Posts tagged as:

health-care

New W-2 Reporting Requirements for Health Care Confusing Taxpayers (Already)

10 November 2011

I had prepped myself for the idea that taxpayers were going to be confused by the new health care reporting requirements ever since last year when the rumormongering about taxing health care benefits in 2011 started. I wasn’t expecting taxpayers to be in a dither quite so far ahead of tax season. Judging from the [...]

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Will Danes Influence US Tax Policy? Fat Chance.

3 October 2011

There’s no way round it: Americans are getting fat. According to the CDC, there has been a “dramatic increase in obesity” over the past twenty years. Across the country, about a third of all adults are classified as obese, meaning that they have a Body Mass Index (BMI) of 30 or higher. To put that [...]

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Is Ryan’s Medicare Proposal the Right Kind of Change?

22 May 2011

It was one of those jaw dropping, rubbing your eyes, cleaning out your ears moments. Presidential hopeful Newt Gingrich, thought by many to be a frontrunner for the GOP nomination, went out on a limb and criticized his own party’s plans for Medicare reform. Speaking on Meet the Press, Gingrich said about the Republican plan: [...]

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IRS Expanding: Is The Health Care Law to Blame?

23 February 2011

I’ve received a couple of emails asking me to verify a rumor that the IRS is expanding in 2012 due to the new health care law. So, here’s the truth: the IRS is expanding in 2012 due to the new health care law. The details of the expansion can be found in the IRS budget [...]

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Word of the Day: Rumormongering

5 January 2011

Apparently, the rumor mills are at it again. I’ve received three emails already this morning to this effect: I’ve been told by several friends that my employer provided health care benefits will be subject to regular income tax treatment in 2011. I pay a monthly amount that partially pays for a high-deductible Blue Cross policy. [...]

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Does Congress Understand Who Works in Small Businesses?

20 September 2010

Last month, I went on vacation and I saw America. No, I didn’t do some month long cross country trip (though with three kids and a dog in the car, it felt a little longer than it actually was) – just a few hours up the road to Maine. Along the way, we opted not [...]

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Dems, GOP Suddenly Care About 1099 Reporting Requirement

14 September 2010

And by “suddenly” I mean months later, after they passed it as part of a bill that they clearly didn’t read… But now that folks are ramping up their complaints over the new tax reporting requirement that was included, logically (not), in the health care bill, both Dems and the GOP have decided that they [...]

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No Tax on Health Care Benefits for 2010 or 2011 or…

10 July 2010

How can you tell it’s an election year? By the sheer number of scare tactics and outright lies being shuffled about. An email is making the rounds – again – suggesting that health care benefits will appear on forms W-2 and will be taxed. I was alerted to this fact on yesterday via reader email [...]

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Ask the taxgirl: Health Care Benefits and Taxes

3 June 2010

Taxpayer asks: My brother works for a company who pays $12K a year for his health insurance He is 64, single, no children, no ex-wife My brother understands starting in 2011 the government will treat the $12K as income and he will be taxed on it Also because it is over $8,000 a year it [...]

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