There’s good news from the IRS!
You read that right. As you’ll learn when you read my new article, Uncle Sam has some very good news for you…
- If you didn’t comply with Obamacare rules in 2014, the IRS likely gave you a big out of those severe $100-a-day penalties!
- If you did comply with Obamacare rules, you may have overtaxed your employees and, thanks to the new IRS guidance, they can recoup that over-payment of tax!
The bottom line? The new IRS ruling puts extra payroll cash in your pocket and puts both payroll and income-tax cash in your employees’ pockets.
You’ll get all the good news when you read my new article titled Tax Tips: Big News: IRS Undoes the $100-a-Day Obamacare Penalty and Overtaxation of Your Employees.
Three ways our fact-filled article can help you:
- We’ll explain the new IRS rules. The IRS announced that it wouldn’t impose penalties with regard to insurance payments if you meet two criteria. We’ll tell you what they are when you read the full article.
- You’ll learn why you have to act quickly. The IRS didn’t announce this tax holiday until mid-February 2014… after you sent in your W-2s and other tax forms. But it’s not too late to save money if you contact your payroll company or tax preparer promptly. You’ll get the whole story you read the full article.
- We’ll tell you when you should NOT use this employee reimbursement strategy. Reimbursement of health insurance premiums could cost your employees the opportunity to use the premium tax credit if they purchased insurance through the government exchange. We’ll explain this fully when you read the full article.