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At Trusted Tax, we are focused on satisfying the needs of our clients, and making sure you feel comfortable in your finances. We honor this commitment by providing you with the tax expertise and services you require—at an affordable rate. It is not enough to just provide you with your data. We want to empower you by offering key financial information, in a format that is understandable, so you can make sound business decisions. We are dedicated to working with you, as your trusted advisor!

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IRS Offers Small Businesses Limited Relief for Health Coverage Reimbursement Arrangements

Richard Gibson

March 16, 2015

Some health coverage reimbursement arrangements offered by small employers (those with less than 50 full-time employees) are considered by the IRS to be non-compliant with the health coverage plan requirements set forth in the Affordable Care Act (ACA). Beginning January 1, 2014, employers who offer such plans were facing a significant penalty: an excise tax of $100 per employee per day, up...

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