What Your Clients Should Know about the ‘Cadillac Tax’October 6, 2015
The Affordable Care Act imposes a tax on workplace health coverage exceeding specified limits. Slated to go into effect in 2018 and commonly called the “Cadillac tax,” it has been the subject of repeal and amendment efforts in Congress, even as the IRS continues to work out how the tax will be administered. To date, the IRS has issued two notices – Notice 2015-16 and Notice 2015-52 – outlining detailed proposals and requesting comments on various aspects of the tax…Accounting Web.
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