IRS Enforcement Efforts – Letter 226J (§4980H Requirements)
The IRS is now proposing §4980H (“Employer Mandate”) penalties for applicable large employers who appear to owe penalties for the...
2023 “Affordability” Percentage
In Revenue Procedure 2022-34, the IRS significantly decreased the affordability percentage from 9.61% to 9.12% for 2023. This percentage determines...
Biden Administration Extends National Emergency
Introduction On February 18, 2022, President Biden formally extended the COVID-19 National Emergency for up to another year. The National...