IRS Issues Guidance on QSEHRA Plans

Internal Revenue Service Notice 2017-67 The latest notice provides long awaited guidance on the qualified small employer health reimbursement arrangement (QSEHRA). The QSEHRA plan is a great small business alternative group coverage. The plan was welcomed when it was signed into law in 2017 and, it overturned guidance previously issued by the Internal Revenue Service and the […]

IRS Wage Garnishment

Nothing motivates a taxpayer to seek help quicker than an IRS Levy. An IRS levy permits the legal seizure of your property to satisfy a tax debt. It can garnish wages, take money in your bank or other financial account, seize and sell your vehicle(s), real estate and other personal property. An IRS Levy does not come […]

The Future of the Qualified Small Employer HRA (QSEHRA)

The New HRA for Qualified Small Employers The passage of the 21st Century Cures Act in December of 2016 minted a new HRA benefit, the Qualified Small Employer HRA. The law was essentially a compromise between lawmakers, who understood that small businesses that did not offer traditional group health benefits wanted to provide a non-traditional […]

Outsourced ACA Reporting: is it risky?

If you have to report under IRC 6055 & IRC 6056, no doubt you have found many vendors offering low cost ACA reporting, or offering to bundle it with the payroll software. Be wary, chances are they’re expecting you to be the expert. They will expect you to understand every nuance of the law, and you’ll […]

Are You Reporting Insurance Commissions Correctly?

Why independent insurance agents may want to revisit how they treat insurance commissions for tax purposes. In the recent case of Fleischer v. Commissioner, Ryan Fleischer, a Series-licensed independent broker with LPL and also an insurance agent with MassMutual for fixed insurance contracts was an independent agent and was structured as an independent contractor. Fleischer […]