United States

The Tax Exchange

Tax discussions for the business leader


IRS starts assessing employer shared responsibility payments

IRS starts assessing employer shared responsibility payments

The IRS intends to start assessing large employers with shared responsibility payments if their health plans are not compliant with the Affordable Care Act (ACA). The IRS expects to send letters before Dec. 31, 2017, to assess payments for 2015. Review any assessments carefully.

  • November 16, 2017
US companies with expatriates should consider the new tax proposals

US companies with expatriates should consider the new tax proposals

As new tax bills are proposed and debated, U.S. companies may want to explore the effect on their expatriate workforce, particularly with respect to global mobility.

  • November 10, 2017
D.C. modifies qualified high tech company indirect tax exemption process

D.C. modifies qualified high tech company indirect tax exemption process

Effective Nov. 1, 2017, the District of Columbia Office of Tax and Revenue has revised the Qualified High Tech Company (QHTC) sales and use tax compliance process as part of the District’s overall tax modernization efforts.

  • November 09, 2017
Should Ohio businesses opt in to the state-run municipal tax system?

Should Ohio businesses opt in to the state-run municipal tax system?

One of the standout changes enacted by Ohio's House Bill 49 was a new election to participate in the Ohio Department of Taxation’s central administration of municipal net profits tax returns beginning in 2018. How do you decide whether to participate?

  • November 07, 2017
President Trump seeks expansion of certain healthcare arrangements

President Trump seeks expansion of certain healthcare arrangements

On Oct. 12, 2017, President Trump issued an executive order regarding three types of healthcare arrangements: association health plans (AHPs), short-term limited duration health insurance policies, and health reimbursement accounts.

  • October 19, 2017
Plan ahead Illinois

Plan ahead Illinois "Invest in Kids Act" offers generous tax credits

Illinois' Invest in Kids Act provides favorable corporate and individual income tax credits for qualified contributions to scholarship granting organizations—including nonprofits that use at least 95 percent of the contributions for scholarships to lower income elementary or high school students.

  • October 17, 2017