Health Care Act Codifies “Economic Substance” Doctrine, Expands Medicare Taxes on High Income Earners, and Imposes Reporting Requirements on Certain Payments to Corporations


On March 30, 2010, President Obama signed into law the Health Care and Education Reconciliation Act of 2010 which supplements the Patient Protection and Affordable Care Act which was signed into law on March 23, 2010 (together, the “Act”). The Act codifies the common law “economic substance doctrine” for transactions entered into after March 30, 2010, expands the Medicare taxes on high income earners as from January 1, 2013, and imposes information reporting requirements on certain payments made to corporations after December 31, 2011.

Please see full alert below for more information.

LOADING PDF: If there are any problems, click here to download the file.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Morrison & Foerster LLP | Attorney Advertising

Written by:


Morrison & Foerster LLP on:

Readers' Choice 2017
Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:

Sign up to create your digest using LinkedIn*

*By using the service, you signify your acceptance of JD Supra's Privacy Policy.

Already signed up? Log in here

*With LinkedIn, you don't need to create a separate login to manage your free JD Supra account, and we can make suggestions based on your needs and interests. We will not post anything on LinkedIn in your name. Or, sign up using your email address.