting period limitation under section 2708 of the Public Health Service Act, as added by the Patient Protection and Affordable Care Act (Affordable Care Act), as amended, and incorporated into the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. These regulations also finalize amendments to existing regulations to conform to Affordable Care Act provisions. Specifically, these rules amend regulations implementing existing provisions such as some of the portability provisions added by the Health Insurance Portability and Accountability Act of 1996 (HIPAA) because those provisions of the HIPAA regulations have become superseded or require amendment as a result of the market reform protections added by the Affordable Care Act.”

Ninety-Day Waiting Period Limitation

 

ACA

Prop regs

REG-122706-12 (2/24/14)

9815

Issued by Departments of Treasury, Labor and Health and Human Services.

“clarify the maximum allowed length of any reasonable and bona fide employment-based orientation period, consistent with the 90-day waiting period limitation set forth in section 2708 of the Public Health Service Act, as added by the Patient Protection and Affordable Care Act (Affordable Care Act), as amended, and incorporated into the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code.”

Property Transferred in Connection with the Performance of Services under Section 83

Final regs

TD 9659 (2/26/14)

83

final regulations relating to property transferred in connection with the performance of services under section 83 of the Internal Revenue Code (Code). These final regulations affect certain taxpayers who receive property transferred in connection with the performance of services.”

Information Reporting by Foreign Financial Institutions and Withholding on Certain Payments to Foreign Financial Institutions

Final and temp regs

Prop regs

TD 9657 (3/6/14)

REG-130967-13 (3/6/14)

1471

1472

1473

1474

final and temporary regulations under chapter 4 of Subtitle A (sections 1471 through 1474) of the Internal Revenue Code of 1986 (Code) regarding information reporting by foreign financial institutions (FFIs) with respect to U.S. accounts and withholding on certain payments to FFIs and other foreign entities. These regulations affect persons making certain U.S.-related payments to FFIs and other foreign entities and payments by FFIs to other persons.”

Correction – FR37175 (7/1/14)

Correction – FR68619 (11/18/14)

Withholding of Tax on Certain U.S. Source Income Paid to Foreign Persons, Information Reporting and Backup Withholding on Payments Made to Certain U.S. Persons, and Portfolio Interest Treatment

Final and temp regs

Prop regs

TD 9658 (3/6/14)

REG-134361-12 (3/6/14)

871

1441

1461

3406

6041

6042

6045

6049

6402

final and temporary regulations that revise certain provisions of the final regulations regarding withholding of tax on certain U.S. source income paid to foreign persons, information reporting and backup withholding with respect to payments made to certain U.S. persons, portfolio interest paid to nonresident alien individuals and foreign corporations, and the associated requirements governing collection, refunds, and credits of withheld amounts under these rules. The revisions are necessary to coordinate these regulations with the documentation, withholding, and reporting provisions included in regulations regarding information reporting by foreign financial institutions (FFIs) with respect to U.S. accounts and withholding on certain payments to FFIs and other foreign entities under chapter 4 of Subtitle A of the Internal Revenue Code (Code). The temporary regulations also revise certain provisions of the final regulations relating to the statutory exemption for portfolio interest in light of amendments to the statute. Moreover, these temporary regulations remove certain transitional documentation rules from the regulations relating to withholding of tax on certain U.S. source income paid to foreign persons. These temporary regulations affect persons making payments of U.S. source income to foreign persons, persons making payments to certain U.S. persons subject to reporting, and foreign persons making claims for refund or credit of income tax withheld or claiming the exclusion from tax provided for portfolio interest.”

Correction – FR 22378 (4/22/14)

Correction – FR 37181 (7/1/14)

Information Reporting of Minimum Essential Coverage

 

ACA

Final regs

TD 9660 (3/10/14)

6055

6721

6722

final regulations providing guidance to providers of minimum essential health coverage that are subject to the information reporting requirements of section 6055 of the Internal Revenue Code (Code), enacted by the Patient Protection and Affordable Care Act. Health insurance issuers, certain employers, and others that provide minimum essential coverage to individuals must report to the IRS information about the type and period of coverage and furnish the information in statements to covered individuals. These final regulations affect health insurance issuers and carriers, employers, governments, and other persons that provide minimum essential coverage to individuals.”

Correction – FR 24331 (4/30/14)

Correction – FR 24331 (4/30/14)

Information Reporting by Applicable Large Employers on Health Insurance Coverage Offered Under Employer- Sponsored Plans

 

ACA

Final regs

TD 9661 (3/10/14)

6056

“final regulations providing guidance to employers that are subject to the information reporting requirements under section 6056 of the Internal Revenue Code (Code), enacted by the Affordable Care Act (generally employers with at least 50 full-time employees, including full-time equivalent employees). Section 6056 requires those employers to report to the IRS information about the health care coverage, if any, they offered to full-time employees, in order to administer the employer shared responsibility provisions of section 4980H of the Code. Section 6056 also requires those employers to furnish related statements to employees that employees may use to determine whether, for each month of the calendar year, they may claim on their individual tax returns a premium tax credit under section 36B (premium tax credit). The regulations provide for a general reporting method and alternative reporting methods designed to simplify and reduce the cost of reporting for employers subject to the information reporting requirements under section 6056. The regulations affect those employers, employees and other individuals.”

Qualified Payment Card Agent Program Removals

Prop regs

REG-163195-05 (3/24/14)

3406

6724

“This document contains proposed regulations that will remove regulations relating to information reporting and backup withholding for the Qualified Payment Card Agent (QPCA) Program. This document also amends regulations to remove references to the QPCA Program and withdraws proposed regulations relating to the QPCA Program. Enactment of the payment card and third party network reporting requirements in the Housing Assistance Tax Act of 2008 made the QPCA Program obsolete. Because no payors have applied to be designated as a QPCA (and no payors have been designated as a QPCA), no taxpayers will be affected by these proposed regulations.”

Designation of Payor to Perform Acts Required of an Employer

Final regs

TD 9662 (3/31/14)

3504

“final regulations under section 3504 of the Internal Revenue Code (Code) providing circumstances under which a person (payor) is designated to perform the acts required of an employer and is liable for employment taxes with respect to wages or compensation paid by the payor to individuals performing services for the payor’s client pursuant to a service agreement between the payor and the client.”

Correction – FR31219 (6/2/14)

Information Reporting for Affordable

Insurance Exchanges

 

ACA

Final regs

TD 9663 (5/7/14)

36B

“final regulations relating to requirements for Affordable Insurance Exchanges (Exchanges) to report information relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010. These final regulations apply to Exchanges that make qualified health plans available to individuals.”

IRS website

IRS Q&As

Acquiring Corporation for Purposes of Section 381

Prop regs

REG–131239–13 (5/7/14)

381

“modify the definition of an acquiring corporation for purposes of section 381 with regard to certain acquisitions of assets. The proposed regulations affect corporations that acquire the assets of other corporations in corporate reorganizations.”

Final regs – TD 9700 (11/10/14)

Limitations on Estates or Trusts

Final regs

TD 9664 (5/9/14)

67

“guidance on which costs incurred by estates or trusts other than grantor trusts (non-grantor trusts) are subject to the 2-percent floor for miscellaneous itemized deductions under section 67(a) of the Internal Revenue Code. These regulations affect estates and non-grantor trusts.”

Amended FR 41636 (7/17/14) to change effective date to be for tax years beginning on or after January 1, 2015 (rather than for tyba 5/9/14, as originally called for).

Tax Treatment of Qualified Retirement Plan Payment of Accident or Health Insurance Premiums

Final regs

TD 9665 (5/12/14)

72

105

106

401

402

403

“final regulations clarifying the rules regarding the tax treatment of payments by qualified retirement plans for accident or health insurance. The final regulations set forth the general rule under section 402(a) that amounts held in a qualified plan that are used to pay accident or health insurance premiums are taxable distributions unless described in certain statutory exceptions. The final regulations do not extend this result to arrangements under which amounts are used to pay premiums for disability insurance that replaces retirement plan contributions in the event of a participant’s disability. These regulations affect sponsors, administrators, participants, and beneficiaries of qualified retirement plans.”

Correction – FR 38247 (7/7/14)

Definitions of Real Estate Investment Trust Real Properties

Prop regs

REG-150760-13 (5/14/14)

856

 

“proposed regulations that clarify the definition of real property for purposes of the real estate investment trust provisions of the Internal Revenue Code (Code). These proposed regulations provide guidance to real estate investment trusts and their shareholders.”

Alternative Simplified Credit Election

Final and Temp regs

Prop regs

TD 9666 (6/3/14)

REG-133495-13 (6/3/14)

41

Rules related to the alternative simplified research tax credit, particularly with respect to how to elect this method.

Correction – FR 38809 (7/9/14)

Requirements for Filing Form 5472

Final regs

 

Prop regs

TD 9667 (6/6/14)

 

REG-114942-14 (6/6/14)

6038A

“final regulations on Form 5472, ‘‘Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.’’ The final regulations affect certain 25-percent foreign-owned domestic corporations and certain foreign corporations that are engaged in a trade or business in the United States that are required to file Form 5472. Contemporaneously, new proposed regulations are being issued that would remove a current provision for timely filing of Form 5472 separately from an income tax return that is untimely filed. As a result, the proposed regulations would require Form 5472 to be filed in all cases only with the filer’s income tax return for the taxable year by the due date (including extensions) of that return.”

Regulations Governing Practice before the Internal Revenue Service (Circular 230)

Final regs

TD 9668 (6/12/14)

Circular 230

“final regulations revising the regulations governing practice before the Internal Revenue Service (IRS). These final regulations affect individuals who practice before the IRS. These final regulations modify the standards governing written advice and update other related provisions of the regulations.”

Participation in a Summons Interview

Temp regs

 

Prop regs

TD 9669 (6/18/14)

REG-121542-14 (6/18/14)

7602

“temporary regulations modifying regulations promulgated under section 7602(a) of the Internal Revenue Code relating to administrative summonses. Specifically, these temporary regulations clarify that persons with whom the IRS or the Office of Chief Counsel (Chief Counsel) contracts for services described in section 6103(n) and its implementing regulations may be included as persons designated to receive summoned books, papers, records, or other data and to take summoned testimony under oath. These temporary regulations may affect taxpayers, a taxpayer’s officers or employees, and any third party who is served with a summons, as well as any other person entitled to notice of a summons.”

Note: IRC �6103(n) states: “(n) Certain other persons

Pursuant to regulations prescribed by the Secretary, returns and return information may be disclosed to any person, including any person described in section 7513(a), to the extent necessary in connection with the processing, storage, transmission, and reproduction of such returns and return information, the programming, maintenance, repair, testing, and procurement of equipment, and the providing of other services, for purposes of tax administration.”

IRC �7513(a) provides: “(a) In general The Secretary is authorized to have any Federal agency or any person process films or other photoimpressions of any return, document, or other matter, and make reproductions from films or photoimpressions of any return, document, or other matter.”

Appears to allow certain contractors connected with the IRS to participate in certain summons interviews.

Disregarded Entities; Religious and Family Member FICA and FUTA Exceptions; Indoor Tanning Services Excise Tax

 

ACA

Final regs and removal of temp regs

TD 9670 (6/26/14)

1361

3121

3127

3306

7701

“final regulations relating to disregarded entities (including qualified subchapter S subsidiaries) and the indoor tanning services excise tax. These final regulations affect disregarded entities responsible for collecting the indoor tanning services excise tax and owners of those disregarded entities. The final regulations also relate to disregarded entities and certain exceptions from taxes under the Federal Insurance Contributions Act and the Federal Unemployment Tax Act, as well as backup withholding rules and related information reporting requirements. These final regulations affect individual owners of disregarded entities. These regulations also affect the owners of disregarded entities subject to backup withholding rules.”

Ninety-Day Waiting Period Limitation

 

ACA

Final rules

Issued jointly by Treasury, HHS and DOL

TD 9671 (6/25/14)

9815

“clarify the maximum allowed length of any reasonable and bona fide employment-based orientation period, consistent with the 90-day waiting period limitation set forth in section 2708 of the Public Health Service Act, as added by the Patient Protection and Affordable Care Act (Affordable Care Act), as amended, and incorporated into the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code.”

As noted in the proposed regulations, one month  is the maximum period for a “reasonable and bona fide employment-based orientation period.” These rules explain how to measure one month (add one calendar month and then subtract one calendar day). Example: Employee’s start date is May 3. Last day for the orientation period is June 2.

Regulations apply to group health plans and group health insurance issuers for plan years beginning on or after 1/1/15.

Legal Process for the Enforcement of a Tax Levy or Criminal Restitution Order Against a Participant Account

 

Note – this is not an IRS regulation; it was issued by the Federal Retirement Thrift Investment Board

Prop rule

5 CFR Part 1653 (6/27/14)

 

“The Federal Retirement Thrift Investment Board (Agency) proposes to amend its regulations to explain the Board’s procedures for responding to tax levies and criminal restitution orders that comply with statutory requirements.”

Issued in response to P.L. 112-267 (1/14/13) that amends 5 USC “to make clear that accounts in the Thrift Savings Fund are subject to certain Federal tax levies.”

Tax Credit for Employee Health Insurance Expenses of Small Employers

 

ACA

Final regs

TD 9672 (6/30/14)

45R

“final regulations on the tax credit available to certain small employers that offer health insurance coverage to their employees. The credit is provided under section 45R of the Internal Revenue Code (Code), enacted by the Patient Protection and Affordable Care Act. These regulations affect small employers, both taxable and tax-exempt that are or might be eligible for the tax credit.”

IRS website on the credit with links to Form 8941.

Longevity Annuity Contracts

Final regs

TD 9673 (7/2/14)

401

403

408

408A

6047

“final regulations relating to the use of longevity annuity contracts in tax qualified defined contribution plans under section 401(a) of the Internal Revenue Code (Code), section 403(b) plans, individual retirement annuities and accounts (IRAs) under section 408, and eligible governmental plans under section 457(b). These regulations will provide the public with guidance necessary to comply with the required minimum distribution rules under section 401(a)(9) applicable to an IRA or a plan that holds a longevity annuity contract. The regulations will affect individuals for whom a longevity annuity contract is purchased under these plans and IRAs (and their beneficiaries), sponsors and administrators of these plans, trustees and custodians of these plans and IRAs, and insurance companies that issue longevity annuity contracts under these plans and IRAs."

Correction – FR 45682 (8/6/14)

Correction – FR 45683 (8/6/14)

Treasury Dept press release of 7/1/14.

                                                    

Guidelines for the Streamlined Process of Applying for Recognition of Section 501(c)(3) Status

Final and temp regs

Prop regs

TD 9674 (7/2/14)

REG-110948-14 (7/2/14)

501

508

“final and temporary regulations that provide guidance to eligible organizations seeking recognition of tax-exempt status under section 501(c)(3). The final and temporary regulations amend current regulations to allow the Commissioner to adopt a streamlined application process that eligible organizations may use to apply for recognition of tax-exempt status under section 501(c)(3).”

Correction – FR 39311 (7/10/14)

Correction – FR 41886 (7/18/14)

Individual Retirement Plans and Simplified Employee Pensions

Partial withdrawal of prop regs

REG–209459–78 (7/11/14)

408

“withdraws part of a notice of proposed rulemaking that specifically relates to rollovers from individual retirement arrangements (IRAs). The partial withdrawal of the proposed regulation will affect individuals who maintain IRAs and financial institutions that are trustees, custodians, or issuers of IRAs.”

The proposed regulations withdrawn are from 1981 - �1.408–4(b)(4)(ii) (46 FR 36198 (7/14/81)).

The regulations are withdrawn in response to Bobrow, TC Memo 2014–21, with held that �408(d)(3)(B) should be interpreted as allowing one IRA rollover per taxpayer per 12 month period rather than one per IRA per 12-month period as stated in the 1981 proposed regulations and IRS Pub 590. Also see Announcement 2014-15 where the IRS says it will not follow the interpretation of the Bobrow case to any rollover distribution until after 2014. Also see Announcement 2014-32.

As noted in the Bobrow case, the IRS observes: “This interpretation of the rollover rules under section 408(d)(1)(B) does not affect the ability of an IRA owner to transfer funds from one IRA trustee or custodian directly to another, because such a transfer is not a rollover and, therefore, is not subject to the one rollover-per year limitation of section 408(d)(3)(B). See Rev. Rul. 78–406, 1978–2 C.B. 157.”

IRS Truncated Taxpayer Identification Numbers

Final regs

TD 9675 (7/15/14)

6042

6043

6044

6045

6049

6050A

6050E

6050N

6050P

6050S

6109

 

“final regulations regarding an IRS truncated taxpayer identification number, or a TTIN. Where not prohibited by the Internal Revenue Code, applicable regulations, other guidance published in the Internal Revenue Bulletin, forms, or instructions, these regulations allow use of a TTIN in lieu of a taxpayer’s social security number (SSN), IRS individual taxpayer identification number (ITIN), IRS adoption taxpayer identification number (ATIN), or employer identification number (EIN) on payee statements and certain other documents. The TTIN displays only the last four digits of a taxpayer identifying number; either asterisks (*) or Xs replace the first five digits of the identifying number. These regulations affect persons that furnish or receive payee statements and other documents that the Internal Revenue Code, regulations, or other published guidance requires to be furnished to another person to the extent that a TTIN may appear in lieu of the SSN, ITIN, ATIN, or EIN of the payee or document recipient.”

Generally applicable to payee statements due after 2014.

Allocation and Apportionment of Interest Expense

Final regs

Removal of temp regs

TD 9676 (7/16/14)

861

“final regulations that provide guidance concerning the allocation and apportionment of interest expense by corporations owning a 10 percent or greater interest in a partnership, as well as the allocation and apportionment of interest expense using the fair market value method. These regulations also update the interest allocation regulations to conform to the statutory changes made by section 216 of the legislation commonly referred to as the Education Jobs and Medicaid Assistance Act (EJMAA), enacted on August 10, 2010, affecting the affiliation of certain foreign corporations for purposes of section 864(e). These regulations affect taxpayers that allocate and apportion interest expense.”

Correction FR49682 (8/22/14)

Disclosures of Return Information Reflected on Returns to Officers and Employees of the Department of Commerce for Certain Statistical Purposes and Related Activities

Temp regs

Prop regs

TD 9677 (7/15/14)

REG–120756–13 (7/15/14)

6103

“temporary regulations that authorize the disclosure of certain items of return information to the Bureau of the Census (Bureau) pursuant to section 6103(j)(1) of the Internal Revenue Code (Code). The temporary regulations are made pursuant to a request from the Secretary of Commerce. These regulations require no action by taxpayers and have no effect on their tax liabilities. Thus, no taxpayers are likely to be affected by the disclosures authorized by this guidance.”

Mixed Straddles; Straddle-by-Straddle Identification Under Section 1092

 

Final regs

Removal of temp regs

TD 9678 (7/18/14)

1092

“final regulations relating to section 1092 identified mixed straddles established after August 18, 2014. The final regulations explain how to account for unrealized gain or loss on a position held by a taxpayer prior to the time the taxpayer establishes a mixed straddle using straddle-by-straddle identification.

Information Reporting by Passport Applicants

Final regs

TD 9679 (7/18/14)

6039E

“final regulations that provide information reporting rules for certain passport applicants. These final regulations apply to certain individuals applying for passports (including renewals) and provide guidance to such individuals about the information that must be included with their passport applications.”

Research Expenditures

Final regs

TD 9680 (7/21/14)

174

“final regulations to amend the definition of research and experimental expenditures under section 174. In particular, these final regulations provide guidance on the treatment of amounts paid or incurred in connection with the development of tangible property, including pilot models. The final regulations will affect taxpayers engaged in research activities.”

Partnerships; Start-Up Expenditures; Organization and Syndication Fees

Final regs

TD 9681 (7/23/14)

195

708

709

“final regulations concerning the deductibility of start-up expenditures and organizational expenses for partnerships. The final regulations provide guidance regarding the deductibility of start-up expenditures and organizational expenses for partnerships following a termination of a partnership under section 708(b)(1)(B). These final regulations affect partnerships that undergo section 708(b)(1)(B) terminations and their partners.”

Effective date: While TD 9681 says the regulations are effective on 7/23/14, the body of the TD states that they apply to technical terminations that occur on or after 12/9/13 (the date the proposed regulations were issued - REG–126285–12).

Basis of Indebtedness of S Corporations to their Shareholders

Final regs

TD 9682 (7/23/14)

108

1366

1367

“final regulations relating to basis of indebtedness of S corporations to their shareholders. These final regulations provide that S corporation shareholders increase their basis of indebtedness of the S corporation to the shareholder only if the indebtedness is bona fide, which is determined under general Federal tax principles and depends upon all of the facts and circumstances. These final regulations affect shareholders of S corporations.”

 Effective date – 7/23/14.

Health Insurance Premium Tax Credit

Final and temp regs

Prop regs

TD 9683 (7/28/14)

REG-104579-13 (7/28/14)

36B

162(l)

“final and temporary regulations relating to the health insurance premium tax credit enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the Medicare and Medicaid Extenders Act of 2010, the Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011, and the Department of Defense and Full- Year Continuing Appropriations Act of 2011 and the 3% Withholding Repeal and Job Creation Act. These regulations affect individuals who enroll in qualified health plans through Affordable Insurance Exchanges (Exchanges) and claim the premium tax credit, and Exchanges that make qualified health plans available to individuals.”

Branded Prescription Drug Fee

Final regs

Temp regs

Removal of temp regs

TD 9684 (7/28/14)

REG-123286-14 (7/28/14)

51

6302

“final regulations that provide guidance on the annual fee imposed on covered entities engaged in the business of manufacturing or importing branded prescription drugs. This fee was enacted by section 9008 of the Patient Protection and Affordable Care Act, as amended by section 1404 of the Health Care and Education Reconciliation Act of 2010. This document also withdraws the Branded Prescription Drug Fee temporary regulations and contains new temporary regulations regarding the definition of controlled group that apply beginning on January 1, 2015. The final regulations and the new temporary regulations affect persons engaged in the business of manufacturing or importing certain branded prescription drugs.”

Method of Accounting for Gains and  Losses on Shares in Certain Money  Market Funds; Broker Returns With  Respect to Sales of Shares in Money Market Funds

 

Prop regs

REG-107012-14 (7/28/14)

446

6045

“proposed regulations that provide a simplified method of accounting for gains and losses on shares in money market funds (MMFs) that distribute, redeem, and repurchase their shares at prices that reflect market-based valuation of the MMFs’ portfolios and more precise rounding than has been required previously (floating net asset value MMFs, or floating-NAV MMFs). The proposed regulations also provide guidance regarding information reporting requirements for shares in MMFs. The proposed regulations respond to Securities and Exchange Commission (SEC) rules that change how certain MMF shares are priced. The proposed regulations affect floating- NAV MMFs and their shareholders.”

Also see Rev. Proc. 2014-45.

Fact Sheet released by Treasury on 7/23/14.

Segregation Rule Effective Date

Final and temp regs

Prop regs

TD 9685 (7/31/14)

REG-105067-14 (7/31/14)

382

“temporary regulations under section 382 that modify the effective date provision of recently published regulations. These regulations affect corporations whose stock is or was acquired by the Department of the Treasury (Treasury) pursuant to certain programs under the Emergency Economic Stabilization Act of 2008 (EESA).”

Material Advisor Penalty for Failure to Furnish Information Regarding Reportable Transactions

Final regs

Removal of temp regs

TD 9686 (7/31/14)

6707

“final regulations relating to the assessment of penalties against material advisors who fail to timely file a true and complete return. The regulations implement amendments made by the American Jobs Creation Act of 2004. These regulations affect material advisors responsible for disclosing reportable transactions.”

Awards for Information Relating to Detecting Underpayments of Tax or Violations of the Internal Revenue Laws

Final regs

TD 9687 (8/12/14)

6103

7623

“comprehensive guidance for the award program authorized under Internal Revenue Code (Code) section 7623. The regulations provide guidance on submitting information regarding underpayments of tax or violations of the internal revenue laws and filing claims for award, as well as on the administrative proceedings applicable to claims for award under section 7623. The regulations also provide guidance on the determination and payment of awards, and provide definitions of key terms used in section 7623. Finally, the regulations confirm that the Director, officers, and employees of the Whistleblower Office are authorized to disclose return information to the extent necessary to conduct whistleblower administrative proceedings. The regulations provide needed guidance to the general public as well as officers and employees of the IRS who review claims under section 7623.”

Retail Inventory Method

Final regs

TD 9688 (8/15/14)

471

"final regulations relating to the retail inventory method of accounting. The regulations restate and clarify the computation of ending inventory values under the retail inventory method and provide a special rule for certain taxpayers that receive margin protection payments or vendor allowances that are required to reduce only cost of goods sold. The regulations affect taxpayers that are retailers and use a retail inventory method."

See Rev Proc 2014-48 for the related accounting method change guidance.

Guidance Regarding Dispositions of Tangible Depreciable Property

Final regs and removal of temp regs

TD 9689 (8/18/14)

165

168

263

1016

"final regulations regarding dispositions of property subject to depreciation under section 168 of the Internal Revenue Code (Code) (Modified Accelerated Cost Recovery System (MACRS) property). The final regulations also amend the general asset account regulations and the accounting for MACRS property regulations. The final regulations provide rules for determining gain or loss upon the disposition of MACRS property, determining the asset disposed of, and accounting for partial dispositions of MACRS property. The final regulations affect taxpayers that dispose of MACRS property. The final regulations also remove temporary regulations under section 168 regarding general asset accounts and disposition of MACRS property."

Correction – FR 78696 (12/31/14)

Related method changes – see Rev. Proc. 2014-54.

Coverage of Certain Preventive Services under the Affordable Care Act

 

ACA

Interim final rules

Proposed rules

TD 9690 (8/27/14)

REG 129786-14 (8/27/14)

9815

“interim final regulations regarding coverage of certain preventive services under section 2713 of the Public Health Service Act (PHS Act), added by the Patient Protection and Affordable Care Act, as amended, and incorporated into the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code. Section 2713 of the PHS Act requires coverage without cost sharing of certain preventive health services by non-grandfathered group health plans and health insurance coverage. Among these services are women’s preventive health services, as specified in guidelines supported by the Health Resources and Services Administration (HRSA). As authorized by the current regulations, and consistent with the HRSA Guidelines, group health plans established or maintained by certain religious employers (and group health insurance coverage provided in connection with such plans) are exempt from the otherwise applicable requirement to cover certain contraceptive services. Additionally, under current regulations, accommodations are available with respect to the contraceptive coverage requirement for group health plans established or maintained by eligible organizations (and group health insurance coverage provided in connection with such plans), and student health insurance coverage arranged by eligible organizations that are institutions of higher education, that effectively exempt them from this requirement. The regulations establish a mechanism for separately furnishing payments for contraceptive services on behalf of participants and beneficiaries of the group health plans of eligible organizations that avail themselves of an accommodation, and enrollees and dependents of student health coverage arranged by eligible organizations that are institutions of higher education that avail themselves of an accommodation. These interim final regulations augment current regulations in light of the Supreme Court’s interim order in connection with an application for an injunction in Wheaton College v. Burwell, 134 S. Ct. 2806 (2014) (Wheaton order). These interim final regulations provide an alternative process that an eligible organization may use to provide notice of its religious objections to providing contraceptive coverage, while preserving participants’ and beneficiaries’ (and enrollees’ and dependents’) access to coverage for the full range of Food and Drug Administration (FDA)-approved contraceptives, as prescribed by a health care provider, without cost sharing.”

Effective 8/27/14.

Debt That Is a Position in Personal Property That Is Part of a Straddle

Final regs and removal of temp regs

TD 9691 (8/27/14)

1092

“final regulations relating to the application of the straddle rules to a debt instrument.  The final regulations clarify that a taxpayer’s obligation under a debt instrument can be a position in personal property that is part of a straddle. The final regulations primarily affect taxpayers that issue debt instruments that provide for one or more payments  that reference the value of personal property or a position in personal property.”

Authority for Voluntary Withholding on Other Payments

Final regs and removal of temp reg

TD 9692 (9/16/14)

3402

“final regulations under section 3402(p) relating to voluntary withholding agreements. The final regulations allow the Secretary to issue guidance in the Internal Revenue Bulletin to describe payments for which the Secretary finds that income tax withholding under a voluntary withholding agreement would be appropriate. The regulations affect persons making and persons receiving payments for which the IRS issues subsequent guidance authorizing the parties to enter into voluntary withholding agreements.”

Additional Rules Regarding Hybrid Retirement Plans

Final regs

TD 9693 (9/19/14)

411

“final regulations providing guidance relating to applicable defined benefit plans. Applicable defined benefit plans are defined benefit plans that use a lump sum-based benefit formula, including cash balance plans and pension equity plans, as well as other hybrid retirement plans that have a similar effect. These regulations provide guidance relating to certain provisions that apply to applicable defined benefit plans that were added to the Internal Revenue Code (Code) by the Pension Protection Act of 2006, as amended by the Worker, Retiree, and Employer Recovery Act of 2008. These regulations affect sponsors, administrators, participants, and beneficiaries of these plans.”

Market Rate of Return Rules for Hybrid Retirement Plans; Transitional Amendments

Prop regs

REG–111839–13 (9/19/14)

411

“proposed regulations that would provide guidance regarding certain amendments to applicable defined benefit plans. Applicable defined benefit plans are defined benefit plans that use a lump sum-based benefit formula, including cash balance plans and pension equity plans, as well as other hybrid retirement plans that have a similar effect. These proposed regulations would permit an applicable defined benefit plan that does not comply with the requirement that the plan not provide for interest credits (or equivalent amounts) at an effective rate that is greater than a market rate of return to comply with that requirement by changing to an interest crediting rate that is permitted under the final hybrid plan regulations, without violating the anti-cutback rules of section 411(d)(6). These regulations would affect sponsors, administrators, participants, and beneficiaries of these plans. This document also provides a notice of a public hearing on these proposed regulations.”

Removal of Allocation Rule for

Disbursements From Designated Roth

Accounts to Multiple Destinations

Prop regs

REG–105739–11 (9/19/14)

402A

“proposed amendments to the regulations that address the tax treatment of distributions from designated Roth accounts under tax favored retirement plans. The proposed regulations would limit the applicability of the rule regarding the allocation of after-tax amounts when disbursements are made to multiple destinations so the allocation rule applies only to distributions made before the earlier of January 1, 2015 or a date chosen by the taxpayer that is on or after September 18, 2014. These regulations would affect administrators of, employers maintaining, participants in, and beneficiaries of designated Roth accounts under tax-favored retirement plans.”

The $500,000 Deduction Limitation for Remuneration Provided by Certain Health Insurance Providers

 

ACA

Final regs

TD 9694 (9/23/14)

162(m)

“final regulations on the application of the $500,000 deduction limitation for remuneration provided by certain health insurance providers under section 162(m)(6). These regulations affect certain health insurance providers providing remuneration that exceeds the deduction limitation.“

Employee Retirement Benefit Plan Returns Required on Magnetic Media

Final regs

TD 9695 (9/29/14)

6057

6058

6059

“final regulations relating to the requirements for filing certain employee retirement benefit plan statements, returns, and reports on magnetic media. The term magnetic media includes electronic filing, as well as other magnetic media specifically permitted under applicable regulations, revenue procedures, publications, forms, instructions, or other guidance on the IRS.gov Internet Web site. These regulations affect plan administrators and employers maintaining retirement plans that are subject to various employee benefit reporting requirements under the Internal Revenue Code (Code).”

Local Lodging Expenses

Final regs

TD 9696 (10/1/14)

162

262

“final regulations relating to the deductibility of expenses for lodging when an individual is not traveling away from home (local lodging). The regulations affect taxpayers who pay or incur local lodging expenses.”

Correction – FR 65142 (11/3/14)

Excepted Benefits Amendments

 

ACA

Final regs

TD 9697 (10/1/14)

9831

“amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code (the Code), and the Public Health Service Act. Excepted benefits are generally exempt from the health reform requirements that were added to those laws by the Health Insurance Portability and Accountability Act and the Patient Protection and Affordable Care Act. In addition, eligibility for excepted benefits does not preclude an individual from eligibility for a premium tax credit under section 36B of the Code if an individual chooses to enroll in coverage under a Qualified Health Plan through an Affordable Insurance Exchange. These regulations finalize some but not all of the proposed rules with minor modifications; additional guidance on limited wraparound coverage is forthcoming.”

Effective 12/1/14.

Removal of 36-Month Non-Payment Testing Period Rule

Prop regs

REG-146676-13 (10/15/14)

6050P

“proposed regulations that will remove a rule that a deemed discharge of indebtedness for which a Form 1099–C, ‘‘Cancellation of Debt,’’ must be filed occurs at the expiration of a 36-month non-payment testing period. The Department of the Treasury and the IRS are concerned that the rule creates confusion for taxpayers and does not increase tax compliance by debtors or provide the IRS with valuable third party information that may be used to ensure taxpayer compliance. The proposed regulations will affect certain financial institutions and governmental entities.”

   Issued in response to the IRS request via Notice 2012-65 to obtain comments on the 36-month identifiable event rule for issuing a Form 1099-C (one of several possible identifiable events).

Highway Use Tax; Sold Vehicles and

Electronic Filing; Taxable Period

Beginning July 1, 2011

Final regs

Removal of temp regs

TD 9698 (10/29/14)

4481

4483

6001

6011

6071

6151

6156

“final regulations that provide guidance on the mandatory electronic filing of Form 2290, ‘‘Heavy Highway Vehicle Use Tax Return,’’ for 25 or more vehicles; credits or refunds for sold, destroyed, or stolen vehicles; and the tax liability and computation of tax on the use of certain second-hand vehicles. The regulations affect owners and operators of highway motor vehicles with a taxable gross weight of 55,000 pounds or more. These final regulations also remove the temporary regulations that provide guidance on the filing of Form 2290 and payment of the associated highway use tax for the taxable period beginning July 1, 2011.”

Removal of the Qualified Payment Card Agent Program

Final regs

TD 9699 (10/27/14)

3406

6724

“final regulations that will remove regulations relating to information reporting and backup withholding for the Qualified Payment Card Agent (QPCA) Program. This document also amends regulations to remove references to the QPCA Program. Enactment of the payment card and third party network reporting requirements in the Housing Assistance Tax Act of 2008 made the QPCA Program obsolete. Because no payors have applied to be designated as a QPCA (and no payors have been designated as a QPCA), no taxpayers will be affected by these final regulations.”

Certain Distributions Treated as Sales or Exchanges

Prop regs

REG-151416-06 (11/3/14)

617

704

732

736

751

995

1231

1245

1248

1250

1252

1254

6050K

“proposed regulations that prescribe how a partner should measure its interest in a partnership’s unrealized receivables and inventory items, and that provide guidance regarding the tax consequences of a distribution that causes a reduction in that interest. The proposed regulations take into account statutory changes that have occurred subsequent to the issuance of the existing regulations. The proposed regulations affect partners in partnerships that own unrealized receivables and inventory items and that make a distribution to one or more partners.”

Correction – FR 3926 (1/26/15)

Allocation of Earnings and Profits in

Tax-Free Transfers From One

Corporation to Another; Acquiring

Corporation for Purposes of Section

381

Final regs

TD 9700 (11/10/14)

381

“final regulations under section 312 that clarify the regulations under section 312 regarding the allocation of earnings and profits in tax-free transfers from one corporation to another. These regulations affect corporations involved in these transfers and their shareholders. This document also contains final regulations under section 381 that modify the definition of an acquiring corporation for purposes of section 381 with regard to certain acquisitions of assets. These regulations affect corporations that acquire the assets of other corporations in corporate reorganizations.”

Arbitrage Rebate Overpayments on Tax-Exempt Bonds

Final regs

TD 9701 (11/13/14)

148

“final regulations that provide guidance on the recovery of overpayments of arbitrage rebate on tax-exempt bonds and other tax-advantaged bonds. These final regulations provide the deadline for filing a claim for an arbitrage rebate overpayment and certain other rules. These final regulations affect issuers of tax-exempt and tax-advantaged bonds.”

Allocation of Basis in All Cash D Reorganizations

Final regs and removal of temp regs

TD 9702 (11/12/14)

358

“final regulations regarding the determination of the basis of stock or securities in certain reorganizations where no stock or securities of the issuing corporation is issued and distributed in the transaction. These final regulations clarify that only a shareholder that owns actual shares in the issuing corporation in such a reorganization can designate the actual share of stock of the issuing corporation to which the basis, if any, of the stock or securities surrendered will attach. These regulations affect corporations engaging in such transactions and their shareholders.”

Effective 11/12/14.

Balanced System for Measuring Organizational and Employee Performance within the Internal Revenue Service

Temp and final regs

Prop regs

TD 9703 (11/13/14)

REG-138605-13 (11/13/14)

Reg 801

Relate “to the IRS system for measuring organizational and employee performance within the IRS, by measuring customer satisfaction, employee satisfaction, and business results. The temporary regulation will eliminate the requirement that information measuring employee satisfaction must be reported to the first level supervisor in addition to other levels throughout the organization, thus permitting the IRS to stop using the IRS specific Workforce Questionnaire and, instead, use the same employee satisfaction survey that is used government-wide.”

Failure To File Gain Recognition Agreements or Satisfy Other Reporting Obligations

Final regs, temp regs and removal of temp regs

TD 9704 (11/19/14)

367

6038B

“final and temporary regulations relating to the consequences to U.S. and foreign persons for failing to file gain recognition agreements (GRAs) or related documents, or to satisfy other reporting obligations, associated with certain transfers of property to foreign corporations in nonrecognition exchanges. The regulations are necessary to update and clarify the rules that apply when a U.S. or foreign person fails to file a GRA or related documents or to satisfy other reporting obligations. These regulations affect U.S. and foreign persons that transfer property to foreign corporations in nonrecognition exchanges.”

Correction – FR 166 (1/5/15)

Minimum Essential Coverage Regarding the Shared Responsibility Payment for Individuals

 

ACA

 

This is the individual mandate (penalty) for not having minimum essential coverage for any month, starting 1/1/14. If an exemption is met for any month, the penalty is not owed.

Final regs

TD 9705 (11/26/14)

5000A

“final regulations relating to the requirement to maintain minimum essential coverage enacted by the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended by the TRICARE Affirmation Act and Public Law 111– 173 (collectively, the Affordable Care Act). These final regulations provide individual taxpayers with guidance under section 5000A of the Internal Revenue Code on the requirement to maintain minimum essential coverage and rules governing certain types of exemptions from that requirement.”

 Adds 1.5000A-3(h)(3) allowing a hardship exemption without certification in certain situations.

  Effective on 11/26/14. “For date of applicability, see � 1.5000A–5(c).”

  See instructions and worksheets with Form 8965 to calculate the penalty. And see IRS website.

HHS ACA Regs on Minimum Value

 

ACA

 

[I included this in this list of 2014 tax regulations to help illustrate the interconnectedness of ACA guidance from HHS, DOL and IRS. These lengthy proposed regulations also address what is considered minimum value and minimum essential coverage which is relevant for the premium tax credit, and individual and employer mandates.]

Proposed rule

CMS-9944-P (11/26/14)

 

“would set forth payment parameters and provisions related to the risk adjustment, reinsurance, and risk corridors programs; cost sharing parameters and cost-sharing reductions; and user fees for Federally-facilitated Exchanges. It would also provide additional standards for the annual open enrollment period for the individual market for benefit years beginning on or after January 1, 2016, essential health benefits, qualified health plans, network adequacy, quality improvement strategies, the Small Business Health Options Program, guaranteed availability, guaranteed renewability, minimum essential coverage, the rate review program, the medical loss ratio program, and other related topics.”

Also see Notice 2014-69.  The agencies will tighten up the rules on what is considered MV for tax years ending on or after 1/1/15 (apparently once these regs are finalized).

To see the connection between minimum value (MV) and both the employer shared responsibility payment and the premium tax credit. The agencies are concerned that an earlier interpretation of MV allowed exclusion of inpatient hospital or physician services to be excluded from policies. This enabled ALEs to offer MV coverage (but that employees unlikely want), which if affordable, would deny full-time employees the ability to claim a PTC thus preventing the ALE from having a 4980H penalty.

Reporting of Specified Foreign Financial Assets

Final regs and removal of temp regs

TD 9706 (12/12/14)

6038D

“final regulations providing guidance relating to the provisions of the Hiring Incentives to Restore Employment (HIRE) Act that require specified foreign financial assets to be reported to the Internal Revenue Service for taxable years beginning after March 18, 2010. In particular, the final regulations provide guidance relating to the requirement that individuals attach a statement to their income tax return to provide required information regarding specified foreign financial assets in which they have an interest. The final regulations affect individuals required to file Form 1040, ‘‘U.S. Individual Income Tax Return,’’ or Form 1040–EZ, ‘‘Income Tax Return for Single and Joint Filers With No Dependents,’’ and certain individuals required to file Form 1040– NR, ‘‘Nonresident Alien Income Tax Return,’’ or Form 1040NR–EZ, ‘‘U.S. Income Tax Return for Certain Nonresident Aliens with No Dependents.’’”

Effective 12/12/14.

Form 8938

Amendments to Excepted Benefits

 

ACA

Prop regs

REG–132751–14 (12/23/14)

9831

“proposed rules that would amend the regulations regarding excepted benefits under the Employee Retirement Income Security Act of 1974, the Internal Revenue Code (the Code), and the Public Health Service Act related to limited wraparound coverage. Excepted benefits are generally exempt from the requirements that were added to those laws by the Health Insurance Portability and Accountability Act and the Patient Protection and Affordable Care Act.”

Nonrecognition of Gain or Loss on

Certain Dispositions of Installment

Obligations

Prop regs

REG–109187–11 (12/23/14)

351

361

453B

721

“proposed regulations relating to the nonrecognition of gain or loss on certain dispositions of an installment obligation. In general, under the proposed regulations a transferor does not recognize gain or loss on certain dispositions of an installment obligation if gain or loss is not recognized on the disposition under another provision of the Internal Revenue Code. The proposed regulations also provide that this general rule does not apply to the satisfaction of an installment obligation. For example, an installment obligation of an issuer, such as a corporation or partnership, is satisfied when the holder transfers the obligation to the issuer for an equity interest in the issuer.”

Filing of Form 5472

Final regs

TD 9707 (12/24/14)

6038A

“final regulations concerning the manner of filing Form 5472, ‘‘Information Return of a 25% Foreign-Owned U.S. Corporation or a Foreign Corporation Engaged in a U.S. Trade or Business.’’ The final regulations affect certain 25- percent foreign-owned domestic corporations and certain foreign corporations that are engaged in a trade or business in the United States that are required to file Form 5472.”

Effective on 12/24/14.

Summary of Benefits and Coverage and Uniform Glossary

 

ACA

Prop regs

REG–145878–14 (12/30/14)

9815

“proposed regulations regarding the summary of benefits and coverage (SBC) and the uniform glossary for group health plans and health insurance coverage in the group and individual markets under the Patient Protection and Affordable Care Act. It proposes changes to the regulations that implement the disclosure requirements under section 2715 of the Public Health Service Act to help plans and individuals better understand their health coverage, as well as to gain a better understanding of other coverage options for comparison. It proposes changes to documents required for compliance with section 2715 of the Public Health Service Act, including a template for the SBC, instructions, sample language, a guide for coverage example calculations, and the uniform glossary.”

Additional information from.

 

Additional Requirements for Charitable Hospitals: Community Health Needs Assessments for Charitable Hospitals; Requirement of a Excise Tax Return and Time for Filing the Return

Final regs and removal of temp regs

TD 9708 (12/31/14)

501(f)

4959

6011

6012

6033

6071

“final regulations that provide guidance regarding the requirements for charitable hospital organizations added by the Patient Protection and Affordable Care Act of 2010. The regulations will affect charitable hospital organizations.”


This page last updated January 26, 2015

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Last Modified: Jul 6, 2015