A number of wellness plans and health plan arrangements have been marketed to employers as a way to save employment and income taxes for employers and employees.
A taxpayer’s end run around an IRA custodian does not result in a taxable IRA distribution.
The IRS recently released Field Attorney Advice providing guidance on the taxability of an employee discount plan.
Due to “extremely low” demand and high costs, the Treasury Department announced that it is ending the myRA retirement savings program.
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.
The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts.
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.”
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.
This article discusses the treatment of Sec. 457(f) plans under the new regulations.
The IRS released the 2018 annual inflation-adjusted amounts that apply to health savings accounts.
The IRS could not recharacterize, under the substance-over-form doctrine, commissions paid by a DISC to two Roth IRAs as dividends..
This item discusses errors that are not correctable through EPCRS.
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.
New law allows certain small businesses to use HRAs without incurring penalties under the PPACA.
The IRS announced extended due dates for information returns required to be filed under the Patient Protection and Affordable Care Act.
This item provides background information on Sec. 457(f) plans and highlights certain aspects of the proposed regulations.
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.
The IRS self-certification procedure allows taxpayers who fail to meet the 60-day rollover requirement to claim eligibility for a waiver.
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.
For employees to evaluate the true tax benefits, they must understand the wellness programs and plans being offered.