Monday, March 01, 2010 | Kenneth A. Mason
Filed under:
Excise Taxes, Discrimination, Health Plans
Years — and in some cases decades — after the enactment of excise taxes on violations of Tax Code provisions relating to employer health plans, the IRS has finally issued guidance on how those taxes are to be reported and paid. Significantly, the burden is now on employers and plan administrators to self-report these taxes. Failure to do so on a timely basis could lead to substantial filing penalties.
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