Honesty Is The Best Policy—Or Else! New Treasury Regulations Require Self-Reporting Of Excise Tax Liability
December 28, 2009 | HIPAA, Mental Health Parity, News | No Commentsby Barbra Rabinowitz, Berry,Odom & Rabinowitz, LLP
Final regulations under the Internal Revenue Code have recently been issued which require group health plan sponsors to self-report the applicable excise tax resulting from a failure to comply with several federal group health plan requirements. While the excise tax liability associated with failure to comply with such requirements is not new, the final regulations now require the plan sponsor/employer to self-report such liability. Read more