The Internal Revenue Service (IRS) in January offered additional guidance on a provision in the Patient Protection and Affordable Care Act that will require employers to report the cost of coverage under an employer-sponsored group health plan on each employee’s W-2 form. 

The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.  

The Department of Treasury and the Internal Revenue Service (IRS) recently issued three notices related to the health care law that address minimum value and information reporting on health insurance coverage. In addition, the Departments of Health and Human Services, Labor and the Treasury issued a separate bulletin regarding verification of access to employer-sponsored coverage.  

As part of the Family Business Estate Tax coalition (FBETC), ABC Nov. 15 sent a letter to members of Congress urging them to pass legislation addressing the estate tax before the end of the year. Barring congressional intervention, the resurgent estate tax rate and diminished exemption would saddle thousands of family-owned businesses with a crippling tax increase.

As part of the Family Business Estate Tax coalition (FBETC), ABC Nov. 15 sent a letter to members of Congress urging them to pass legislation addressing the estate tax before the end of the year. Barring congressional intervention, the resurgent estate tax rate and diminished exemption would saddle thousands of family-owned businesses with a crippling tax increase.

Watch ABC Chief Economist Anirban Basu’s analysis of the how the impending fiscal cliff will impact the construction industry. 

Watch ABC Chief Economist Anirban Basu’s analysis of the how the impending fiscal cliff will impact the construction industry. 

In advance of a Sept. 13 U.S. House of Representatives subcommittee hearing titled, “Adding to Uncertainty: Small Business’ Perspectives on the Tax Cliff,” ABC called for immediate bipartisan action to avert the looming year-end tax increases.

In advance of a Sept. 13 U.S. House of Representatives subcommittee hearing titled, “Adding to Uncertainty: Small Business’ Perspectives on the Tax Cliff,” ABC called for immediate bipartisan action to avert the looming year-end tax increases.

A multi-industry letter, signed by 298 U.S. Chamber of Commerce affiliates, as well as national associations, has been sent to the members of the United States Congress and the President, urging immediate action to avoid further harm to the American economy.