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Small business tax credit for employer health insurance contributions

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • May 28 2010

The Internal Revenue Service (IRS) recently issued guidance on a tax credit made available through the Patient Protection and Affordable Care Act that benefits certain small employers who help defray the cost of their employees' health insurance premiums

Mandatory W-2 reporting of the cost of medical coverage delayed

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • October 29 2010

Under the PPACA, employers are required to report the cost of employer-sponsored health coverage on their employees' 2011 Forms W-2 (generally issued in early 2012

Full-time medical residents subject to FICA

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • February 11 2011

The US Supreme Court recently affirmed a decision of the Court of Appeals for Eighth Circuit upholding the IRS's position that remuneration paid to medical residents working full-time is subject to FICA tax

Treasury, IRS seek public input and comment on health care reform shared responsibility provisions

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • July 29 2011

Under health care reform, employers with 50 or more full-time employees that do not offer affordable health coverage to their full-time employees may be required to make a shared responsibility payment

More health care reform FAQs issued

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • January 4 2011

Over the past several months DOL, HHS, and the IRS (collectively, the Agencies) have issued a series of frequently asked questions (FAQs) regarding the implementation of the Affordable Care Act