ITB 11-01: IRS issues interim guidance on section 162(m)(6)

Insurance Tax Bulletin

The IRS has issued Notice 2011-2, providing interim guidance on PPACA's limitation on the deduction of compensation paid by health insurance providers [Section 162(m)(6)] beginning in 2013. This new guidance is extremely helpful for controlled groups whose revenue from health insurance is limited in relation to the group's total revenue. Public companies are still subject to the $1 million limitation on remuneration paid to covered executives.

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