IRS Notice 2011-2, 2011-2 I.R.B. 1 (Dec. 22, 2010)

(guidelines issued on the application of I.R.C. Sec. 162(m) (which was added by the Health Care Act to limit to $500,000 of earnings per employee the deduction for remuneration for services provided by persons to some health insurance providers and utilizes aggregation rules across consolidated groups; under a deminimis rule, employer not treated as covered health insurance provider for tax years beginning in 2010 and through 2012 if premiums employer receives are less than 2 percent of employer's gross revenues for that tax year; starting in 2013, employer excepted from provider definition if health coverage insurance received from providing minimum essential coverage are less than 2 percent of employer's gross revenues for the year; definition of "applicable individual" under Sec. 162(m)(6)(F) excludes some independent contractors; as for who is a "covered health insurance provider", premiums received under indemnity reinsurance contract are not "premiums" from providing health insurance coverage).

CALT does not provide legal advice. Any information provided on this website is not intended to be a substitute for legal services from a competent professional. CALT's work is supported by fee-based seminars and generous private gifts. Any opinions, findings, conclusions or recommendations expressed in the material contained on this website do not necessarily reflect the views of Iowa State University.

RSS​ Facebook Twitter