With all the national press coverage about tax savings, tax cuts and company bonus payments associated with the Tax Cuts and Jobs Act of 2017 (the “Tax Act”), it is easy to miss the changes in federal tax laws that impose substantial negative tax consequences on employers that pay certain executives an amount of compensation
Tax Cuts and Jobs Act
2018 Tax Reform Series: Goodbye to the Individual Mandate
By Stephanie O. Zorn on
Posted in Affordable Care Act, Tax Cuts and Jobs Act
This is the seventh article in our series covering various tax and employee benefits-related changes contained in the Tax Cuts and Jobs Act signed by the President on December 22, 2017.
Once significant change made by the Act, summarized below, is the elimination of the Affordable Care Act’s individual mandate, effective 2019.
Background
Long an…
Major Changes to Executive Compensation Tax Rules Loom
By Melissa Ostrower & Jackson Lewis P.C. on
Posted in Tax law changes
On December 2, 2017, the U.S. Senate passed its version of the Tax Cuts and Jobs Act, which follows a prior passage on November 16, 2017, of a House version of the tax bill. The bills must now be reconciled by a joint committee of House and Senate members, but both bills would make significant …