Contact Paul +

Time limit is exhausted. Please reload CAPTCHA.

Health Care and Education Reconciliation Act of 2010 (HCERA)

IRS issues more proposals on rules for Cadillac health plan tax

IRS issues more proposals on rules for Cadillac health plan tax

IRS has recently issued a second Notice that outlines a number of potential approaches it might take in future proposed regs on the Code Sec. 4980I’s excise tax on high cost employer-sponsored health coverage. Unusually expensive health insurance plans are sometimes referred to as “Cadillac plans.” Thus, this excise tax is sometimes referred to as […]

Read the full article →

IRS Issues Inflation-Adjusted Health Savings Account Figures For 2016

IRS Issues Inflation-Adjusted Health Savings Account Figures For 2016

Rev Proc 2015-30, 2015-20 IRB A new revenue procedure provides the annual inflation-adjusted contribution, deductible, and out-of-pocket expense limits for 2016 for health savings accounts (HSAs). HSA basics. Eligible individuals may, subject to statutory limits, make deductible contributions to an HSA. Employers as well as other persons (e.g., family members) also may contribute on behalf of […]

Read the full article →

Tax breaks can help reduce the high cost of long-term care insurance

Tax breaks can help reduce the high cost of long-term care insurance

One of the largest threats to a person’s financially secure retirement is that he or she may be hit with a serious physical or mental disease that could deplete or wipe out savings accumulated over a lifetime. Long-term (LT) care insurance—which typically covers what Medicare won’t—is one way to hedge against this risk, but it […]

Read the full article →

Tax breaks can help reduce the high cost of long-term care insurance –Part II

Tax breaks can help reduce the high cost of long-term care insurance –Part II

One of the largest threats to a person’s financially secure retirement is that he or she may be hit with a serious physical or mental disease that could deplete or wipe out savings accumulated over a lifetime. Long-term (LT) care insurance—which typically covers what Medicare won’t – is one way to hedge against this risk, […]

Read the full article →

An Easy Money Saver: the Flu Shot – Pharmacies Offer Them; Health Law Makes Them Affordable

An Easy Money Saver: the Flu Shot – Pharmacies Offer Them; Health Law Makes Them Affordable

An Easy Money Saver: the Flu Shot – Pharmacies Offer Them; Health Law Makes Them Affordable, as reported in the WS Journal. With illnesses from Ebola to enterovirus making headlines this fall, many health experts say one of the best ways to protect yourself–and your wallet–is to steer clear of an old holiday bug, the […]

Read the full article →

Health-Care Choices: HSAs vs. FSAs – Brushing Up on Your Medical-Reimbursement Accounts

Health-Care Choices: HSAs vs. FSAs – Brushing Up on Your Medical-Reimbursement Accounts

Health-Care Choices: HSAs vs. FSAs – Brushing Up on Your Medical-Reimbursement Accounts, as reported in the WS Journal. A word to the wise for those with workplace health benefits who are about to go through open enrollment: This is a good year to brush up on medical-reimbursement accounts. More employers are rolling out the kind […]

Read the full article →

Prepare for Health-Plan Enrollment – It Starts Nov. 15, With New Deadlines, Prices and Options

Prepare for Health-Plan Enrollment –  It Starts Nov. 15, With New Deadlines, Prices and Options

Prepare for Health-Plan Enrollment – It Starts Nov. 15, With New Deadlines, Prices and Options, as reported in the WS Journal. The second year of the Obama administration’s health-insurance program starts Nov. 15, with new deadlines, prices and options for the millions of Americans who have obtained coverage under the law—and, for the uninsured, opportunities […]

Read the full article →

IRS issues final regs on Code Sec. 45R small business health care credit

IRS issues final regs on Code Sec. 45R small business health care credit

T.D. 9672, 06/26/2014; Reg. § 1.45R-1, Reg. § 1.45R-2, Reg. § 1.45R-3, Reg. § 1.45R-4, Reg. § 1.45R-5. Click here for TD 9672, Tax Credit for Employee Health Insurance Expenses of Small Employers. IRS has issued final regs on the Code Sec. 45R tax credit available to certain small employers that offer health insurance coverage […]

Read the full article →

5 things not to buy at drugstores (including drugs)

5 things not to buy at drugstores (including drugs)

5 things not to buy at drugstores (including drugs) – For the best deals, shop at big-box and grocery stores instead, as reported in the WS Journal. While drugstores now carry everything from Tylenol and tights to tuna rolls, it’s rare that their offerings are cheaper than the same items at big-box and grocery stores—and […]

Read the full article →

10 things health foods won’t tell you

10 things health foods won’t tell you

10 things health foods won’t tell you, as reported in the WS Journal. 1. “We’re healthier than you are.” Pledges to get fit and lose weight are perennially popular New Year’s resolutions, and consumers perusing the supermarket are likely to find plenty of foods that promise to help. It’s not just diet food. Offerings of […]

Read the full article →

10 things vitamin makers won’t say

10 things vitamin makers won’t say

10 things vitamin makers won’t say, as reported in the news of the WS Journal. 1. “We overwhelm you with choices.” There are more than 54,000 dietary supplements on the market, sold under 1,000 different brands, according to consumer groups. Indeed, the Food and Drug Administration defines a supplement broadly, as an ingestible product containing […]

Read the full article →

10 things the weight-loss industry won’t tell you

10 things the weight-loss industry won’t tell you

10 things the weight-loss industry won’t tell you – If a new diet was a New Year’s resolution, prepare for a letdown, as reported in the news of the WS Journal. 1. “Some of us are big, fat liars.” Currently, more than one in three American adults over 20 is obese — up from roughly […]

Read the full article →

Manufacturer, not supplier, held liable for medical device excise tax

Manufacturer, not supplier, held liable for medical device excise tax

In Chemence Medical Products, Inc. v. Medline Industries, Inc. (DC GA 12/04/2013) 112 AFTR 2d ¶ 2013-5617, a district court has issued a declaratory judgment that a manufacturer, and not a supplier, was responsible for the Code Sec. 4191 medical excise tax. The court also found that the manufacturer was liable for the tax under […]

Read the full article →

Top 10 Best Health Care Systems in the World

Top 10 Best Health Care Systems in the World

As reported in the news, Top 10 Best Health Care Systems in the World, the results might surprise you. Here’s the article: Health care is one of the basic necessities that a government should provide to its citizens. In some countries, it is amazing how they are able to maintain health care systems that are […]

Read the full article →

Amounts collected by health insurers to offset annual fee are included in income

Amounts collected by health insurers to offset annual fee are included in income

In a Revenue Ruling, Rev Rul 2013-27, 2013-51 IRB, IRS has clarified that amount collected by a covered entity from policyholders to offset the cost of the post-2013 annual fee on health insurance providers is included in the covered entity’s gross income under Code Sec. 61(a). Background.  Under Code Sec. 61(a), gross income means all […]

Read the full article →

Final regs on health insurance providers’ annual fee reflect changes

Final regs on health insurance providers’ annual fee reflect changes

IRS has issued final regs on the annual fee imposed after 2013 on covered entities engaged in providing health insurance for U.S. health risks. The regs adopt proposed regs issued earlier this year with some modifications.  The regs apply to any fee that is due on or after Sept. 30, 2014.  T.D. 9643, 11/26/2013; Reg. […]

Read the full article →
Meet Paul Raymond

Meet Paul Raymond

Mr. Raymond is a sought after speaker in tax controversy law by many attorney, accountant, and business groups and at the request of the Internal Revenue Service, has presented programs at the IRS Nationwide Tax Forum, attended by tax professionals throughout the United States.

Additionally, he continues to be an active member in the Section of Taxation, American Bar Association, where he was the Past Chair of the Employment Taxes Committee.

Read More

Connect With Paul on Social Media

Practice Areas & Information

Certifications &
Associations
Member CA Bar Member Orange County Bar US Tax Court Attorney