The United States Court of Appeals for the District of Columbia Circuit today ordered vacated a critical Internal Revenue Service (IRS) regulation extending tax credits under Obamacare (Patient Protection and Affordable Care Act or PPACA) to participants in federal health care exchanges as contrary to the clear language of the statute.
Monday Morning Regulatory Review: IRS Tax Preparer Suits; Hobby Lobby FAQ; Obamacare in the Territories; Drone Dismissal; And an Upgrade
Among its woes, the Internal Revenue Service (IRS) lost another regulatory case for exceeding its statutory authority last week, and was sued yet again.
The Affordable Care Act—Countdown to Compliance: The Impact of Employment Contract Terms On Variable Hour Employee Status
For applicable large employers (i.e., employers who employed at least 50 full-time and full-time equivalent employees on business days during the preceding calendar year) endeavoring to comply with the Affordable Care Act’s employer shared responsibility rules, determining an employee’s status as “full-time” is critically important.
Getting Ready for 2015: How Government Contractors, Health Care Reform, and the Family Medical Leave Act Intersect
It’s summer now, mid-year 2014. Open enrollment for the 2015 health plan year is just around the corner. . .
The U.S. Department of Justice (DOJ) and the New York State Attorney General intervened in a federal False Claims Act (FCA) case on June 27, 2014, accusing Mount Sinai Health System of failing to report and return Medicaid overpayments within 60 days of identifying them.
Beginning January 1, 2015, “Applicable Large Employers” will be exposed to non-deductible tax liability for each month that they fail to offer affordable, qualifying coverage.
The American Bar Association’s tax and employee benefit practice leaders periodically query IRS representatives about new or changing rules, to confirm that lawyers are reading the rules the same way that IRS reads them.
It’s Not a Federal Question: 7th Circuit Sends Case Involving Affordable Care Act Funds Back to State Court
What is or what is not a federal question under Grable & Sons Metal Products, Inc. v. Darue Engineering & Manufacturing, 545 U.S. 308 (2005), is an issue that continues to perplex lawyers, judges, and law students alike.
“Applicable Large Employers” are exposed, beginning January 1, 2015, to significant new taxes if they fail to offer “minimum essential coverage” to at least 70% of their full-time employees and their dependents.