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Reimbursement for Employee Health Insurance Clarified by IRS
The IRS recently issued a notice that provides transitional relief to small employers who provide reimbursement for employee health insurance purchased by individuals on the marketplace. With that relief, however, the IRS also clarified that the new interpretation...Tax-Free Commuter Benefits
The recently enacted Tax Increase Prevention Act of 2014 (TIPA), retroactively extended enhanced tax-free commuter benefits, but the extension lasts only through December 31, 2014. The IRS explains the complex rules for handling the retroactive increase in its Notice...
Disabled Access Tax Credit
The disabled access tax credit is one of the tax breaks available from the IRS to businesses when they accommodate disabled individuals. Here is a brief summary of three key tax breaks: 1. The disabled access credit A small business may be entitled to a nonrefundable...
