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Health Insurance Exchange — Reimbursing Employee Premiums

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Businesses choosing not to provide a health insurance plan directly to employees must provide reimbursement to employees for the premiums they pay for a qualified health insurance plan that they must acquire through either the health insurance exchange or independently. The IRS has posted FAQs that address the consequences of an employer reimbursing its employees for these premiums.

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House Elects New Chairman of JCT

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On April 14, Rep. Dave Camp (R-MI), Vice Chairman of the Joint Committee on Taxation (JCT) and Chairman of the House Committee on Ways and Means, announced that Sen. Ron Wyden (D-OR) has been elected Chairman of the JCT for the remainder of the second session of the 113th Congress. The position was vacated by former Sen. Max Baucus, who resigned earlier this year to become the U.S. Ambassador to China.

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Walton Appoints Phil Ownbey as President

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Premier Tax Incentive Consultant Strengthens National Practice with Industry Expert

Ocean, NJ February 17, 2014 — Walton, one of the longest-tenured independent tax and non-tax incentives consulting firm in the U.S., announced today the splitting of the President and CEO position, previously held by Fred Stiftel, and the appointment of Phil Ownbey as president. Mr. Ownbey brings extensive and relevant experience to Walton, having held strategic executive positions at tax credit and incentive firms. Fred Stiftel will retain the title of CEO.

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