A Translation Of IRS Policy On Health Insurance Issuers
May 3, 2013, 6:31 PM EDT
Law360, New York (May 3, 2013, 6:31 PM EDT) -- On April 1, 2013, the Internal Revenue Service issued proposed regulations providing guidance on the $500,000-deduction limit for compensation paid by certain health insurance companies to their employees. Because of the complexity of these rules, we recommend contacting counsel for advice on compliance with the rules if your company potentially qualifies as a covered health insurance provider.
While this deduction limit is part of Section 162(m) of the Internal Revenue Code, the coverage and application of these rules differ significantly from the more common applications of...