Author: Tom Hospod

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Republicans Mount Opposition to Proposed Legislation

March 20, 2017, 7:00 am EDT in Affordable Care Act, Blog

The eventual fate of the American Health Care Act remains uncertain one week after its release. Conservative and moderate Republicans alike have expressed opposition to the bill, indicating the eventual legislation passed into law will likely be significantly different from last week’s proposal.Members of Congress do not seem particularly...

Congress considers options for the Affordable Care Act, ACA

ACA Regulatory Update: Employer Mandate on Life Support

March 10, 2017, 8:30 am EDT in Affordable Care Act, Blog

The fate of the Affordable Care Act employer mandate is becoming clear. Proposed ACA replacement legislation released Monday, entitled the American Health Care Act, aims to dismantle the employer mandate by zeroing out the associated penalties. Despite this, the AHCA maintains both employer and insurer reporting requirements.The employer mandate...

Congress considers options for the Affordable Care Act, ACA

ACA Update: Leaked Republican Legislation Would Phase Out Key Provisions

March 1, 2017, 3:33 pm EDT in Affordable Care Act, Blog

Recently leaked draft legislation provides further insight into Republican plans for healthcare overhaul and associated reporting requirements. The draft, which is nearly three weeks old, indicates key provisions of the law – such as the taxes, mandates, Medicaid expansion and subsidies – would be phased out and replaced between 2018...

ACA reporting update

ACA Update: IRS Tweak to Individual Reporting – What It Means

February 16, 2017, 3:06 pm EDT in Affordable Care Act, Blog

Employers are still required to file their ACA reporting forms. Beyond a potential extension of “good faith” relief to Tax Year 2017 filings, there will likely not be any IRS changes to employers’ reporting obligations.The IRS has implemented its first regulatory change in response to President Trump’s executive order. The...


IRS Clarifies Safe Harbor Rules for De Minimis Errors

January 12, 2017, 5:00 pm EDT in Blog, IRS Regulation Updates, Tax Information Reporting

The Protecting Americans from Tax Hikes Act (PATH Act) enacted in December 2015 creates, extends and permanently implements a number of exemptions and deductions that affect individual and business taxpayers alike. The PATH Act also contains a number of provisions intended to cut down on potential tax fraud. One of...

Tax Transparency at the G20

Tax Transparency at the G20: International Collaboration in Combatting Evasion

October 17, 2016, 10:42 pm EDT in AEOI Reporting, Blog, Value-Added Tax

The fight against tax evasion was front-and-center at the 2016 G20 Hangzhou Summit, which brought together twenty global leaders of the nations with the largest economies.In the wake of the “Panama Papers” leak earlier this year, tax transparency was slated to take on a much more significant role than it...