Posts tagged as:

Patient Protection and Affordable Care Act

Deduct This: The History of the Medical Expenses Deduction

20 June 2011

When you ask most taxpayers about available tax deductions, the deduction for medical expenses immediately springs to mind. It’s probably one of the most talked about deductions (in fact, a fairly significant portion of the questions submitted to the blog by taxpayers focus on the medical expenses) but the reality is that very few taxpayers [...]

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IRS Asks for Input on Health Care Law

10 May 2011

For as long as I’ve been banging away on the keyboard about tax and tax policy, I don’t believe I’ve seen anything more polarizing than the “new” health care act which was signed into law last year. From the so-called Cadillac plans to the increased 1099 reporting requirements, no single piece of legislation has generated [...]

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Controversial 1099 Reporting Requirements Repealed

15 April 2011

Oh, new 1099 reporting requirements, we hardly knew ye… Remember those new 1099 reporting requirements that caused such a sensation when they were quietly sneaked slipped burrowed inserted into last year’s health care law? Under the terms of the Patient Protection and Affordable Care Act, businesses would have been required to issue a form 1099 [...]

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1099 Repeal Still All Talk, Not Law

8 March 2011

Congress had no problem sneaking in the now infamous 1099 expanding reporting requirements. But boy, they are having a devil of a time getting rid of it. The new rules, which expanded the reporting requirements significantly, were originally included in the health care bill passed over a year ago. The text, at Section 9006, was [...]

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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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House Looks to Vote on 1099 Measure

19 February 2011

We apparently haven’t seen the last of the efforts to repeal Section 9006 of the Patient Protection and Affordable Care Act. If the name doesn’t ring a bell, it’s better known as the provision in the health care law which expands existing reporting requirements for businesses to issue forms 1099 to individuals and corporations providing [...]

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Health Care Repeal Fails But Key Tax Issue Sails Through

3 February 2011

You know how when you go to the gym at the beginning of the year, you can’t get a spot on treadmill because all of the new folks determined to make a change? All filled with vim and vigor and the best of intentions? (They’re also the ones wearing Uggs on the treadmill and talking [...]

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Congress Tackles Health Care Law Repeal, 1099s

21 January 2011

This week, Republicans in the House voted to repeal the new health care law, setting up a showdown in the Senate and practically guaranteeing a veto from President Obama. Ahhh… This is what the new political landscape is going to look like, I guess. The measure to repeal the health care law was deemed so [...]

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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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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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