Search Results for "fica"

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IRS Streamlined Filing Compliance Procedures

U.S. citizens, including dual citizens and resident aliens (e.g. green card holders) residing abroad, are required to timely report their worldwide income (regardless of which country is the source of the income) on a U.S. individual income tax return by filing Form 1040, and report foreign bank and financial accounts by filing Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts (“FBAR”).

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PCORI Fee: A Few Practical Considerations

We recently wrote an article regarding the Patient-Centered Outcome Research Institute (PCORI) fee, a new requirement under the Affordable Care Act which will require many plan sponsors to file a Form 720 and pay an excise tax by July 31, 2013.  This post is a reminder of this filing requirement.  In addition, we would

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How Do Your Payers Stack Up?

As a former Wellpoint, Inc. (Anthem BCBS of Maine) contractor, I know firsthand the diligence that payers take in preparing for contract negotiations.  Point blank, payers do their homework.  So should you.

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Patient-Centered Outcomes Research Institute (PCORI) Fee: The Basics

(Filing May Be Due by July 31) Remy Schneider, Manager, and Stephanie Joyce, Senior Manager, Tax Practice As part of the Affordable Care Act (the “Act”), issuers of specified health insurance policies and plan sponsors of applicable self-insured health plans are subject to a new fee to help fund the Patient-Centered

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UBI in IRAs and Qualified Plans from Partnership Investments Can Ba a Nasty Surprise

During this past tax filing season, we came across several instances where clients experienced unexpected tax return filing requirements and, in some cases, tax liabilities resulting from partnership investments within their individual retirement accounts (IRAs) and qualified retirement plans.  This post will explore some of the issues involved in these

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IRS Sideshow: A Few Interesting Tax Rules

No, the purpose of this article is not to focus on the ongoing IRS debacle related to scrutiny of conservative tax-exempt status applications.  That is much too low-hanging fruit to be of any challenge.  This article instead is a light-hearted look at some odd taxes and tax breaks that have