Ideas & Insights

Tax planning opportunities for consideration in light of COVID-19, the resulting economic crisis, and evolving tax laws and regulations.

Employers that do not provide Affordable Care Act-compliant health coverage are in danger of being assessed IRS penalties.

The due date for providing 2019 Forms 1095-B and 1095-C to individuals has been extended by the IRS from Jan. 31, 2020 to March 2, 2020.

The IRS will not process 2017 individual tax returns without health insurance information as ACA penalties still apply for 2017.

New IRS guidance outlines the operating rules for qualified small employer health reimbursement arrangements (QSEHRAs).

The Senate has blocked Republican efforts to modify the Affordable Care Act by voting against a health care reform bill.

New legislation enacted regarding certain arrangements for paying employee health insurance premiums and medical expenses.

Employers with self-insured health plans must submit enrollment data to the government by Nov. 15 and pay the reinsurance fee by Jan. 17.

The IRS issued a warning that fake emails containing a tax bill in connection with the Affordable Care Act were emailed by scammers.

A new Chief Counsel Advice memorandum indicates that certain wellness programs do not provide the tax savings that promoters claim.

Congress passed a bill to repeal major portions of the Affordable Care Act; but the president vetoed the legislation.

Penalties on employers for failing to offer health coverage that complies with the Affordable Care Act are adjusted for inflation for 2015 and 2016.