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 April 1, the Internal Revenue Service (IRS) issued proposed regulations on the application of the $500,000 deduction limitation for remuneration provided by some health insurance providers under Internal Revenue Code section 162(m)(6). Code section 162(m)(6)(C)(i) provides that a health insurance issuer is a covered health insurance provider for a tax year only if it receives premiums from providing health insurance coverage. The proposed regulations provide rules for determining whether a health insurance issuer is a covered health insurance provider for any tax year and whether a person is treated as a single employer with a health insurance issuer that is a covered health insurance provider for any tax year.
Comments are due by July 1, 2013.