Fortunately, advances in the tools and methods of estate planning within the many years since these famous words had been uttered have enabled sophisticated tax and legal counsel to mitigate their results. Health care costs.The well being care regulation enacted in 2010 made important changes to medical reimbursement plans beginning in 2013. Basically, the reimbursement of particular person well being care premiums to staff is an improper employer fee plan. In early 2015, the IRS granted transitional aid to small employers. These employers won’t have to file Form 8928 (to self-report violations and compute the penalty tax) and won’t be responsible for the penalty tax for having an illegal plan via June 30, 2015. The IRS relief, nonetheless, does not apply to small employers who supplied stand-alone well being reimbursement preparations or other medical reimbursement plans to their workers.
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