Monthly Archives: November 2012

“Taxing” Implications of the “Affordable Care Act”

Beginning in 2014, under the Patient Protection and Affordable Care Act, individuals must make a “shared responsibility payment” if they do not have minimum essential health insurance for themselves and theirdependents. That penalty (the Supreme Court defined as a “Tax”) … Continue reading

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Up-dated “Retirement Plan Limits”

The Internal Revenue Service has just released the cost-of-living adjustments for various retirement plan limitations that will take effect on January 1, 2013. The 2012 and the new 2013 limits are as follows: For Calendar Year 2012 2013 Maximum Defined … Continue reading

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IRS Issues New Guidance on Employer Penalties

Beginning in 2014, large employers (presumably employers of 50 or more full time employees) may face penalties if they do not offer any health coverage to their full time employees or if they offer health coverage that is unaffordable. The … Continue reading

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