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How to avoid the $100-per-day penalty of the Affordable Care Act

April 6, 2015

Are you worried about violating the Obamacare rules and exposing yourself to the $100-per-day penalty?

Relax! We’ll give you the assistance you need to put you on the road to recovery.

The IRS will be looking very closely at how you reimburse employee health insurance bought on the individual market—if you aren’t careful, you may unintentionally violate the Affordable Care Act (ACA) even if you classify the reimbursements as fully taxable wages.

However, if you do it the smart way, you can increase your employees’ salaries to pay for their individual health insurance without getting a notice from the IRS that will put you in the hospital. The antidote for your Obamacare woes is in my latest article titled Tax Tips: How to Beat the Absurd New IRS Rule on Taxable Reimbursements of Employee Health Insurance?

Three ways our fact-filled article can help you:

  1. We’ll tell you how you can give employees money they can use for health insurance without violating the ACA rule on reimbursement. It’s really quite simple to do, as you’ll see when you read the full article.
  2. You’ll learn why a new IRS rule is just what the doctor ordered for S Corporation owners. Sometimes the IRS will give you an unexpected break! We’ll tell you all about it when you read the full article.
  3. We’ll explain a surprising fact about how the IRS looks at businesses that employ only spouses and children. You’ll get some good news that will leave you bright-eyed and bushy-tailed when you read the full article.

Filed Under: Employees, Fringe Benefits, Insurance, Medical (for 105 plans see Section 105 medical plan), Section 105 medical plan, Tax Planning

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