IRS Notice 2015-87: Additional Guidance on HRAs, ACA Reporting, Health FSA Carryovers and More

In December of 2015, the IRS issued IRS Notice 2015-87 (Notice) which provides employers clarifying guidance on Affordable Care Act (ACA) topics ranging from health reimbursement arrangements (HRAs), employer shared responsibility clarifications, information reporting, and additional guidance regarding the health FSA carryover rules. This client al…

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IRS Extends Deadlines for 2015 ACA Reporting

On December 28, 2015 the IRS released IRS Notice 2016-4, extending the due dates for the 2015 ACA information reporting on forms 1094-B, 1095-B, 1094-C and 1095-C and providing guidance for individual taxpayers affected by these extensions. These ACA reporting forms provide information to the IRS and individuals regarding information required under…

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Do your employees have questions about completing their tax returns without the 1095-B and/or 1095-C?

Over the last few weeks, I have been receiving calls from employers asking about preparing a communication or a resource for employees that received their W-2s but, due to IRS’s  ACA reporting extension, haven’t yet received their 1095-B and/or 1095-C. The IRS has published a very helpful website that assists employees with these types of questions…

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Medical Malpractice Defense Newsletter

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Protecting Americans from Tax Hikes (PATH) Act Signed

Last week the House passed the Protecting Americans from Tax Hikes Act - bipartisan legislation that was then signed into law by the President on Friday. This act offers more permanent solutions for many taxpayers, extends temporary provisions and provides updated tax relief.

 

Highlights from the PATH Act

Individuals

  • The deduction for state …

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