On February 18th, the IRS issued Notice 2015-17 providing transition relief from the 4980D excise tax for small employers who reimburse or pay individual insurance premiums for their employees. Employers with fewer than 50 employees have transition relief through June 30, 2015.
In addition, the notice clarifies the application of compliance with Affordable Care Act (ACA) market reforms when a 2-percent shareholder and non-shareholder employees are reimbursed individual insurance premiums. For more information, contact Michele Graham, CPA at 800.880.7800.
