IRS Resets Clock on ACA Penalties

"No Double Dipping" Still in Force

Many farm businesses could be subject to fines for reimbursing employees for their individual health insurance coverage. IRS fears such fringe benefits make it too easy for employees to also claim tax subsidies on health care exchanges. (Photo by Ray Tsang, CC BY-SA 2.0)
Many farm businesses could be subject to fines for reimbursing employees for their individual health insurance coverage. IRS fears such fringe benefits make it too easy for employees to also claim tax subsidies on health care exchanges. (Photo by Ray Tsang, CC BY-SA 2.0)
A retroactive IRS notice buys time for small employers to discontinue health reimbursement plans made illegal under the Affordable Care Act.

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