Providers who owe federal taxes will see an increase in withholdings

By: Michael MacLaren |
Published: October 23, 2015
Author at Assurance Health Care Financial Services

Providers who owe federal taxes will see an increase in the amounts the Centers for Medicare & Medicaid Services (CMS) withholds in Medicare payments from 30 percent to 100 percent starting October 16, 2015.

In April 2015, the Internal Revenue Code Section 6331(h) was amended by the Medicare Access and CHIP Reauthorization Act of 2015, Section 413(a), which increases the tax levy withholding to 100 percent.