Compliance with the Patient Protection and Affordable Care Act (PPACA)

In the wake of the US Supreme Court ruling upholding the Patient Protection and Affordable Care Act (the “Affordable Care Act”) – employers and individual taxpayers alike must now face the reality of compliance with this new legislation. In particular, business clients must soon determine which employees will be covered under the Affordable Care Act or face penalties by the IRS.

The tax attorneys at Weiler & Rees hold the knowledge and expertise to accurately advise clients on the tax and business ramifications of this legislation. The firm stands ready to advise employers, both large and small, on the legal requirements to provide affordable health insurance, penalties for failing to comply, eligibility for tax credits, and additional informational reporting requirements to the IRS.

Weiler & Rees is also prepared to advise individual clients on the penalty for failing to satisfy the individual mandate requirement, the additional FICA, Medicare and other taxes provided for in the Affordable Care Act and other relevant tax related provisions found in the Affordable Care Act.

For more information about this topic, please contact Christian N. Weiler.

This information is provided by Weiler & Rees for educational and informational purposes only and is not intended, nor should it be construed, as legal advice.