ACA Cadillac Tax Guidance Addresses Health FSAs and More | Practical Law
The IRS has issued Notice 2015-52, which addresses the excise tax on high cost employer-sponsored health coverage under the Affordable Care Act (ACA) (commonly known as the Cadillac tax). The Notice covers various topics involving implementation of the Cadillac tax (under Section 4980I of the Internal Revenue Code), including identification of taxpayers who are liable for the tax, employer aggregation, and allocating the tax among taxpayers.