The Center for Agricultural Law and Taxation from Iowa State University has published a nice article outlining the impact of the Affordable Care Act /ACA/ on S Corporation shareholders with more than 2% ownership.

It should be noted that certain healthcare arrangements can subject your company to potential fines of up to $100 per day per employee per violation.  That could amount to $36,500 per year per employee per violation!

There is still a lot of confusion and lingering concerns about ACA impact. Careful review of your situation with your tax advisor should ensure conservative compliance until more guidance is available.

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