New Deduction Limit on Compensation Paid by Certain Health Insurers
The recently enacted health care reform laws create a new broad-based $500,000 annual deduction limit on all compensation paid by certain health insurers and their related companies to all employees and other individual service providers. There are no special exceptions for certain types of deferred compensation, performance-based compensation or commissions. The new limit generally applies to compensation paid in 2013 and later tax years.
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