We use cookies to customise content for your subscription and for analytics.
If you continue to browse Lexology, we will assume that you are happy to receive all our cookies. For further information please read our Cookie Policy.

Search results

Order by: most recent most popular relevance



Results: 1-10 of 118

IRS releases guidance for employers and others on the 2013 Medicare taxes under the Affordable Care Act
  • Proskauer Rose LLP
  • USA
  • December 10 2012

On November 30, 2012, the Internal Revenue Service released proposed regulations and two sets of frequently asked questions implementing two new Medicare taxes under the Patient Protection and Affordable Care Act that are effective starting in 2013


Important IRS guidance on tax treatment of health coverage for children under age 27
  • Proskauer Rose LLP
  • USA
  • April 28 2010

On April 27, 2010, the Internal Revenue Service (the "IRS") issued Notice 2010-38 (the "Notice"), which provides important guidance regarding the tax treatment of employer-provided health coverage to employees' adult children


Medical residents conclusively determined to be subject to FICA tax beginning April 15, 2005 under new U.S. Supreme Court decision
  • Proskauer Rose LLP
  • USA
  • February 11 2011

In Mayo Foundation for Medical Education and Research v. United States, the U.S. Supreme Court upheld the validity of a Treasury Regulation that states that the student exception from FICA (Social Security and Medicare) tax does not apply to medical residents because they work at least 40 hours per week


IRS releases 2010 Schedule H and grants automatic three-month extension of time to file
  • Proskauer Rose LLP
  • USA
  • February 24 2011

As we have previously reported, the Affordable Care Act (the "Act") included additional requirements for tax-exempt hospitals to maintain their tax-exempt status; these changes are effective for tax years starting after March 23, 2010, the enactment date of the Act


State tax issues under the Affordable Care Act
  • Proskauer Rose LLP
  • USA
  • February 14 2011

In general, coverage under a group health plan for an employee, spouse, and other "eligible tax dependents" is excludable from the employee's gross income for federal tax purposes


Reminder: Section 125 plans may need to be amended by July 1
  • Proskauer Rose LLP
  • USA
  • May 31 2011

As discussed more fully in our September 28, 2010 client alert (Changes on Over-the-Counter Drug Coverage Required Under Health Care Reform in 2011) and mentioned again in our May 9, 2011 client alert (Health Reform Update: Recent Changes and Challenges to the Affordable Care Act), IRS Notice 2010-59 provides that over-the-counter medicines or drugs purchased without a prescription on or after January 1, 2011 (other than insulin) may no longer be paid for or reimbursed under account-based plans, such as health FSAs, HRAs, and HSAs


IRS defers application of nondiscrimination rules for insured group health plans
  • Proskauer Rose LLP
  • USA
  • December 23 2010

On December 22, 2010, the Internal Revenue Service ("IRS") released Notice 2011-1, which defers application of certain nondiscrimination requirements applicable to insured group health plans under the Affordable Care Act (the "Act"


IRS releases additional guidance on use of FSA & HRA electronic debit cards
  • Proskauer Rose LLP
  • USA
  • January 6 2011

On December 27, 2010, the Internal Revenue Service ("IRS") released Notice 2011-5, which offers additional scenarios under which an electronic debit card may be used to purchase over-the-counter ("OTC") medicines or drugs obtained with a prescription, as required under the Affordable Care Act effective January 1, 2011 (a brief transition period exists for debit card purchases between January 1 and January 15, 2011, after which compliance is required


IRS clarifies previous guidance on Form W-2 informational reporting requirement
  • Proskauer Rose LLP
  • USA
  • January 12 2012

On January 3, 2012, the Internal Revenue Service ("IRS") released Notice 2012-9, which restates and clarifies its prior guidance on the requirement under the Affordable Care Act to report the cost of employer-sponsored health coverage on employees' annual Forms W-2 (using box 12, code DD


New proposed regulations on federal income tax exemption for hospitals
  • Proskauer Rose LLP
  • USA
  • June 22 2012

As we have previously reported, the 2010 Health Care Reform Act imposed new, specific requirements for hospitals to maintain their Section 501(c)(3) tax-exempt status