IRS priority guidance list for fiscal year 2007-2008 which began July 1, 2007 was published on August 13, 2007.
Highlights include:
- Guidance on automatic enrollment as added by the Pension Protection Act of 2006.
- Guidance on Form 5500 reporting as a result of the Pension Protection Act of 2006.
- Guidance on issues on Health Savings Accounts (HSAs)
- Guidance on welfare benefit funds.
- Guidance on deductions for contributions to a welfare benefit fund.
- Final regulations under section 3121 regarding the definition of salary reduction agreement.
- Proposed regulation under section 4980G regarding calculation of the applicable premium for COBRA continuation coverage.
- Final regulations under section 4980G on comparable HSA contributions. Proposed regulations were published on June 1, 2007.
For the complete list, click here.