Tax Law Blog | IRS Tax Attorneys
TAX LAW NEWS - TAX LITIGATION
From the category archives:
Businesses with fewer than 25 employees may qualify for a tax credit on their 2010 federal income taxes under the new federal health care law.
The Small Business Health Care Tax Credit is part of the law’s effort to maintain employer-based health coverage by reducing costs so small businesses will provide health insurance for workers.
The tax [...]
{ 0 comments }
Senate Democrats said Friday that they’re prepared to repeal a new tax reporting requirement in the health care reform law that has riled up small businesses over concern that the law is too burdensome.
The so-called 1099 provision would require businesses to file paperwork for all cumulative purchases from a vendor that top $600 in a [...]
{ 0 comments }
The Internal Revenue Service issued new guidance to make it easier for small businesses to determine whether they are eligible for the new health care tax credit under the Affordable Care Act and how large a credit they will receive. The guidance makes clear that small businesses receiving state health care tax credits may still [...]
{ 0 comments }
An all-but-overlooked provision of the health reform law is threatening to swamp U.S. businesses with a flood of new tax paperwork.
Section 9006 of the health care bill — just a few lines buried in the 2,409-page document — mandates that beginning in 2012 all companies will have to issue 1099 tax forms not just to [...]
{ 0 comments }
WASHINGTON — The government is reaching out to more than 4 million small businesses and tax-exempt groups to make sure they know about a new tax credit offered as part of the nation’s health care law.
The Internal Revenue Service on Monday began mailing postcards to get the word out.
The tax credit takes effect this year, [...]
{ 0 comments }
In addition to making fundamental changes in the way health care is delivered, the Patient Protection and Affordable Care Act (P.L. 111-148) and the Health Care and Education Reconciliation Act of 2010 (P.L. 111-152) have made far-reaching changes in the Internal Revenue Code (Code). At present, it remains to be seen whether the Internal Revenue [...]
{ 0 comments }
Struggling to find ways to pay for the president’s signature health care overhaul, the administration on Monday proposed to raise nearly $60 billion more over 10 years mostly from tightening rules for inheritance taxes affecting the wealthiest estates.
The Treasury Department’s proposals, and several others affecting taxation of life insurance and some other financial products, are [...]
{ 0 comments }
