A Different Angle on Health Insurance Tax Preferences
As the standoff in Congress over the future of Affordable Care Act tax credits continues, here’s a look at a …
Agencies Withdraw Proposed Regulations That Would Have Created “Individual Contraceptive Arrangement” and Rescinded Contraceptive Coverage Mandate’s Moral Exemption
The IRS, DOL, and HHS have withdrawn proposed regulations that would have provided an additional method for individuals to obtain …
Lawmakers Push for Enhanced Paid Family and Medical Leave Credit
A recently introduced bipartisan House bill (HR 8860) would extend and enhance a tax credit under Code Sec. 45S available to employers …
Retirement Expert: SECURE 2.0’s Impact on RMD Penalty Tax Collection Is TBD
The SECURE 2.0 Act, included in the year-end omnibus bill approved by Congress (Consolidated Appropriations Act, 2023), features 100 retirement provisions that …
Inflation Bill Would Cut Deficits By $102 Bln, CBO Estimates
The Inflation Reduction Act of 2022 (H.R. 5376) would cut federal spending by $14.5 billion and raise $87 billion in revenue, reducing …
Schumer Hopes to Hold Weekend Vote on Inflation Reduction Act
The Senate is on track for a weekend vote on the Inflation Reduction Act (H.R. 5376), the massive tax, health care, …
FAQs for Aliens Claiming Medical Condition Exceptions or Travel Exceptions to Substantial Presence Test
IRS has issued FAQs for nonresident aliens who wish to avail themselves of the Medical Condition Exception or the Medical …
New guidance for employers that over-collect additional Medicare tax
The Spring issue of the Social Security Administration/Internal Revenue Service (SSA/IRS) Reporter gives pointers to employers that over-collect the 0.9% …
Healthcare Company Debt Presentation Rules in for Change Under New Revenue Rules
As the clock ticks toward public companies’ 2018 compliance date with the FASB’s sweeping new revenue rules, the board is …
IRS won’t reject returns that are silent regarding compliance with ACA individual mandate
On its website and in a statement, IRS has announced that it will not reject returns for tax year 2016 …