For employees to evaluate the true tax benefits, they must understand the wellness programs and plans being offered.
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Affordable Care Act (ACA)
The ABCs of Form 1095
Understanding forms 1095-A and 1095-B can help in preparing clients’ individual income tax
returns and fulfilling their professional due-diligence responsibilities.
The Cadillac Tax: How to Address Questions Your Clients May Have
Many business decision-makers will have questions about whether the tax applies to them and whether it can be avoided altogether.
Employer Beware: Affiliated Service Group Is a Single Employer for Benefit and Health Care Coverage Testing
Practitioners may not know how the affiliated service group rules apply to various situations.
IRS Releases 2017 Health Savings Account Limits
The IRS issued the inflation-adjusted figures for calendar year 2017 for the annual contribution limits for health savings accounts.
“Cadillac” Health Plan Excise Tax Delayed Until 2020
The so-called Cadillac plan excise tax is now scheduled to take effect in 2020.
IRS Extends Health Care Information Return Due Dates
In response to concerns by employers and insurers about meeting the current due dates for information returns required under the health care law, the IRS delayed the due dates for these returns for the upcoming filing season.
IRS Notice Fills in Many Gaps in Health Coverage Rules
Twenty-six Q&As issued by the IRS provide further guidance on a wide variety of issues affecting employer-provided health coverage under the Patient Protection and Affordable Care Act.
Current Developments in Employee Benefits and Compensation
This article details notable developments
in the PPACA and tax-qualified retirement plans.
New Information-Reporting Requirements for Employers Under the Affordable Care Act
This column summarizes what applicable large
employers need to know about the reporting requirements.
Government Agencies Issue Final Health Care Regulations
The IRS, the Employee Benefits Security Administration, and the U.S. Department of Health and Human Services jointly issued final regulations governing many aspects of the Patient Protection and Affordable Care Act.
For Minimum Value, Employer Must Cover Inpatient Hospital and Physician Services
The IRS has proposed a requirement for employer-sponsored health plans to count as providing minimum value.
Tax Planning Businesses Can Do Before Year End
Here are some suggestions to help business clients reduce 2015 taxes by accelerating deductions into this year and delaying income until next year.
Employer Health Plans Must Cover Inpatient Hospital and Physician Services
The IRS added a requirement that employer-sponsored health plan benefits must include substantial coverage of inpatient hospital and physician services for the plan to count as providing minimum value.
Paying the Price for Cadillac Coverage Under the Affordable Care Act
The PPACA added a new 40% nondeductible excise tax on high-cost health coverage, commonly referred to as the “Cadillac tax.”
Common Employer Practices May Be Insufficient for New PPACA Reporting Requirement
Beginning in January 2016, "applicable large employers" (ALEs) that are subject to the Patient Protection and Affordable Care Act’s (PPACA’s) employer shared-responsibility provisions under Sec. 4980H will have new reporting requirements under Sec. 6056.
2016 Inflation-Adjusted Amounts for HSAs and High-Deductible Health Plans
The IRS issued the inflation-adjusted figures for calendar year 2016 for the annual contribution limits for health savings accounts and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible health plans.
Notice Clarifies Provider List Rules for Charitable Hospital Financial Assistance Policies
The IRS clarified the requirement in Regs. Sec. 1.501(r)-4(b)(1)(iii)(F) that a charitable hospital organization include a provider list in its financial assistance policy.
Congress Makes Changes to Tax Code in Trade Preferences Act
The Trade Preferences Extension Act of 2015 contains tax provisions in addition to the trade measures that were the focus of the bill.
Supreme Court Upholds Health Insurance Subsidies in Federal Exchanges
The Supreme Court upheld the availability of premium tax credits under Sec. 36B when they are provided through health exchanges run by the federal government.
employee benefits & pensions
Profits interests: The most tax-efficient equity grant to employees
By granting them a profits interest, entities taxed as partnerships can reward employees with equity. Mistakes, however, could cause challenges from taxing authorities.
