U.S. Senate Passes Bill to Repeal PPACA's 1099 Reporting Requirements
The U.S. Senate passed a bill April 5 that would repeal PPACA’s 1099 tax reporting requirement. The measure benefited from bipartisan support, passing on an 87-12 vote.
Read more … U.S. Senate Passes Bill to Repeal PPACA's 1099 Reporting Requirements
IRS issues W2 Health Benefits Reporting Guidance
(PLANSPONSOR.com) - The Internal Revenue Service has issued interim employer guidance about reporting on employees' W-2 the cost of the health insurance coverage they sponsor for employees.
Read more … IRS issues W2 Health Benefits Reporting Guidance
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The Medical FSA Improvement Act of 2011
Introduced Medical FSA Improvement Act of 2011 - Amends the Internal Revenue Code to allow amounts in a flexible spending arrangement (FSA) that are not spent for medical care to be distributed to the FSA participant as taxable income after the close of a plan year (currently, such unspent amounts are forfeited). Includes such FSAs in the definition of tax-exempt cafeteria plans ...