Geoff Dornan

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November 13, 2013
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Board OKs Medicare IRS settlement

The Board of Examiners approved the settlement with Internal Revenue Service over its failure to make Medicare payments for judges and members of boards and commissions. Deputy Director of Administration Stephanie Day told the board Tuesday that the settlement will cost nearly $1.7 million, but the cost could have been much higher had the IRS not agreed to waive all penalties and interest. The standard penalty is 20 percent, and the interest would have been the federal rate plus 3 percent. Day told the panel headed by Gov. Brian Sandoval that the IRS agreed to waive penalties because the state …

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The Nevada Appeal Updated Nov 14, 2013 02:58PM Published Nov 13, 2013 01:27AM Copyright 2013 The Nevada Appeal. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.