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Documents on Taxation, Health Care
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|Hospital lab services may not constitute unrelated trade or business: IRS Technical Advice Memorandum|
Wakaba Y. Tessier; Husch Blackwell LLP;
July 28, 2014, previously published on July 25, 2014On July 11, 2014, the Internal Revenue Service (“IRS”) released a Technical Advice Memorandum (“TAM”) dated March 7, 2008, which concluded that, contrary to the general rule set forth in Revenue Ruling 85-110 (“Rev. Ruling 85-110”), a tax-exempt hospital’s...
|Will There Be Tax Credit Subsidies for Health Coverage Purchased on the Federal|
Thora A. Johnson, Elizabeth C. Keenan, Ralph S. Tyler; Venable LLP;
July 25, 2014, previously published on July 23, 2014There is no letup in the intensity of the litigation wars surrounding the Affordable Care Act (ACA) or in the significance of the matters at issue. In 2012, the Supreme Court narrowly upheld the ACA in the face of a full-scale attack while invalidating the ACA's Medicaid expansion requirements. A...
|Circuits Split Over Legality of IRS Rule Mandating Tax Credits for Individuals Covered Through Federal Exchanges under the Affordable Care Act|
Robert P. Charrow, Danielle F. White; Greenberg Traurig, LLP;
July 24, 2014, previously published on July 22, 2014Today, the U.S. Court of Appeals for the D.C. Circuit, in a 2-to-1 decision, written by Judge Griffith, overturned Internal Revenue Service (IRS) regulations issued under the Affordable Care Act (ACA) requiring tax credits be made available to otherwise eligible individuals who purchase health...
|Tennessee: Governor Signs Bill Changing Nursing Home Tax|
McDonald Hopkins LLC;
May 21, 2014, previously published on May 8, 2014On April 30, 2014, Tennessee Governor Bill Haslam signed H.B. 1783, revising the state’s tax on nursing homes. The new law, which will take effect on July 1, 2014, will change how the state taxes nursing homes by moving from a per-bed bases to a percentage of revenue basis. The bill initially...
|A Hidden Trap in Obamacare|
Pessin Katz Law P.A.;
May 6, 2014, previously published on April 25, 2014Beginning this year, there is a “gotcha” which middle income individuals who might be able to qualify for the Affordable Care Act’s (“Obamacare”) “premium assistance credit” (“PAC”). There are many instances in the Internal Revenue Code in which...
|Wisconsin: Newly Enacted Workplace Wellness Program Credit Incentivizes Workplace Wellness Initiatives|
David M. Kall, Susan Millradt McGlone, Jeremy J. Schirra; McDonald Hopkins LLC;
March 28, 2014, previously published on March 20, 2014If you are a small business owner in Wisconsin who has been mulling over creating a workplace wellness program, recently enacted S.B. 73 may be the incentive you have been seeking. S.B. 73 establishes a credit to any “small business” (i.e., a business that has 50 or fewer employees) for...
|The Affordable Care Act—Countdown to Compliance for Employers, Week 41: What Employers Need to Know About the Final Rules Issued by the Department of Health and Human Services Relating to Transitional Reinsurance Fees, Public Exchanges, Etc.|
Alden J. Bianchi; Mintz, Levin, Cohn, Ferris, Glovsky and Popeo, P.C.;
March 18, 2014, previously published on March 17, 2014The last few weeks have produced a regulatory frenzy under various provisions of the Affordable Care Act affecting employers:
|IRS Grants Partial, Temporary Relief from the Affordable Care Act’s Employer Mandate|
March 12, 2014, previously published on March 5, 2014Under the Affordable Care Act’s Employer Mandate, employers with 50 or more full-time equivalent employees are required to offer affordable, minimum value health coverage to at least 95% of their full-time employees (and their dependents), or pay penalties to the IRS.
|Tax Reform Proposal Has Significant Impact on Employee Benefit Plans|
Peter C. Langdon, Juliana Reno, John E. Schembari, Diane Stewart-Ferro, Michelle M. Ueding; Kutak Rock LLP;
March 5, 2014, previously published on February 28, 2014On Wednesday the Chairman of the Ways and Means Committee, Representative Dave Camp (R-MI) released a draft tax reform plan called — the Tax Reform Act of 2014.
|Further Information Released by the Treasury and IRS on Transition Relief, Safe Harbors and Certain Definitions|
Hancock Estabrook LLP;
February 28, 2014, previously published on February 2014On February 10, 2014, the U.S. Department of the Treasury (Treasury) and the Internal Revenue Service (IRS) issued final regulations implementing the employer shared responsibility provisions under the Affordable Care Act (ACA) that take effect in 2015. The regulations contain continued transition...