# Tax Credit for Small Employers

Size: px
Start display at page:

## Transcription

1 Employers Defined: Tax Credit Small employer definition for Tax Credit - number of full-time employees Fewer than 25 full-time employees with average wages of less than \$50,000 Divide total hours for which employer pays wages by 2,080 to compute FTE Designed to prevent use of part-timers to avoid coverage requirements! 114 Tax Credit for Small Employers Available for Two Years Phases out for More than 10 employees When average wages exceed \$25,000 Offsets deduction for insurance 35% of cost for , and 50% thereafter 25%-35% for non-profits No Federal requirement to offer coverage See Notice

2 Tax Credit for Small Employers Full credit is only available to employers with 10 or fewer FTEs with an average annual wage of \$25,000 or less and phases out above those levels. It is not available to the self-employed and only covers employees, not owners or their families. Of little or no value to C Corporations Most pay no income tax 116 Tax Credit for Small Employers Qualifying Health Insurance Coverage A qualifying arrangement is an arrangement under which the employer pays premiums for each employee enrolled in health insurance coverage offered by the employer in an amount equal to a uniform percentage (not less than 50 percent) of the premium cost of the coverage (but see section V of this notice for transition relief for taxable years beginning in 2010 with respect to the requirements for a qualifying arrangement). 117

3 Tax Credit for Small Employers Example: Premiums actually paid by the employer multiplied credit 96,000*.35=33,600 (assume 12 FTE) First Reduction: Credit times fraction: Numerator is number of FTEs minus 10 Denominator is 15 FTEs = (12-10)/15=.20*33,600=4,480 If FTE = 25 FTEs = (25-10)/15=1.00*33,600=33,600 33,600-33,600 = NO CREDIT 118 Tax Credit for Small Employers Second Reduction: Credit times fraction: Numerator is average wage minus 25,000 the denominator is 25,000 Average = (30-25)/25=.20*33,600=6,720 Credit is of 33,600-4,480-6,720 Therefore 22,400 If average wage = 50,000 Average = (50-25)/25=1.00*35,000=35,000 35,000-21,000 or 35,000-35,000: NOTHING 119

4 Tax Credit for Small Employers Note: Credit is capped at the sum of the taxes withheld by the employer plus the employee and employer share of the Medicare tax for tax exempts since credit is nonrefundable My Personal view? Worthless or mostly so 120 Tax Credit for Small Employers Nurse 50,000 65,000 70,000 Office Mgr 35,000 45,000 50,000 Receptionist 20,000 25,000 25,000 File Clerk 16,000 16,000 20,000 Office Person 24,000 28,000 32,000 Thanks to Michigan CPA Jim Eddy for contributing this example. Total Wages 145, , ,000 Average 29,000 35,800 39,400 Phase Out 4,000 10,800 14,400 Denominator 25,000 25,000 25,000 Phase Out % 16.0% 43.2% 57.6% Health Prem Paid 35,000 35,000 35,000 Credit % 35% 35% 35% Full Credit 12,250 12,250 12,250 Phase Out \$ 1,960 5,292 7,056 Credit 10,290 6,958 5,194 Employer that has less than 10 employees could have an average w up to \$50,000, not counting the owners, ans still be eligible for the 121

5 Part III - Administrative, Procedural, and Miscellaneous Section 45R Tax Credit for Employee Health Insurance Expenses of Small Employers Notice I. PURPOSE AND BACKGROUND Section 45R of the Internal Revenue Code (Code) offers a tax credit to certain small employers that provide health insurance coverage to their employees. It is effective for taxable years beginning in Both taxable employers and employers that are organizations described in section 501(c) that are exempt from tax under section 501(a) (tax-exempt employers) may be eligible for the section 45R credit. Employers that satisfy the requirements for the credit are referred to in this notice as eligible small employers. Section 45R was added to the Code by section 1421 of the Patient Protection and Affordable Care Act (Affordable Care Act), enacted March 23, 2010, Pub. L. No This notice provides guidance on section 45R as in effect for taxable years beginning before January 1, 2014, and also includes transition relief for taxable years beginning in 2010 with respect to the requirements for a qualifying arrangement under section 45R. II. EMPLOYERS ELIGIBLE FOR THE CREDIT A. Overview of Requirements for Eligibility In order to be an eligible small employer, (1) the employer must have fewer than 25 full-time equivalent employees (FTEs) for the taxable year; (2) the average annual wages of its employees for the year must be less than \$50,000 per FTE; and (3) the

6 employer must maintain a qualifying arrangement. 1 A qualifying arrangement is an arrangement under which the employer pays premiums for each employee enrolled in health insurance coverage offered by the employer in an amount equal to a uniform percentage (not less than 50 percent) of the premium cost of the coverage (but see section V of this notice for transition relief for taxable years beginning in 2010 with respect to the requirements for a qualifying arrangement). An employer that is an agency or instrumentality of the federal government, or of a State, local or Indian tribal government, is not an eligible small employer for purposes of section 45R unless it is an organization described in section 501(c) that is exempt from tax under section 501(a). The following steps must be followed to determine whether an employer is eligible for a credit under section 45R: 1. Determine the employees who are taken into account for purposes of the credit. 2. Determine the number of hours of service performed by those employees. 3. Calculate the number of the employer s FTEs. 4. Determine the average annual wages paid per FTE. 5. Determine the premiums paid by the employer that are taken into account for purposes of the credit. Specifically, the premiums must be paid by an employer under a qualifying arrangement and must be paid for health insurance that meets the requirements of section 45R. 1 Although the term eligible small employer is defined in section 45R(d)(1) to include employers with no more than 25 FTEs and average annual wages that do not exceed \$50,000, the phaseout of the credit amount under section 45R(c) operates in such a way that an employer with exactly 25 FTEs or with average annual wages exactly equal to \$50,000 is not in fact eligible for the credit. 2

7 The remainder of this section II explains the steps involved in determining whether an employer is eligible for the credit. Section III of this notice explains how to calculate the credit, and section IV explains how to claim the credit. Finally, section V provides transition relief for taxable years beginning in 2010 with respect to certain requirements for qualifying arrangements. B. Determining the Employees Taken into Account In general, employees who perform services for the employer during the taxable year are taken into account in determining the employer s FTEs, average wages, and premiums paid, with certain individuals excluded and with employees of certain related employers included. This section describes these rules. Partners in a business and certain owners are not taken into account as employees for purposes of section 45R. Specifically, sole proprietors, partners in a partnership, shareholders owning more than two percent of an S corporation, and any owners of more than five percent of other businesses are not taken into account as employees for purposes of the credit. Family members of these owners and partners are also not taken into account as employees. For purposes of section 45R, a family member is defined as a child (or descendant of a child); a sibling or step-sibling; a parent (or ancestor of a parent); a step-parent; a niece or nephew; an aunt or uncle; or a son-in-law, daughter-in-law, father-in-law, mother-in-law, brother-in-law or sister-inlaw. Finally, any other member of the household of these owners and partners who qualifies as a dependent under section 152(d)(2)(H) is not taken into account as an employee for purposes of section 45R. 3

8 Accordingly, the wages and hours of these business owners and partners, and of their family members and dependent members of their household, are disregarded in determining FTEs and average annual wages, and the premiums paid on their behalf are not counted in determining the amount of the section 45R credit. Seasonal workers are disregarded in determining FTEs and average annual wages unless the seasonal worker works for the employer on more than 120 days during the taxable year, although premiums paid on their behalf may be counted in determining the amount of the section 45R credit. All employers treated as a single employer under section 414(b), (c), (m) or (o) are treated as a single employer for purposes of section 45R. Thus, all employees of a controlled group under section 414(b) or (c), or an affiliated service group under section 414(m) (except employees not taken into account as described above), and all wages paid to, and premiums paid for, employees by the members of the controlled group or affiliated service group (except employees not taken into account as described above), are taken into account in determining whether any member of the controlled group or affiliated service group is an eligible small employer. C. Determining the Number of Hours of Service Worked by Employees for the Taxable Year An employee s hours of service for a year include the following: (1) each hour for which an employee is paid, or entitled to payment, for the performance of duties for the employer during the employer s taxable year; and (2) each hour for which an employee is paid, or entitled to payment, by the employer on account of a period of time during which no duties are performed due to vacation, holiday, illness, incapacity (including 4

9 disability), layoff, jury duty, military duty or leave of absence (except that no more than 160 hours of service are required to be counted for an employee on account of any single continuous period during which the employee performs no duties). In calculating the total number of hours of service which must be taken into account for an employee for the year, the employer may use any of the following methods: (1) determine actual hours of service from records of hours worked and hours for which payment is made or due (payment is made or due for vacation, holiday, illness, incapacity, etc., as described above); (2) use a days-worked equivalency whereby the employee is credited with 8 hours of service for each day for which the employee would be required to be credited with at least one hour of service under rule (1) or (2) in the preceding paragraph; or (3) use a weeks-worked equivalency whereby the employee is credited with 40 hours of service for each week for which the employee would be required to be credited with at least one hour of service under rule (1) or (2) in the preceding paragraph. Examples. In all of the examples in this notice, none of the employees is an owner, partner in a business or otherwise excluded from being taken into account under section 45R. Example 1 Counting hours of service by hours actually worked or for which payment is made or due. (i) For the 2010 taxable year, an employer s payroll records indicate that Employee A worked 2,000 hours and was paid for an additional 80 hours on account of vacation, holiday and illness. The employer counts hours actually worked. (ii) Under this method of counting hours, Employee A must be credited with 2,080 hours of service (2,000 hours worked and 80 hours for which payment was made or due). Example 2 Counting hours of service under weeks-worked equivalency. (i) For the 2010 taxable year, Employee B worked 49 weeks, took 2 weeks of vacation with 5

10 pay, and took 1 week of leave without pay. The employer uses the weeks-worked equivalency. (ii) Under this method of counting hours, Employee B must be credited with 2,040 hours of service (51 weeks multiplied by 40 hours per week). D. Determining the Number of an Employer s FTEs The number of an employer s FTEs is determined by dividing (1) the total hours of service, determined in accordance with section II.C of this notice, credited during the year to employees taken into account under section II.B of this notice (but not more than 2,080 hours for any employee) by (2) 2,080. The result, if not a whole number, is then rounded to the next lowest whole number. In some circumstances, an employer with 25 or more employees may qualify for the credit if some of its employees work part-time. For example, an employer with 46 half-time employees (meaning they are paid wages for 1,040 hours) has 23 FTEs and, therefore, may qualify for the credit. Example 3 Determining the number of FTEs. (i) For the 2010 taxable year, an employer pays 5 employees wages for 2,080 hours each, 3 employees wages for 1,040 hours each, and 1 employee wages for 2,300 hours. The employer does not use an equivalency method to determine hours of service for any of these employees. (ii) The employer s FTEs would be calculated as follows: (1) Total hours of service not exceeding 2,080 per employee is the sum of: a. 10,400 hours of service for the 5 employees paid for 2,080 hours each (5 x 2,080) b. 3,120 hours of service for the 3 employees paid for 1,040 hours each (3 x 1,040), and c. 2,080 hours of service for the 1 employee paid for 2,300 hours (lesser of 2,300 and 2,080). d. The sum of a, b and c equals 15,600 hours of service. (2) FTEs equal 7 (15,600 divided by 2,080 = 7.5, rounded to the next lowest whole number). Example 4 Determining the number of FTEs: (i) For the 2010 taxable year, an employer has 26 FTEs with average annual wages of \$23,000 per FTE. Only 20 of the employer s employees are enrolled in the employer s health insurance plan. 6

11 (ii) The hours of service and wages of all employees are taken into consideration in determining whether the employer is an eligible small employer for purposes of the credit. Because the employer does not have fewer than 25 FTEs for the taxable year, the employer is not an eligible small employer for purposes of the credit. E. Determining the Employer s Average Annual Wages for the Taxable Year The average annual wages paid by an employer for a taxable year is determined by dividing (1) the total wages paid by the employer during the employer s taxable year to employees taken into account under section II.B of this notice by (2) the number of the employer s FTEs for the year. The result is then rounded down to the nearest \$1,000 (if not otherwise a multiple of \$1,000). For purposes of determining the employer s average annual wages for the taxable year, only wages that are paid for hours of service determined under section II.C of this notice are taken into account. Wages for this purpose means wages as defined under section 3121(a) for purposes of the Federal Insurance Contributions Act (FICA), determined without regard to the wage base limitation under section 3121(a)(1). Example 5 Determining the amount of average annual wages. (i) For the 2010 taxable year, an employer pays \$224,000 in wages and has 10 FTEs. (ii) The employer s average annual wages is: \$22,000 (\$224,000 divided by 10 = \$22,400, rounded down to the nearest \$1,000). F. Premium Payments by the Employer for the Taxable Year Only premiums paid by the employer for health insurance coverage are counted in calculating the credit. If an employer pays only a portion of the premiums for the coverage provided to employees (with employees paying the rest), only the portion paid by the employer is taken into account. For example, if an employer pays 80 percent of the premiums for employees coverage (with employees paying the other 20 percent), 7

12 the 80 percent paid by the employer is taken into account in calculating the credit. For purposes of this credit, any premium paid pursuant to a salary reduction arrangement under a section 125 cafeteria plan is not treated as paid by the employer. In calculating the credit for a taxable year beginning in 2010, an employer may count all premiums paid by the employer in the 2010 tax year, including premiums that were paid in the 2010 tax year before the Affordable Care Act was enacted. G. Premiums for Health Insurance Coverage under a Qualifying Arrangement An employer s premium payments are not taken into account for purposes of the section 45R credit unless they are paid for health insurance coverage under a qualifying arrangement. As noted in section II.A of this notice, a qualifying arrangement is an arrangement under which the employer pays premiums for each employee enrolled in health insurance coverage offered by the employer in an amount equal to a uniform percentage (not less than 50 percent) of the premium cost of the coverage (but see section V of this notice for transition relief for taxable years beginning in 2010 with respect to certain requirements for a qualifying arrangement). For years prior to 2014, health insurance coverage for purposes of the credit means benefits consisting of medical care (provided directly, through insurance or reimbursement, or otherwise) under any hospital or medical service policy or certificate, hospital or medical service plan contract, or health maintenance organization contract offered by a health insurance issuer. See section 9832(b)(1). Health insurance coverage for purposes of the section 45R credit also includes the following plans described in section 9832(c)(2), (3) and (4): limited scope dental or vision; long-term care, nursing home care, home health care, community-based care, or any combination 8

13 thereof; coverage only for a specified disease or illness; hospital indemnity or other fixed indemnity insurance; and Medicare supplemental health insurance; certain other supplemental coverage, and similar supplemental coverage provided to coverage under a group health plan. Health insurance coverage does not include the benefits listed in section 9832(c)(1). 2 If an eligible small employer offers any of the plans described in section 9832(b)(1) or 9832(c)(2), (3) or (4), the premiums paid by the employer for that plan can be counted in calculating the credit if the premiums are paid under a qualifying arrangement. Different types of health insurance plans are not aggregated for purposes of meeting the qualifying arrangement requirement. So, for example, if an employer offers a major medical insurance plan and a stand-alone vision plan, the employer must separately satisfy the requirements for a qualifying arrangement with respect to each type of coverage. The amount of an employer s premium payments that are taken into account in calculating the credit is limited to the premium payments the employer would have made under the same arrangement if the average premium for the small group market in the State (or an area within the State) in which the employer offers coverage were substituted for the actual premium. For example, if an eligible small employer pays 80 percent of the premiums for coverage provided to employees (and employees pay the other 20 percent), the premiums taken into account for purposes of the credit are the 2 Section 9832(c)(1) includes the following benefits: (A) coverage only for accident, or disability income insurance, or any combination thereof; (B) coverage issued as a supplement to liability insurance; (C) liability insurance, including general liability insurance and automobile liability insurance; (D) worker s compensation or similar insurance; (E) automobile medical payment insurance; (F) credit-only insurance; (G) coverage for on-site medical clinics; and (H) other similar insurance coverage, specified in regulations, under which benefits for medical care are secondary or incidental to other insurance benefits. 9

15 small group market in the employer s State (\$2,500 for single coverage and \$6,000 for family coverage). (iii) Thus, the amount of premiums paid by the employer for purposes of computing the credit equals \$40,000 ((4 x \$2,500) plus (5 x \$6,000)). Example 8 Offering health insurance plan and dental plan. (i) For the 2010 taxable year, an eligible small employer offers a major medical plan and a dental plan. The employer pays 50% of the premium cost for single coverage for all employees enrolled in the major medical plan and 50% of the premium cost for single coverage for all employees enrolled in the dental plan. (ii) For purposes of calculating the credit, the employer can take into consideration the premiums paid by the employer for both the major medical plan and the dental plan, but only up to 50% of the amount of the average premium for single coverage for the small group market in the employer s State. Example 9 Meeting qualifying arrangement requirement. (i) Same facts as Example 8, except that the employer pays 40% of the premium cost for single coverage for all employees enrolled in the dental plan. (ii) For purposes of calculating the credit, the employer can take into consideration only the premiums paid by the employer for the major medical plan, and only up to 50% of the amount of the average premium for single coverage for the small group market in the employer s State. The employer cannot take into consideration premiums paid for the dental plan. III. CALCULATING THE CREDIT A. In General The following steps are followed to calculate the section 45R credit: 1. Calculate the maximum amount of the credit (section III.B); 2. Reduce the maximum credit in step 1 in accordance with the phaseout rule (section III.C), if necessary; and 3. For employers receiving a State credit or subsidy for health insurance, determine the employer s actual premium payment (section III.D). B. Maximum Credit 11

16 For taxable years beginning in 2010 through 2013, the maximum credit is 35 percent of a taxable eligible small employer s premium payments taken into account for purposes of the credit. For a tax-exempt eligible small employer for those years, the maximum credit is 25 percent of the employer s premium payments taken into account for purposes of the credit. However, for a tax-exempt employer, the amount of the credit cannot exceed the total amount of income tax under section 3402 and Medicare (i.e., Hospital Insurance) tax under section 3101(b) that the employer is required to withhold from employees wages for the year and the employer share of Medicare tax under section 3111(b) on employees wages for the year. C. Credit Phaseout The credit phases out gradually (but not below zero) for eligible small employers if the number of FTEs exceeds 10 or if the average annual wages exceed \$25,000. If the number of FTEs exceeds 10, the reduction is determined by multiplying the otherwise applicable credit amount by a fraction, the numerator of which is the number of FTEs in excess of 10 and the denominator of which is 15. If average annual wages exceed \$25,000, the reduction is determined by multiplying the otherwise applicable credit amount by a fraction, the numerator of which is the amount by which average annual wages exceed \$25,000 and the denominator of which is \$25,000. In both cases, the result of the calculation is subtracted from the otherwise applicable credit to determine the credit to which the employer is entitled. For an employer with both more than 10 FTEs and average annual wages exceeding \$25,000, the total reduction is the sum of the two reductions. This may reduce the credit to zero for some employers with fewer than 25 FTEs and average annual wages of less than \$50,

17 Example 10 Calculating the maximum credit for a taxable eligible small employer. (i) For the 2010 taxable year, a taxable eligible small employer has 9 FTEs with average annual wages of \$23,000 per FTE. The employer pays \$72,000 in health insurance premiums for those employees (which does not exceed the average premium for the small group market in the employer s State) and otherwise meets the requirements for the credit. (ii) The credit for 2010 equals \$25,200 (35% x \$72,000). Example 11 Calculating the maximum credit for a tax-exempt eligible small employer. (i) For the 2010 taxable year, a tax-exempt eligible small employer has 10 FTEs with average annual wages of \$21,000 per FTE. The employer pays \$80,000 in health insurance premiums for its employees (which does not exceed the average premium for the small group market in the employer's State) and otherwise meets the requirements for the credit. The total amount of the employer s income tax and Medicare tax withholding plus the employer s share of the Medicare tax equals \$30,000 in (ii) The credit is calculated as follows: (1) Initial amount of credit determined before any reduction: (25% x \$80,000) = \$20,000 (2) Employer s withholding and Medicare taxes: \$30,000 (3) Total 2010 tax credit equals \$20,000 (the lesser of \$20,000 and \$30,000). Example 12 Calculating the credit phase-out if the number of FTEs exceeds 10 or average annual wages exceed \$25,000. (i) For the 2010 taxable year, a taxable eligible small employer has 12 FTEs and average annual wages of \$30,000. The employer pays \$96,000 in health insurance premiums for its employees (which does not exceed the average premium for the small group market in the employer's State) and otherwise meets the requirements for the credit. (ii) The credit is calculated as follows: (1) Initial amount of credit determined before any reduction: (35% x \$96,000) = \$33,600 (2) Credit reduction for FTEs in excess of 10: (\$33,600 x 2/15) = \$4,480 (3) Credit reduction for average annual wages in excess of \$25,000: (\$33,600 x \$5,000/\$25,000) = \$6,720 (4) Total credit reduction: (\$4,480 + \$6,720) = \$11,200 (5) Total 2010 tax credit equals \$22,400 (\$33,600 \$11,200). D. State Credits and State Subsidies for Health Insurance Some States offer tax credits to certain small employers that provide health insurance to their employees. Some of these are refundable credits and others are 13

21 The section 45R credit is claimed on an eligible small employer s annual income tax return and offsets an employer s actual tax liability for the year. For a tax-exempt eligible small employer, the IRS will provide further information on how to claim the credit. For an eligible small employer that is not a tax-exempt employer, the credit is a general business credit and, thus, any unused credit amount can be carried back one year and carried forward 20 years (however, because an unused credit amount cannot be carried back to a year before the effective date of the credit, any unused credit amounts for taxable years beginning in 2010 can only be carried forward). For a taxexempt eligible small employer, the credit is a refundable credit, so that even if the employer has no taxable income, the employer may receive a refund (so long as it does not exceed the tax-exempt eligible small employer s total income tax withholding and Medicare tax liability for the year). The credit can be reflected in determining estimated tax payments for the year in which the credit applies in accordance with regular estimated tax rules. The credit can also be used to offset an employer s alternative minimum tax (AMT) liability for the year, subject to certain limitations based on the amount of an employer s regular tax liability, AMT liability and other allowable credits. See section 38(c)(1), as modified by section 38(c)(4)(B)(vi). However, because the credit applies against income tax, an employer may not reduce employment tax (i.e., withheld income tax, social security tax under sections 3101(a) and 3111(a), and Medicare tax) deposits and payments during the year in anticipation of the credit. Finally, no deduction is allowed for the employer under section 162 for that portion of the health insurance premiums which is equal to the amount of the section 45R credit. 17

22 V. TRANSITION RELIEF FOR TAXABLE YEARS BEGINNING IN 2010 Because the section 45R credit applies to taxable years beginning in 2010 (including the period in 2010 before enactment of the Affordable Care Act), an employer that satisfies the requirements for the transition relief in this section V will be deemed to satisfy the requirement for a qualifying arrangement that the employer pay a uniform percentage (not less than 50 percent) of the premium cost of the health insurance coverage (uniformity requirement). Specifically, for taxable years beginning in 2010, an employer that pays an amount equal to at least 50 percent of the premium for single (employee-only) coverage for each employee enrolled in coverage offered to employees by the employer will be deemed to satisfy the uniformity requirement for a qualifying arrangement, even if the employer does not pay the same percentage of the premium for each such employee. Thus, an employer will be deemed to satisfy the uniformity requirement for a qualifying arrangement if it pays at least 50 percent of the premium for single coverage for each employee receiving single coverage, and, if the employer offers coverage that is more expensive than single coverage (such as family or selfplus-one coverage), if it pays an amount for each employee receiving that more expensive coverage that is no less than 50 percent of the premium for single coverage for that employee (even if it is less than 50 percent of the premium for the more expensive coverage the employee is actually receiving). Example 16 -Transition relief rule for a qualifying arrangement. (i) For the 2010 taxable year, an eligible small employer has 9 FTEs with average annual wages of \$23,000 per FTE. Six employees are enrolled in single coverage and 3 employees are enrolled in family coverage. (ii) The premiums are \$8,000 for single coverage for the year and \$14,000 for family coverage for the year (which do not exceed the average premiums for the small group market in the employer s State). The employer pays 50% of the premium for 18

24 Please include Notice in the subject line of any electronic communication. All material submitted will be available for public inspection and copying. DRAFTING INFORMATION The principal author of this notice is Mireille Khoury of the Office of Division Counsel/Associate Chief Counsel (Tax Exempt and Government Entities). For further information regarding this notice contact Ms. Khoury at (202) (not a toll-free call). 20

### Section 45R Tax Credit for Employee Health Insurance Expenses of Small Employers

Part III - Administrative, Procedural, and Miscellaneous Section 45R Tax Credit for Employee Health Insurance Expenses of Small Employers Notice 2010-44 I. PURPOSE AND BACKGROUND Section 45R of the Internal

Small Business Health Care Tax Credit: Frequently Asked Questions The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective

Small Business Health Care Tax Credit: Frequently Asked Questions The new health reform law gives a tax credit to certain small employers that provide health care coverage to their employees, effective

### Small Employer Health Care Tax Credit: Questions & Answers (Q&A)

Brought to you by Seubert & Associates Small Employer Health Care Tax Credit: Questions & Answers (Q&A) The Patient Protection and Affordable Care Act (ACA) provides a tax credit to certain small employers

### The Small Business Health Care Tax Credit Kit

The Small Business Health Care Tax Credit Kit About the Small Business Health Care Tax Credit Kit This Kit is designed to assist small employers in understanding the Small Business Health Care Tax Credit,

### IRS explains business credit available to small businesses and taxexempt organizations under the Health Care Act

EY Payroll NewsFlash Vol. 11, 59 April 20, 2010 IRS explains business credit available to small businesses and taxexempt organizations under the Health Care Act This week, the IRS mailed four million postcards

### Small Business Health Care Tax Credit

Small Business Health Care Tax Credit Small Business Health Tax Credit Began in 2010 Helps small businesses and tax-exempt organizations afford the cost of covering their employees Specifically targeted

### Small Employers Eligible for Health Care Tax Credit

Brought to you by Clark-Mortenson Insurance Small Employers Eligible for Health Care Tax Credit The Affordable Care Act (ACA) created a health care tax credit for eligible small employers that provide

### Small Business Health Care Tax Credit: Presented by Maureen O Gara-Adford, CPA & David Fox, Senior Accountant

Small Business Health Care Tax Credit: Presented by Maureen O Gara-Adford, CPA & David Fox, Senior Accountant Today s Speakers Maureen O Gara-Adford, CPA Practicing CPA since 1989 Managing partner since

### Instructions for Form 8941

2013 Instructions for Form 8941 Credit for Small Employer Health Insurance Premiums Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise

### Instructions for Form 8941

2012 Instructions for Form 8941 Credit for Small Employer Health Insurance Premiums Department of the Treasury Internal Revenue Service Section references are to the Internal Revenue Code unless otherwise

### Federal Register / Vol. 78, No. 165 / Monday, August 26, 2013 / Proposed Rules

52719 Availability of NPRMs An electronic copy of this document may be downloaded through the Internet at http://www.regulations.gov. Recently published rulemaking documents can also be accessed through

### The Affordable Care Act: What Does It Mean for Agricultural and Small Business Employers?

The Affordable Care Act: What Does It Mean for Agricultural and Small Business Employers? The Patient Protection and Affordable Care Act (ACA) includes provisions that will have significant implications

### Small Employer Tax Credit. Nuts and Bolts

Small Employer Tax Credit Nuts and Bolts For more information contact your independent broker Total Benefit Solutions Inc (215)355-2121 http://www.totalbenefits.net Disclaimer This presentation is intended

### Small Business Health Care Tax Credit

Small Business Health Care Tax Credit Frequently Asked Questions Small Business Health Care Tax Credit This information is only intended as a high-level guide and is not to be relied upon as actuarial,

### Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage

Part III Administrative, Procedural, and Miscellaneous Interim Guidance on Informational Reporting to Employees of the Cost of Their Group Health Insurance Coverage Notice 2011-28 I. PURPOSE This notice

### 2013 Small Employer Health Care Tax Credit 1 Is Your Church or Organization Eligible?

2013 Small Employer Health Care Tax Credit 1 Is Your Church or Organization Eligible? This announcement contains important information about the Small Employer Health Care Tax Credit to help you determine

Small Business Tax Credit Effective January 1, 2010 Up to 4 million small businesses are eligible for tax credits to help them provide insurance benefits to their workers. The first phase of this provision

### Section 45R Tax Credit for Employee Health Insurance Expenses of Small Employers

Part III - Administrative, Procedural, and Miscellaneous Section 45R Tax Credit for Employee Health Insurance Expenses of Small Employers Notice 2010-82 I. PURPOSE AND BACKGROUND Section 45R of the Internal

### Recent Legislation Offers Special Tax Incentives for Small Businesses to Provide Health Care, Hire New Workers

Recent Legislation Offers Special Tax Incentives for Small Businesses to Provide Health Care, Hire New Workers IR-2010-69, May 28, 2010 -- Page Last Reviewed or Updated: July 12, 2010 In recognition of

### Request for Comments on Reporting by Applicable Large Employers on Health Insurance Coverage Under Employer-Sponsored Plans

Request for Comments on Reporting by Applicable Large Employers on Health Insurance Coverage Under Employer-Sponsored Plans Notice 2012-33 I. PURPOSE This notice invites comments on reporting under 6056

### Second wave of detailed guidance on new small business health care credit

Page 1 of 5 Checkpoint Contents Federal Library Federal Editorial Materials Federal Taxes Weekly Alert Newsletter Preview Documents for the week of 12/09/2010 - Volume 56, No. 49 Articles Second wave of

### Small Business Tax Credit for Employee Health Expenses

Small Business Tax Credit for Employee Health Expenses Summary: Provides a sliding scale tax credit to small employers with fewer than 25 employees and average annual wages of less than \$40,000 that purchase

### Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)

Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148) Chris L. Peterson Hinda Chaikind April 5, 2010 Congressional Research Service CRS Report for Congress Prepared for Members

### Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148)

Summary of Small Business Health Insurance Tax Credit Under PPACA (P.L. 111-148) Chris L. Peterson Hinda Chaikind April 20, 2010 Congressional Research Service CRS Report for Congress Prepared for Members

### Determining Full-Time Employees for Purposes of Shared Responsibility for Employers Regarding Health Coverage ( 4980H)

Determining Full-Time Employees for Purposes of Shared Responsibility for Employers Regarding Health Coverage ( 4980H) Notice 2012-58 I. PURPOSE AND OVERVIEW This notice describes safe harbor methods that

### Maryland Health Connection SHOP FAQs

SHOP DIRECT ENROLLMENT PROGRAM Maryland Health Connection SHOP FAQs 1. How can I get coverage for my employees through the SHOP Marketplace in Maryland? If you are an employer who is interested in purchasing

### So You Think Your Small Business Tax Credit Is Coming Soon?

So You Think Your Small Business Tax Credit Is Coming Soon? Our Our webinar will will begin begin shortly shortly To To invite invite someone else else to to the the webinar, have have them them go go

### Health-Care Reform Employer Shared Responsibility Provisions

Health-Care Reform Employer Shared Responsibility Provisions CPA EDITION... This document provides an overview of the Employer Shared Responsibility provisions of the Affordable Care Act based on guidance

### Health Care Reform Act: Who s Paying the Bill?

Health Care Reform Act: Who s Paying the Bill? Walter Miller Schwabe, Williamson & Wyatt P.C. 800 Willamette Street, Suite 600 Eugene, OR 97401 (541) 686-3299 wmiller@schwabe.com TABLE OF CONTENTS Page

### Implementation and Effectiveness of the Small Business Health Care Tax Credit

HEARING BEFORE THE COMMITTEE ON WAYS AND MEANS SUBCOMMITTEE ON OVERSIGHT U.S. HOUSE OF REPRESENTATIVES Implementation and Effectiveness of the Small Business Health Care Tax Credit November 15, 2011 Washington,

### SMALL BUSINESS. 1 NATP TAXPRO Journal Fall 2010 www.natptax.com

SMALL BUSINESS 1 NATP TAXPRO Journal Fall 2010 www.natptax.com PPACA and the small business Health Insurance Credit By Cherie J. Hennig, Ph.D, and Bob Thompson The Patient Protection and Affordable Care

### This notice provides guidance on the effective date of the \$2,500 limit (as

Section 125 - Cafeteria Plans Health flexible spending arrangements not subject to \$2,500 limit on salary reduction contributions for plan years beginning before 2013 and comments requested on potential

### The Case of the Missing Small Business Health Care Tax Credit. Agenda

The Case of the Missing Small Business Health Care Tax Credit Mark Bole, EA July 11, 2012 CSEA Annual Meeting, Redding, CA Agenda Identify the business clients who meet the basic criteria for the credit

### IRS Guidance on Employer Shared Responsibility Penalty

Brought to you by Hammitt Benefits Group IRS Guidance on Employer Shared Responsibility Penalty Beginning in 2014, the Affordable Care Act (ACA) imposes pay or play requirements on large employers to help

### Part III - Administrative, Procedural, and Miscellaneous. Section 51 - Work Opportunity Tax Credit; Section 52 Special Rules;

Part III - Administrative, Procedural, and Miscellaneous Section 51 - Work Opportunity Tax Credit; Section 52 Special Rules; Section 3111(e) Credit for Employment of Qualified Veterans Notice 2012-13 I.

### This Notice provides guidance on 9003 of the Patient Protection and Affordable Care Act

Part III - Administrative, Procedural, and Miscellaneous Section 105 - Amounts Received under Accident and Health Plans, Section 106 Contributions by Employers to Accident and Health Plans, Section 125

### Tax Credit to Offset Cost of Health Insurance

640 Superior Court - Medford, OR 97504 Ph. 541-773-6633 May 18, 2010 Tax Credit to Offset Cost of Health Insurance Calculating the Small Employer Health Insurance Tax Credit for 2010 Type of Clients: Small

### Health Care Reform Employer Shared Responsibility Provisions

Health Care Reform Employer Shared Responsibility Provisions Safe Harbor Qualification This document provides an overview of the employer shared responsibility (ESR) provisions of the Affordable Care Act

### This notice provides that Internal Revenue Service (IRS) Form 8922, Third-Party

Reporting Sick Pay Paid by Third Parties Notice 2015-6 PURPOSE This notice provides that Internal Revenue Service (IRS) Form 8922, Third-Party Sick Pay Recap, must be used by third parties and employers

### This notice requests public comments on the implementation of provisions of the

Part III Administrative, Procedural, and Miscellaneous Request for Comments on Funding of Patient-Centered Outcomes Research Through Fees Payable by Issuers of Health Insurance Policies and Self-Insured

### Introduction. Healthcare Reform Reference Guide. Release Date: 7.29.10. General Questions Exchanges Adult Dependents Grandfathering Early Retirees

q individual market q small group market Small Business Tax Credits Small Business Wellness Grants q large group market Blue Cross and Blue Shield companies are committed to working with the Administration

### Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees

Part III Administrative, Procedural, and Miscellaneous Special Rules for Health Insurance Costs of 2-Percent Shareholder-Employees Notice 2008-1 PURPOSE This notice provides rules under which a 2-percent

### Department of the Treasury

Vol. 78 Wednesday, No. 1 January 2, 2013 Part V Department of the Treasury Internal Revenue Service 26 CFR Parts 1, 54 and 301 Shared Responsibility for Employers Regarding Health Coverage; Proposed Rule

### Tax Implications of the Affordable Care Act

Year-by-Year Guide Tax Implications of the Affordable Care Act 1 Year-by-Year Guide: Tax Implications of the Affordable Care Act Introduction The Patient Protection and Affordable Care Act, commonly referred

### Annuity and Life Insurance Contracts with a Long-Term Care Insurance Feature. This notice relates to amendments made to 72, 1035, and 7702B of the

Part III - Administrative, Procedural, and Miscellaneous Annuity and Life Insurance Contracts with a Long-Term Care Insurance Feature Notice 2011-68 SECTION 1. PURPOSE This notice relates to amendments

### 36640 Federal Register / Vol. 79, No. 125 / Monday, June 30, 2014 / Rules and Regulations

36640 Federal Register / Vol. 79, No. 125 / Monday, June 30, 2014 / Rules and Regulations (i) Material Incorporated by Reference (1) The Director of the Federal Register approved the incorporation by reference

### GUIDE TO HEALTH CARE REFORM S TAX PENALTIES

The GUIDE TO HEALTH CARE REFORM S TAX PENALTIES Calculate Your Health Insurance Tax Penalty 2 Introduction The Affordable Care Act (ACA) requires certain employers and employees to purchase health insurance

### Key Considerations in Avoiding and Calculating Penalties Pursuant to the Employer Shared Responsibility Mandate

and Calculating Penalties Pursuant to the Employer Shared Compliance Practice of Arthur J. Gallagher & Co. As a preliminary step, employers must determine if their organization is subject to the mandate.

### Small Business Health Care Tax Credit

Small Business Health Care Tax Credit The Patient Protection and Affordable Care Act (PPACA) established a small business health care tax credit (Tax Credit) as an incentive for small employers to provide

### Summary of the Small Business Health Insurance Tax Credit Under ACA

Summary of the Small Business Health Insurance Tax Credit Under ACA Annie L. Mach Analyst in Health Care Financing Joy M. Grossman Section Research Manager November 4, 2014 Congressional Research Service

Caring For Those Who Serve Since 1908 1901 Chestnut Avenue Glenview, Illinois 60025-1604 1-800-851-2201 www.gbophb.org March 28, 2013 Small Business Health Care Tax Credit Frequently Asked Questions The

### IRS Issues Guidance on Mandatory Form W-2 Informational Reporting of Employer-Sponsored Health Coverage

IRS Issues Guidance on Mandatory Form W-2 Informational Reporting of Employer-Sponsored Health Coverage By Seth Perretta, Joel Wood and Matthew Fornataro of Crowell & Moring LLP On March 29, 2011, the

### PATIENT PROTECTION AND AFFORDABLE CARE ACT (PPACA) Questions & Answers for Small Business

The Wharton School University of Pennsylvania 3819-33 Chestnut Street, Suite 325 Philadelphia, PA 19104 (215) 898-1219 www.pasbdc.org Twitter: @PASmallBusiness PATIENT PROTECTION AND AFFORDABLE CARE ACT

### This notice provides basic information about a type of employer-provided health

Part III - Administrative, Procedural, and Miscellaneous Health Reimbursement Arrangements Notice 2002-45 PURPOSE This notice provides basic information about a type of employer-provided health reimbursement

### The Affordable Care Act:

The Affordable Care Act: An Update on the Employer Mandate William A. Dombi, Esq. MARCH ON WASHINGTON Conference & Exposition March 24, 2014 Health Care Reform Framework Health insurance reforms Expanded

### Health Reform in a Nutshell: What Small Businesses Need to Know Now.

Health Reform in a Nutshell: What Small Businesses Need to Know Now. With the passage of the most significant reform of America s modern-day health care system, many small business owners and human resources

### IRS Releases Proposed Regulations on the Affordable Care Act s Play or Pay Mandate

IRS Releases Proposed Regulations on the Affordable Care Act s Play or Pay Mandate 1710/14380-001 Current/20681029v1 NETWORK smart partners Table of Contents A special report on IRS Proposed Regulations

### Small Business Federal Tax Credit vs. Maryland State Subsidy Program

Small Business Federal Tax Credit vs. Maryland State Subsidy Program Why it s important The state has offered these subsidies since 2008, but not many have signed up because the program has not been widely

### This notice provides interim guidance on the application of certain provisions of

Expatriate Health Coverage Clarification Act of 2014, Interim Guidance Notice 2015-43 I. PURPOSE This notice provides interim guidance on the application of certain provisions of the Affordable Care Act

### Health Reform in a Nutshell: What Small Businesses Need to Know Now.

Health Reform in a Nutshell: What Small Businesses Need to Know Now. With the passage of the most significant reform of America s modern-day health care system, many small business owners and human resources

### The Patient Protection and Affordable Health Care Act and the Health Care and Education Reconciliation Act of 2010

The Patient Protection and Affordable Health Care Act and the Health Care and Education Reconciliation Act of 2010 Important Provisions for IAAPA Members May 24, 2010 The health care reform bill which

### The Internal Revenue Service (IRS) is considering the application of the. provisions of the Internal Revenue Code (Code) governing tax-exempt bonds to

Part III - Administrative, Procedural, and Miscellaneous Private business use of tax-exempt bond financed facilities Notice 2014-67 SECTION 1. INTRODUCTION The Internal Revenue Service (IRS) is considering

### http://www.iwpubs.com/articlemanagement/articlemanagementarticlepreview.asp?isarc...

Page 1 of 6 7 Things To Know About Employer-Provided Health Insurance October, 2013 Benefits Pro No one agrees on the exact numbers, but it s a safe bet to say that over the next few years millions of

### Notice 2014-21 SECTION 1. PURPOSE

1 Notice 2014-21 SECTION 1. PURPOSE This notice describes how existing general tax principles apply to transactions using virtual currency. The notice provides this guidance in the form of answers to frequently

### Interim Guidance and Request for Comments; Medical Device Excise Tax; Manufacturers Excise Taxes; Constructive Sale Price; Deposit Penalties

Part III - Administrative, Procedural, and Miscellaneous Interim Guidance and Request for Comments; Medical Device Excise Tax; Manufacturers Excise Taxes; Constructive Sale Price; Deposit Penalties Notice

### Concordia Plan Services is providing the following questions and answers relating to the Small Business Health Care Tax Credit.

Small Business Health Care Tax Credit Frequently Asked Questions Concordia Plan Services is providing the following questions and answers relating to the Small Business Health Care Tax Credit. Q-1 A-1

### Tax Treatment of Health Care Benefits Provided With Respect to Children Under Age 27

Part III Administrative, Procedural, and Miscellaneous Section 105 - Amounts Received Under Accident and Health Plans (Also Sections 106-Contributions by Employers to Accident and Health Plans, 162(l)-

2010 FOCUS ON BUSINESS December 1, 2010 FEDERAL TAX UPDATE 2010 SMALL BUSINESS JOBS ACT & MISCELLANEOUS TAX PROVISIONS PRESENTED BY: DAVID P. VENISKEY, CPA TAX PARTNER EFP ROTENBERG, LLP TAX RATES Income

### Weyrich, Cronin & Sorra, Chartered

Weyrich, Cronin & Sorra, Chartered Health Insurance Reporting Requirements Date: 9/17/2014 The Affordable Care Act (ACA) brought many changes into the law, taking effect over a period of years. Among these

### Healthcare Reform Provisions Unique to Small Employers/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014)

/Financial and Other Benefits Concerns for All Employers (updated May 2, 2014) Lisa L. Carlson, J.D., Area Senior Vice President, Compliance Counsel Gallagher Benefit Services, Inc. While most healthcare

### 26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also, Part 1, 280G)

Part III Administrative, Procedural, and Miscellaneous 26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also, Part 1, 280G) Rev.

### 26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability.

26 CFR 601.105: Examination of returns and claims for refund, credit, or abatement; determination of correct tax liability. (Also Part 1, 36B). Rev. Proc. 2014-41 SECTION 1. PURPOSE This revenue procedure

### What s News in Tax Analysis That Matters from Washington National Tax

What s News in Tax Analysis That Matters from Washington National Tax The Impact of the Affordable Care Act on International Assignees and Their Health Care Plans Employers and individuals in the United

### Life Insurance Reserves -- Proposed AG VACARVM and Life PBR. The purpose of this notice is to alert life insurance companies to federal

Part III -- Administrative, Procedural, and Miscellaneous Life Insurance Reserves -- Proposed AG VACARVM and Life PBR Notice 2008-18 SECTION 1. PURPOSE The purpose of this notice is to alert life insurance

### What s News in Tax Analysis That Matters from Washington National Tax

What s News in Tax Analysis That Matters from Washington National Tax Health Insurance Companies and Employers: There s a New Fee to Consider A new fee may apply to issuers of health insurance policies

### This notice describes and requests comments on several possible approaches to

Minimum Value of an Employer-Sponsored Health Plan Notice 2012-31 I. PURPOSE AND OVERVIEW This notice describes and requests comments on several possible approaches to determining whether health coverage

### SUMMARY: This document contains final regulations providing guidance to employers

This document is scheduled to be published in the Federal Register on 02/12/2014 and available online at http://federalregister.gov/a/2014-03082, and on FDsys.gov [4830-01-p] DEPARTMENT OF THE TREASURY

### MASSACHUSETTS HEALTH CARE REFORM ACT

MASSACHUSETTS HEALTH CARE REFORM ACT Marcia S. Wagner, Esq. Barry M. Newman, Esq. The Wagner Law Group, PC 99 Summer Street, 13 th Floor Boston, MA 02110 Telephone: (617) 357-5200 Facsimile: (617) 357-5250

### The Insurance Mandates of the Affordable Care Act

1 A. Affordable Care Act Individual Mandate The Insurance Mandates of the Affordable Care Act 1. All citizens of the United States are subject to the individual mandate as are all permanent residents and

### A. In this chapter, the following terms have the meanings indicated. A nonprofit health service plan; or. A health maintenance organization.

ALL NEW MATTER.01 Scope. This chapter applies to: A. Each carrier that offers a medically underwritten health benefit plan in the nongroup market in the State; and B. Each SAAC carrier..02 Definitions.

### US CODE: Title 26,223. Health savings accounts

Page 1 of 7 223. Health savings accounts How Current is This? (a) Deduction allowed In the case of an individual who is an eligible individual for any month during the taxable year, there shall be allowed

### Claims Submitted to the IRS Whistleblower Office under Section 7623. This Notice provides guidance to the public on how to file claims under Internal

Part III Administrative, Procedural, and Miscellaneous Claims Submitted to the IRS Whistleblower Office under Section 7623 Notice 2008-4 SECTION 1. PURPOSE This Notice provides guidance to the public on

### ACTION: Notice of proposed rulemaking and notice of public hearing. SUMMARY: This document contains proposed regulations relating to Additional

This document is scheduled to be published in the Federal Register on 12/05/2012 and available online at http://federalregister.gov/a/2012-29237, and on FDsys.gov DEPARTMENT OF THE TREASURY Internal Revenue

### ACA REPORTING WEBINAR QUESTIONS AND ANSWERS

ACA REPORTING WEBINAR QUESTIONS AND ANSWERS The following questions on ACA reporting requirements to the IRS were collected at a series of webinars offered by ThinkHR. Introduction The Affordable Care

### Part III - Administrative, Procedural, and Miscellaneous. Split-Dollar Life Insurance Arrangements. Notice 2002-8 I. PURPOSE AND OVERVIEW

Part III - Administrative, Procedural, and Miscellaneous Split-Dollar Life Insurance Arrangements Notice 2002-8 I. PURPOSE AND OVERVIEW On January 29, 2001, the Treasury Department and Internal Revenue

### Fast Forward. 2015 Employer Mandate: Pay or Play?

Fast Forward 2015 Employer Mandate: Pay or Play? Employer Mandate Beginning Jan. 1, 2015, the Affordable Care Act (ACA) will impose an employer mandate that states that grandfathered and non-grandfathered

### Minimum Essential Coverage and Other Rules Regarding the Shared Responsibility Payment for Individuals

This document is scheduled to be published in the Federal Register on 01/27/2014 and available online at http://federalregister.gov/a/2014-01439, and on FDsys.gov [4830-01-p] DEPARTMENT OF THE TREASURY

### Guidance on the Application of Code 4980D to Certain Types of Health Coverage Reimbursement Arrangements

Guidance on the Application of Code 4980D to Certain Types of Health Coverage Reimbursement Arrangements Notice 2015-17 I. PURPOSE AND OVERVIEW This notice reiterates the conclusion in previous guidance

### b. Any change in the standard work week for full-time employees shall require approval of the appropriate employer representative and the President.

Page: 45 C. Civil Service Employees 1. Coverage This Subsection C. applies to all civil service employees of the Board unless otherwise provided by these Regulations, by law, or by the terms of a collective

### IMPACT OF HEALTH CARE REFORM ON INDIVIDUAL AND SMALL BUSINESS TAXES

IMPACT OF HEALTH CARE REFORM ON INDIVIDUAL AND SMALL BUSINESS TAXES ATLANTA ASHEVILLE BIRMINGHAM CHICAGO DALLAS DENVER JACKSONVILLE LOS ANGELES MELBOURNE MEMPHIS MIAMI MINNEAPOLIS NEW YORK ORLANDO PHOENIX

### ACTION: Notice of proposed rulemaking and notice of public hearing. SUMMARY: This document contains proposed regulations relating to the health

[4830-01-p] DEPARTMENT OF THE TREASURY Internal Revenue Service 26 CFR Part 1 [REG-131491-10] RIN 1545-BJ82 Health Insurance Premium Tax Credit AGENCY: Internal Revenue Service (IRS), Treasury. ACTION:

### REQUEST FOR COMMENTS REGARDING THE EXCISE TAX ON AMOUNTS PAID FOR THE RIGHT TO PROVIDE MILEAGE AWARDS

Part III - Administrative, Procedural, and Miscellaneous REQUEST FOR COMMENTS REGARDING THE EXCISE TAX ON AMOUNTS PAID FOR THE RIGHT TO PROVIDE MILEAGE AWARDS Notice 2015-76 SECTION 1. PURPOSE The Treasury

### HEALTH CARE REFORM FOR BUSINESSES

HEALTH CARE REFORM FOR BUSINESSES Grandfathered Health Plans. We will start with information on health plans that were in existence on March 23, 2010 (i.e., the enactment date of the Affordable Care Act).

### The Affordable Care Act: Summary of Employer Requirements

The Affordable Care Act: Summary of Employer Requirements February 2013 Disclaimer Any US tax advice contained herein was not intended or written to be used, and cannot be used, for the purpose of avoiding

### CUSTODIAN / GROUNDS / OPERATIONS PERSONNEL SALARY AND BENEFIT SCHEDULE. July 1, 2015 June 30, 2016

MSD Wayne Township CUSTODIAN / GROUNDS / OPERATIONS PERSONNEL SALARY AND BENEFIT SCHEDULE I. SALARY AND RESPONSIBILITIES A. Twelve-Month Pay July 1, 2015 June 30, 2016 Beginning with an employee's first

### Patient Protection and Affordable Care Act Compliance Checklist for Employers

October, 2014 Patient Protection and Affordable Care Act Compliance Checklist for Employers Under the Employer Mandate in the Affordable Care Act, effective January 1, 2015, employers with 50 or more full-time

### 2015 Relief for Reimbursing Employees for Health Insurance Information is current as of May 29, 2015

1 Q: I understand there is an exception for one employee/participant. If I'm the employee, can a 105 be used to reimburse for my spouse or dependents as well? A: Yes. Pursuant to 105, a plan can reimburse