November 10, 2014
This article (which was revised on November 6, 2014), discusses the Affordable Care Act's impact on more-than-two percent shareholders of S Corporations. Discussed is the ACA's impact on FICA and the IRC section 162(l)(5) self-employment health insurance premium deduction.This article also addresses the potential wide-ranging impact of new DOL Q&As (even though the Q&As don't reference S corporations).