Revise the Following Sentence to Demonstrate Direct, Concise Language

question 94

Short Answer

Revise the following sentence to demonstrate direct, concise language:
This is to inform you that due to the fact that health care costs are rising, there is a new employee wellness program that will be offered starting on May 1.

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Definitions:

Involuntary Conversion

A forced exchange or loss of property through theft, destruction, or condemnation, with potential tax implications.

Depreciation Recapture

A tax provision that allows the IRS to collect taxes on any profitable sale of an asset that had previously benefited from tax deductions through depreciation.

Installment Method

The installment method is a tax provision that allows taxpayers to spread income recognition over the period they receive payments from the sale of certain property.

Gain Recognized

The profit realized from the sale of assets over its adjusted basis, which must be reported for tax purposes.