Tax Alerts and Tips
Recent Tax Changes
New Law "Cures" Small Employer Health Insurance Dilemma -- The 21st Century Cure Act has passed Congress which the President has just approved and signed. The legislation provides for an exception from group health plan requirements for qualified small employer health reimbursement arrangements. Beginning in 2017, a small employer may again reimburse employees for individual health insurance premiums without fear of the onerous $100 per day per employee penalty assessed for violation of health care reform. Click here for more information.
Direct Pay -- The IRS has launched a new
way for taxpayers to pay their tax liability online. The
IRS Direct Pay website allows taxpayers to pay their Form
1040 tax bill or make estimated tax payments directly
from their checking or savings account at no cost. The
taxpayer receives instant confirmation that a tax payment
has been submitted. Bank account information is not
retained in the IRS systems after payments are made.
How to Pay Federal Taxes by Credit Card.
- When is Tax Day next year?
- Health Savings Accounts Limitations