Search Results (491)
Documents on Taxation, Health Care
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|IRS Says PCORI Fees Are Deductible|
Emily Erstling, Paul M. Hamburger; Proskauer Rose LLP;
June 14, 2013, previously published on June 12, 2013As employers plan for paying various health care reform fees, one question that arises is whether the fees owed are tax deductible. In particular, it has been unclear whether the fees paid pursuant the Affordable Care Act to fund the Patient-Centered Outcomes Research Institute...
|Mississippi Supreme Court: This Cheeseburger Might Cause Heartburn Mobility Medical, Inc. and Mobility Medical of North Mississippi, LLC v. Mississippi Dep't of Revenue|
John F. Fletcher; Jones Walker LLP;
June 10, 2013, previously published on June 2013Using the analogy of a $4.00 cheeseburger, the Mississippi Supreme Court has ruled that Mississippi retailers generally are not required to add sales tax to the purchase price of taxable goods sold in the state or to collect those taxes from their customers. The Court made this seemingly...
|Compliance Alert: IRS Releases New Form 720|
Bose McKinney Evans LLP;
June 7, 2013, previously published on June 5, 2013The IRS has released a new Form 720, Quarterly Federal Excise Tax Return. Employers that sponsor self-funded health plans are required to file this Form 720 on or before July 31, 2013 (with respect to plan years that end on or after October 1, 2012). In addition to the filing, self-funded plan...
|Tax Planning for the 'New Normal|
Thomas A. Cotter; Shumaker, Loop & Kendrick, LLP;
May 28, 2013, previously published on Spring 2013Effective January 1, 2013, the American Taxpayer Relief Act of 2012 (“ATRA”) was enacted into law, finally settling years of debate over the fate of the Bush era tax cuts. On the same day, the 3.8% Medicare Tax on net investment income that was part of 2010’s Health Care Act went...
|The Health Care and Education Reconciliation Act’s Tax on Net Investment Income|
William G. McNairy, Sara R. Vizithum, Susan M. Young; Brooks, Pierce, McLendon, Humphrey & Leonard, L.L.P.;
May 22, 2013, previously published on May 17, 2013One of the provisions included in the health care reform legislation enacted in 2010 will subject certain individuals to a 3.8% tax on net investment income (or "unearned income"). The new law is effective in 2013 and imposes a tax on "net investment income" when an individual...
|Treasury and the IRS Propose Regulations on $500,000 Compensation Deduction Limit for Health Insurers|
Cadwalader Wickersham Taft LLP;
May 10, 2013, previously published on May 8, 2013On April 2, 2013, the Treasury Department and the IRS issued proposed regulations under section 162(m)(6) of the Internal Revenue Code, which generally imposes an annual $500,000 limitation on the amount that certain health insurers and their affiliates (“Covered Health Insurance...
|Wisconsin Court Confirms Computer-Controlled Medical Devices Are Exempt From Property Tax|
Theresa A. Andre, Eric J. Hatchell, Maureen A. McGinnity; Foley & Lardner LLP;
May 7, 2013, previously published on May 6, 2013In 2008, the Wisconsin Tax Appeals Commission ruled that the following categories of computerized medical equipment are exempt from property tax:
|Proposed Regulations to Implement Tax-Exempt Community Health Needs Assessment Provisions|
Jason B. Reddish, D. Benson Tesdahl, Barbara Straub Williams; Powers Pyles Sutter & Verville, PC;
April 16, 2013, previously published on April 5, 2013On April 5, 2013,the Internal Revenue Service (IRS) proposed regulationsto implement statutory requirementsthattax-exempt hospitals conduct a community health needs assessment(CHNA) and implement a plan to addressthose needs. Hospitalsthatfailtomeet the proposed requirements are subjectto...
|Executive Compensation and Benefits Report: Proposed Regulations Highlight the Complexity of the $500,000 Deduction Limit for Compensation Paid by Health Insurance Providers|
Skadden Arps Slate Meagher Flom LLP;
April 10, 2013, previously published on April 8, 2013On April 1, 2013, the Internal Revenue Service issued proposed regulations providing guidance on the $500,000 deduction limit for compensation paid by certain health insurance companies to their employees. Because of the complexity of these rules, we recommend contacting counsel for advice on...
|IRS Issues Proposed Regulations on Community Health Needs Assessments|
Tiffany Carr Forte, T.J. Sullivan; Drinker Biddle & Reath LLP;
April 10, 2013, previously published on April 8, 2013On April 5th, the IRS officially released proposed regulations providing tax-exempt hospitals new guidance on meeting the community health needs assessment (the “CHNA”) requirements of Section 501(r)(3) of the Internal Revenue Code (the “Code”). The regulations also provide...