IRS Clarifies that Indirect Owners of Disregarded Entities Are Liable for Self-Employment Tax


The IRS recently released temporary regulations clarifying that an employee of a disregarded entity is liable for self-employment tax if the employee is a partner in the partnership that owns the disregarded entity.
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IRS Expands Tax Treatment of Identity Protection Services To Address “Inevitable” Nature of Data Breaches


The IRS has expanded upon its prior position and announced that employers are permitted to provide identity protection services to their employees before a data breach occurs and without treating such services as income.
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Beware of Traps for the Unwary in Preparing ACA Information Returns (Part 3)


This is the third and final part of a series on traps for the unwary in preparing information returns required under the Affordable Care Act (ACA).
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2016 Plan Contribution and Compensation Limits; Medicare COLA to Remain the Same


In October, two newly released guidances from the Internal Revenue Service (IRS) and Social Security Administration confirm that the United States cost of living did not increase enough to warrant a cost-of-living adjustment (COLA) for Medicare or increases in compensation and contribution limits on retirement plans for 2016.
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Beware of Traps for the Unwary in Preparing ACA Information Returns (Part 2)


This is part two of a series of posts highlighting traps for the unwary in preparing information returns required under the Affordable Care Act (ACA).
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