Category Archives: Health Care
How will distributions to pay accident or health insurance premiums be treated for tax purposes, in the near future?
For the taxpayers who are or will receive a distribution from their qualified retirement plan, the IRS has recently made revisions on what portion of this distribution will be taxable. Beginning January 2015, distributions from retirement plans are taxable unless … Continue reading
Helping you see the forest through the trees: Affordable Healthcare Act
The individual mandate goes into effect on January 1, 2014. What does this mean for you and your family? Each individual must obtain and maintain insurance for themselves and any dependents or face paying a monthly penalty.
Health Care Notices Due Out By October 1st
As we rapidly approach the implementation of Health Care Reform, it is important to note that a critical notice is due to employees by October 1st. Generally, the notice is required for all businesses that have gross revenues over $500,000. … Continue reading
Employer Health Care Reporting and Mandate Payments Postponed Until 2015
The Administration announced that it will provide an additional year, until Jan. 1, 2015, before the Affordable Care Act’s (ACA’s) mandatory employer and insurer reporting requirements begin. Since this will make it impractical to determine which employers do not provide … Continue reading
