2017

IRS and DOL Publish Guidance for Those Impacted by Hurricane Irma

September, 25 2017

Similar to action taken a few weeks ago in response to Hurricane Harvey, the IRS and DOL both recently published guidance containing certain relief for those individuals and businesses in Hurricane Irma’s path.

IRS and DOL Publish Guidance for Those Impacted by Hurricane Harvey

September, 15 2017

The IRS and DOL both recently published guidance containing some relief for those individuals and businesses in designated Texas counties that have been impacted by Hurricane Harvey. Specifically, the IRS offered extensions for certain tax filing deadlines that applies automatically to any individual or business who resides with the affected Texas counties (as outlined in the notice). As a result, if a form was due on or after Aug. 23, 2017, the form is now due on Jan. 31, 2018. The relief would apply to those employers that may have previously applied for a Form 5500 filing extension (either automatically or via Form 5558), as well as for any quarterly payroll/employment/excise tax filings due. Employers should work with their broker and/or professional accountant (or outside tax counsel) when it comes to appropriately filing extensions.

Fighting for Commuter Benefits in Tax Reform

May, 8 2017

The new Congress and particularly the House Ways & Means Committee continue work on legislation to simplify and reform the tax code. One potential provision could be the elimination of the Commuter Benefit (IRC Section 132(f)). The threat of eliminating the parking and transit benefit is real and the consequences are significant.

MTA NYCT Fare Increase Effective April 2017 Benefit Month

March, 9 2017

The MTA New York City Transit (NYCT) has confirmed an approved fare increase that is effective on March 19, 2017, corresponding with the April 2017 benefit month.

It is our understanding there will be a fare increase for both Metro North Railroad (MNR) and Long Island Rail Road (LIRR), which will also correspond to the April 2017 benefit month.

Use commuter benefits cards to pay for uberPOOL and Lyft Line rides

February, 23 2017

American Benefits Group, a leading national provider of pre-tax commuter benefits announces a new addition to our commuter benefits program. We have recently partnered with Uber and Lyft to offer a solution that will allow employees to pay for uberPOOL and Lyft Line rides with their ABG Prepaid MasterCard and the Commuter Check Prepaid MasterCard. Beginning immediately, employees can use their Commuter Benefit to pay for uberPOOL and Lyft Line rides to commute to and from work.

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