IRS Publishes Penalty Relief for Small Employers

February 21, 2015
Author: Antonette
Posted In General

On February 18, 2015, the IRS issued Notice 2015-17, which provides transition relief from the assessment of excise tax under Section 4980D for small employers (in particular, employers that are not applicable large employers) that reimburse or pay a premium for an individual health insurance policy for an employee.  Notice 2015-17 also addresses the treatment for federal tax and market reform purposes of arrangements reimbursing premiums of 2%-shareholder employees of S corporations. Finally, Notice 2015-17 addresses application of the market reforms to certain employer arrangements to fund Medicare premium payments or to provide a TRICARE-related health reimbursement arrangement. -- AON

Click here to view the IRS Notice 2015-17.

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