Darryl L. DePriest is the seventh presidentially appointed and Senate-confirmed Chief Counsel for the Office of Advocacy.
Prior to joining the Small Business Administration Office of...
On February 10, 2014, the Internal Revenue Service (IRS) issued final regulations that provide guidance on large employers' shared responsibility for employee health insurance coverage under section 4980H of the Internal Revenue Code. Under the final regs, the employer mandate will apply to employers with 100 or more full-time employees beginning January 1, 2015. The final rules will apply to midsize businesses with 50 to 99 full-time equivalent employees beginning January 1, 2016. Companies that have fewer than 50 employees are exempt from providing coverage or filling out any forms in any year.
The final regulations are effective February 12, 2014.