Internal Revenue Bulletin:  2012-52 

December 27, 2012 

EMPLOYMENT TAX


Table of Contents

REG-130074-11 REG-130074-11

Proposed regulations under section 3101 of the Code provide guidance on the Additional Hospital Insurance Tax on wages, compensation, and self-employment income above threshold amounts (“Additional Medicare Tax”), as added by the Affordable Care Act. Specifically, these proposed regulations provide guidance for employers and individuals relating to the implementation of Additional Medicare Tax, relating to the requirement to file a return reporting Additional Medicare Tax, the employer process for making adjustments of underpayments and overpayments of Additional Medicare Tax, and the employer and employee processes for filing a claim for refund for an overpayment of Additional Medicare Tax. A public hearing is scheduled for April 4, 2013.


More Internal Revenue Bulletins