IRS Gone Wild – Again!

IRS Gone Wild – Again!

  • Post published:July 14, 2015
  • Post category:Issues

  Based on guidance contained in IRS Notice 2015-17, beginning July 1, the IRS can fine companies who reimburse employee healthcare expenses $100 per day, per employee.  Over the course of a year that’s $36,500 per employee, up to a max per company of $500,000 per year. 
 

This is an example of anti-business government regulations that must be stopped.  Fortunately there have been bills introduced in Congress that could take care of the problem.  The Senate and House bills to stop the IRS from the above fines on small business can be viewed HERE and HERE.
 

Take Action:  The NMBC encourages you to contact the NM Congressional Delegation urging their support of Senate Bill 1697 and House Bill 2911.  Send us a note at nmbiz@nmbizcoalition.org telling us you called or emailed.

Fossil Fuel Opposition Update to be held in Farmington: Protecting the environment and safely extracting natural resources to produce clean and affordable energy is possible. The NMBC will be bringing its truth-filled discussion about energy to Farmington on August 18.  Join us at Merrion Oil and Gas at 5 pm for an informative event that will help clear up some questions you may have about energy use and production in the state. 

This event is FREE thanks to these great sponsors:

Host: Merrion Oil and Gas
Allen & Gayla McCulloch
Bayless Producer, LLC
Bill & Jean Hagler
Four Corners Economic Development

RSVP for the Farmington Fossil Fuel Update HERE.

It’s Almost Time for the NMBC 2015 Heroes Luncheon in Albuquerque: Join the NMBC on August 27 for a luncheon at the Albuquerque Marriot Pyramid as the New Mexico Business Coalition (NMBC) honors local Heroes. The keynote will be delivered by U.S. Marshal Conrad E. Candelaria.

Thank you to our sponsors:
New Mexico American Fire Sprinkler Association
Santa Fe Federated Republican Women

Nominate a Hero Do you know a business/community leader, volunteer or young person who deserves special recognition for their work to make New Mexico better? The deadline to nominate an NMBC 2015 Hero is Friday, July 17; the Hero Nomination Form is HERE.

Don’t miss your chance to a win a 7 day vacation or a custom built rifle! Purchase tickets: only $20 each or 10 for $100 HERE. The first prize winner will receive a custom built Blackbriar .556 rifle; second prize winner will receive a 7 day trip to any U.S. Wyndam or RCI resort! The drawing will take place at the Heroes Luncheon on 8-27-15. Need not be present to win.

Contact the NMBC with any questions or comments at nmbiz@nmbizcoalition.org or (505) 836-4223