The health care bill released by Senate Republicans on Thursday would retain the Affordable Care Act’s 3.8% net investment tax and the 0.9% Medicare surtax.
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Employee Benefits
Court grants hardship waiver for rollover failure
The Tax Court held it would be against “equity or good conscience” to deny an ex-NYPD police officer a hardship waiver for failing to meet the rollover requirement while he was suffering from a “major depressive disorder.”
IRS issues 2018 inflation adjustments for HSAs
The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts.
Tax provisions in the Senate health care bill
The Senate Republicans’ bill to replace Obamacare would repeal many of the Affordable Care Act’s tax provisions. Here’s a look at the tax changes in the bill.
Deferred compensation: The proposed Sec. 457(f) regulations and Sec. 409A
This article discusses the treatment of Sec. 457(f) plans under the new regulations.
2018 health savings account limits increase slightly
The IRS released the 2018 annual inflation-adjusted amounts that apply to health savings accounts.
IRS cannot recharacterize DISC commissions paid to Roth IRA
The IRS could not recharacterize, under the
substance-over-form doctrine, commissions paid by a DISC to two Roth IRAs as dividends..
Correcting employee plan errors outside EPCRS
This item discusses errors that are not correctable through EPCRS.
Proposed PPACA replacement bills contain many tax changes
The draft proposals to repeal the Affordable Care Act released by House Republicans evening would make many tax changes if enacted. Here’s a look at their impact on the tax code.
HRAs Are No Longer Prohibited Under the Patient Protection and Affordable Care Act
New law allows certain small businesses to use HRAs without incurring penalties under the PPACA.
Proposed Regulations Provide Helpful Guidance for Sec. 457(f) Plans
This item provides background information on Sec. 457(f) plans and highlights certain aspects of the proposed regulations.
PPACA Reporting Deadline Is Extended
The IRS announced extended due dates for information returns required to be filed under the Patient Protection and Affordable Care Act.
Congress Enacts Law Allowing HRAs Under the Affordable Care Act
The Senate passed the 21st Century Cures Act, which, among other things, permits certain employers to offer health reimbursement arrangements to employees without running afoul of the Patient Protection and Affordable Care Act’s market reform provisions.
Self-Certification Spells Relief for Late IRA Rollovers
The IRS self-certification procedure allows taxpayers who fail to meet the 60-day rollover requirement to claim eligibility for a waiver.
IRS Extends Due Dates for PPACA Forms and Penalty Relief
In response to concerns from employers, insurers, and other providers of minimum essential coverage, the Internal Revenue Service announced that it is extending the due dates for certain health care forms required under the Patient Protection and Affordable Care Act.
Final Rules Permit Split Pension Benefits
The IRS issued new rules giving retirement plan participants greater flexibility in choosing how to receive their pension benefits.
Treatment of Wellness Program Benefits and Employer Reimbursements Under a Sec. 125 Cafeteria Plan
For employees to evaluate the true tax benefits, they must understand the wellness programs and plans being offered.
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.
2017 Pension Contribution Limits Announced
While many limits remained the same as 2016, some were raised to reflect cost-of-living increases.
DOL’s Final Overtime Rule Has Traps for the Unwary
Various definitions of compensation may need to be accommodated or modified.
TAX PRACTICE MANAGEMENT
2025 tax software survey
AICPA members in tax practice assess how their return preparation software performed during tax season and offer insights into their procedures.
