HR News Archive

The subject of this message concerns individuals who qualified for advance premium tax credits during 2015 when purchasing health insurance through healthcare.gov or their respective state-sponsored exchange. When those individuals file their 2015 tax return, they must complete and file IRS Form 8962, Premium ...Read More

We have begun the first year in which the play-or-pay penalty of IRS Code §4980H(a) is based on an offer of coverage to 95 percent of full-time employees. In 2015, the requirement was relaxed to 70 percent as transition relief. The sledgehammer penalty for ...Read More

Apologies. This is perhaps the most indistinct Alert of the past 5 years, yet the issue is arising occasionally and thus warrants addressing. The issue is how mergers and acquisitions affect ACA reporting. The answer is: we don’t really know! IRS has not told ...Read More

There are three different definitions in PPACA for a “small” business that can cause confusion…. A small business is less than 25 employees for purposes of the small business premium tax credit. A small business is defined as less-than 50 full-time employees and full-time ...Read More

By Tom Younger, J. Smith Lanier Many small businesses have in the past reimbursed employees for all or a portion of individual health insurance premiums. Long ago IRS determined that such arrangements are in fact employer-sponsored health plans, to be treated no differently for ...Read More

By J. Smith Lanier You are probably aware from all of the press coverage that Congress and the president reached agreement on trade issues; what some called the “fast-track” trade bill. There were actually two separate bills in the package, one being The Trade ...Read More