N-2015-17: ACA penalty relief for small employer

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IRS GuideWire

February 18, 2015

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Issue Number: N-2015-17

Inside This Issue

Notice 2015-17 provides transition relief from the assessment of excise tax under section 4980D for small employers (in particular, employers who are not applicable large employers) who reimburse or pay a premium for an individual health insurance policy for an employee. Notice 2015-17 also addresses the treatment for federal tax and for market reform purposes of arrangements reimbursing premiums of 2%-shareholder employees of S corporations. Finally, Notice 2015-17 addresses application of the market reforms to certain employer arrangements to fund Medicare premium payments or to provide a TRICARE-related health reimbursement arrangement (HRA).

Notice 2015-17 will be in IRB 2015-10, dated March 9, 2015.

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