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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

IRS now accepting applications for $1 billion therapeutic discovery credit program window closes July 21, 2010

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • June 23 2010

The IRS is now accepting applications for the $1 billion pool of funds earmarked by the health care reform bill (the Patient Protection and Affordable Care Act of 2010) for small and mid-size biotechnology companies to provide needed funding to support critical research and development programs under the qualifying therapeutic discovery tax credit program

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

Hospitals get extra time to file their 2010 Form 990s

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • March 7 2011

Most hospitals have been given an extra three months to file their Form 990 for 2010

New year, new medical device tax: key questions answered

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • January 30 2013

On January 1, 2013 an excise tax of 2.3 percent on total revenues from manufacturers of medical devices in the U.S. took effect, impacting not just

US fiscal cliff resolution

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • February 25 2013

On January 2, 2013, President Obama signed into law the American Taxpayer Relief Act (H.R. 8) effective January 1, 2013. The act was the culmination

The Trade Adjustment Assistance Extension Act extends Health Coverage Tax Credit

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • December 21 2011

On October 11, 2011, the Trade Adjustment Assistance Extension Act was signed into law

The application of the medical device excise tax to foreign manufacturers selling to end-users in the United States

  • Hodgson Russ LLP
  • -
  • USA
  • -
  • May 6 2013

As of January 1, 2013, the first sale of a taxable medical device in the United States by a manufacturer, producer, or importer has been subject to a