Taxation

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Gross income of an employee does not include employer-provided health coverage

For more details check these links IRC Section  § 105 §106  Business Expenses Publication 535 Employer's Tax Guide to Fringe Benefits Publication 15-B

Self Employed Deduction  Group Health Deduction $106

Can an employer offer an Individual Plan to a couple of employees and everyone else take the Group Plan?

Similarly Situated Individuals - Protections

What if the plan only covers some employees, owners and not everyone, is it still deductible?

Employees who decline coverage may not be given back cash. Letting employees choose between insurance and cash makes all insurance contributions taxable, unless you have established a Section 125 cafeteria plan.

HSA - Health Savings Accounts - Taxation

Self Employed Individual Polices?

Medical expenses are not deductible unless they are more that 7 1/2 % of adjusted gross income.  See IRS publication 502 for details & explanation.  Check out HSA's for a way to have a tax advantaged savings account to pay medical expenses not covered by Insurance

Links

Health Savings Accounts

Is disability income subject to income tax?

Working Families Tax Relief Act of 2004 Offshore Press Site 

Tax Facts on Life Insurance goes into very detailed explanations.  It can be purchased for $99 or check their  website for a trial subscription

Notice 2004-79 Effect of the Working Families Tax Relief Act of 2004 on Employer-Provided Accident or Health Plans - IRS Site

IRS Publication 502 HTML, What are Medical and Dental Expenses?

Free Advice.com Income Tax Law

IRS Employer's Tax Guide to Fringe Benefits  Publication 15 - B

IRS Publication 502 Deducting Medical Expenses

Metro Bus/Light Rail Trip Planner

Medical Expense Reimbursement Section 105

Uncle Fed - Tax Help - Not a Government Agency

Travel, Entertainment, Meals - IRS Publication 463 for 2003   56 Pages

Simplified version on Uncle Fed's site (not Sam - not a Government Site)

Where's my tax refund?

TITLE 26 - INTERNAL REVENUE CODE Cornell's Site  GPO's Site

Formilab's Site Help from Uncle Fed - Not a Government Agency

IRS Withholding Calculator

Calif. Franchise Tax Board

The first quarter's over: what tax forms must I fill out?
Nolo - Press -- Completing business tax forms

Estate Taxes

California and the Federal Government have passed a lot of laws that regulate how Insurance is written, who gets coverage, when a policy can be cancelled, what coverage's have to be included, how it's taxed and so on.  We've attempted to have the most important ones explained on this site and links to all reference materials to find anything that's relevant.  Use our search engine or Site Map, to find laws on specific products.

Similarly Situated Employees

 


 

HSA Taxation ERISA Mental Health Parity Cafeteria Plans Orthotic Misstatements? CA Insurance Code Guaranteed Issue

Self Employed Individual Polices?

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