Written by Reed Tinsley |
April 4, 2013
Under IRC Sec. 162(m)(6), which was enacted as part of the Affordable Care Act, a $500,000 compensation deduction limit is imposed on certain health insurance providers. The deduction limit applies to health insurance providers for payments made in a tax year beginning after December 31, 2012, that are applicable to services rendered by certain employees or other service providers (e.g., independent contractors). The IRS has issued proposed regulations on the application of the $500,000 deduction limit.
About the Author
Reed Tinsley CPA
This article is written by Reed Tinsley, a Houston, TX-based CPA with over 30 years of experience advising physicians and medical practices across Texas and the United States. Reed holds certifications as a Certified Valuation Analyst (CVA), Certified Healthcare Business Consultant (CHBC), and Certified Financial Planner (CFP), specializing exclusively in the healthcare sector. He is a published author, nationally recognized speaker, and trusted advisor to physicians on
accounting & tax,
practice management, and
financial planning.
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