In this case the taxpayer, a doctorsâ office, displayed various pieces of art in its offices, claimed depreciation on said artwork, which the IRS disallowed. At trial the IRS argued that the works of art did not have a useful life, based on Revenue Ruling 68-232.
A reduction in HAPU incidence by just 1 percentage point (3.5% to 2.5%) results in potential savings of $1,305,000 per year. Calculate your own potential savings below.
1. HSA-Compatible Health Plans Cost Less. As an employer, you already know about ever-increasing healthcare premiums. According to the Employee Benefits Research Institute, the cost of providing health benefits doubled between 2000 and 2007, while workersâ wages and overall inflation increased only 25 and 21 percent, respectively. In this environment of spiraling costs, High Deductible Health Plans (HDHPs) offer employers a reprieve.