Toward that end, President Biden has officially nominated a new Commissioner to head up the Internal Revenue Service (IRS). The name of Danny Werfel, the head of Boston Consulting Group’s global public sector practice, was sent to the US Senate for confirmation as the new IRS Commissioner. If confirmed by the Senate, Werfel will take…
Read More »Notwithstanding the big news in today’s papers that the US Supreme Court (SCOTUS) decided in the King v. Burwell decision to uphold the funding mechanisms for the Affordable Care Act, Internal Revenue Service rules next week officially end the transitional exemption from the excise penalty for a small employer (generally less than 50 employees or…
Read More »The ever moving target of understanding the implications (good or bad) of the Affordable Care Act mandates has apparently moved again, as the Internal Revenue Service (IRS) last week announced yet another delay in its implementation. Under the regulations, employers that offered health reimbursement arrangements (HRAs) for employees buying individual health insurance policies could have…
Read More »