As widely anticipated, President Obama signed into law on April 14th a bill to repeal expanded Form 1099 information reporting requirements for certain business payments and rental property expense payments. The Comprehensive 1099 Taxpayer Protection and Repayment of Exchange Subsidy Overpayments Act of 2011 specifically repeals: the requirement for businesses, charities, and governmental entities to [...]
The IRS has provided a one-year grace period to allow employers additional time to report the cost of employer-sponsored health insurance on each employee’s Form W-2. Under the Patient Protection and Affordable Care Act of 2010 (The Act), this reporting requirement was scheduled to take effect for the 2011 tax year. The relief applies to Forms [...]
Join us as we clarify how this recent legislation will affect your organization Earlier this year, President Obama signed into law significant pieces of legislation – the Hiring Incentives to Restore Employment (HIRE Act) and the Health Care Reform legislation (consisting of both the The Patient Protection and Affordable Care Act and the Health Care [...]
