Health Care Reform's Impact on Employers and Employee Benefit Plans

[T]he Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act... (collectively, the "PPACA" or the "Act")... will provide... new mandates on what needs to be included in health plans, new reporting and disclosure requirements, new subsidies...

The Tax Treatment of Health Coverage for Children Up to Age 26

The Patient Protection and Affordable Care Act (PPACA) and the Health Care and Education Reconciliation Act of 2010 include provisions that require health plans to extend coverage to children of employees up to age 26, regardless of whether the child is a dependent or a full-time student. ... On...

Robert Jennings and Elizabeth Sweigart of Verse Consulting, LLC, on the Recent Codification of the Economic Substance Doctrine

On this edition, Robert Jennings and Elizabeth Sweigart discuss codification of the economic substance doctrine included in the Health Care and Education Reconciliation Act of 2010. Mr. Jennings and Ms. Sweigart analyze objective signposts introduced by the legislation to qualify transactional economic...

Economic Substance Codification and Multinational Cross-Border Transactions

U.S. multinationals need to focus on the codification of the Economic Substance Doctrine in the recently enacted Health Care and Education Reconciliation Act of 2010, P.L. 111-152 (H.R. 4872) ... U.S. multinationals with contemplated or pending transactions [need] to act quickly to put in place a practical...

More Focus on Sin Taxes Needed in Health Care Debate

House passage of H.R. 2, the Repealing the Job-Killing Health Care Law Act, starts the bidding in what is certain to take years to resolve the health care crisis. Attention to health care reform excise taxes will only intensify as judicial and legislative action unfolds in challenges to the Patient Protection...

Penalties and Retainer Letters After the Enactment of Economic Substance

As mentioned a few times on this blog, Congress codified the economic substance doctrine last year as part of the Health Care and Education Reconciliation Act of 2010. One of the aspects of the new law is the introduction of a strict liability penalty for engaging in transactions that lack economic substance...

Estates and Trusts and the Proposed Regulations for the Net Investment Income Tax Under IRC Section 1411

by Diane L. Mutolo * ... On Jan. 1, 2013, a 3.8% net investment income tax on individuals and estates & trusts, enacted as part of the Health Care and Education Reconciliation Act of 2010 (Pub L No 112-152, 111th Cong, 2d Sess (March 30, 2010)) takes effect... IRC Section 1411 ... will provide...

Estates and Trusts and the Proposed Regulations for the Net Investment Income Tax Under IRC Section 1411

by Diane L. Mutolo * ... On Jan. 1, 2013, a 3.8% net investment income tax on individuals and estates & trusts, enacted as part of the Health Care and Education Reconciliation Act of 2010 (Pub L No 112-152, 111th Cong, 2d Sess (March 30, 2010)) takes effect... IRC Section 1411 ... will provide...

Offset Elixir: Elusive Antidote for Medical Device Excise Tax Pain

The Medical Devices Excise Tax was imposed pursuant to Section 1405(a) of the Health Care and Education Reconciliation Act of 2010 ( P.L. 111-152 , the "Act"). Almost immediately after the Act was signed into law, calls for repeal began. Proposed repeal legislation was introduced in both houses...