NEWS
Taxlink by Andy Biebl
Andy Biebl DTN Tax Columnist
Wed Dec 31, 2014 06:58 AM CST

Affordable Care Act (ACA) is unlike any tax legislation I have ever seen. We are more than four years since enactment, yet the surprises keep unfolding. The latest administrative decree from the Department of Labor (DOL) will require some coordination between ag producers and their tax preparers.

BACKGROUND

In lieu of providing group health insurance to employees, many small employers have used reimbursement arrangements that assist employees with the premiums on their individual policies. Some employers also added medical reimbursement plans that provided a limited reimbursement of other out-of-pocket health costs. These were very tax-efficient: deductible to the employer but ...

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