Guest Post: Health Care Act And The Road To Good Intentions
For our guest post today, Scott Lovingood examines the Health Care Act.
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White House Suspends Tax, Other Reporting Requirements For Obamacare
Delays, delays, and more delays. That seems to be the trend this year as concerns mount about how to implement components of the Affordable Care Act (ACA), commonly called Obamacare or the Health Care Act. The White House has reacted to what’s being touted as a series of “operational challenges” by extending deadlines for coverage…
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Taxpayers File Suit Over IRS Rule On Health Care Act Tax Credits
Just one day after the Internal Revenue Service additional Proposed Regulations to clarify governance issues related to the Health Care Act, a group of taxpayers filed a lawsuit in federal court, hoping to put the brakes on the IRS’ right to enforce the Act. The case, Halbig et al v. Sebelius et al, (downloads as…
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Boehner, Obama Talks Heat Up But Still No Deal On Taxes, Spending
With 19 days left on the calendar until the end of the year, Congress is pretending like they want to make a deal on the budget. But if you think that means we’ll see significant reform between now and then, don’t hold your breath. Yesterday, House Speaker John Boehner (R-OH) and President Barack Obama held…
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Tax Increases Loom In 2013
Over lunch, the day after the election, my husband brought up the “f” word. You know, the one I’ve thus far been refusing to say (hint: it rhymes with “biscal piff”). He had been reading the news and was wondering how badly this would affect us. I could barely choke down my broccoli as he…
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Guest Post: Healthcare Act: Harm Or Benefit?
Submitted by KRISTEN YUNKER I can appreciate all the good intentions behind the Affordable Healthcare Act. I’ve spent my life working in low-wage service jobs, without benefits; I’ve only been to hospitals for stitches and tetanus shots – which would’ve been devastating expenses for me had they not been Workers’ Comp claims. Even moving into…
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Guest Post: The Patient Protection & Affordable Care Act
Submitted by ORAYNAB MOHAMAD Although our elected leaders have agreed for years that health care reform is inevitable, they are either unwilling or unable to agree on a comprehensive bill. This gridlock has persisted after the passage of the Patient Protection and Affordable Care Act (PPACA) in 2010. Though the Supreme Court has ruled…
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SCOTUS Rules On Health Care Act, Relies Heavily On Tax For Decision
So today was the day: SCOTUS has ruled on the Affordable Health Care Act (also called “the health care law” and “Obamacare”). The Supreme Court has backed the entire law on a 5-4 with Chief Justice Roberts as the swing vote. Predictably (well, for tax geeks like me), the decision hinged on a number of…
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As SCOTUS Rules, IRS Struggles With Tax & Immigration-Related Measures
With the ink barely dry on the Supreme Court ruling striking down most of Arizona’s controversial immigration measures (click here to read the opinion on Scribd), tax professionals were collectively wagging their tongues over another immigration-related measure: the IRS crackdown on Individual Taxpayer Identification Numbers (ITINs). Over the weekend, the IRS announced important changes to…
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Cheney’s New Heart Stirs Health Care Debate: Who Lives & Who Dies?
Over the weekend, Vice President Dick Cheney received a new heart at Inova Fairfax Hospital in Falls Church, Va. The news raised eyebrows and questions about whether he was too old for the procedure. At age 71, Cheney was older than the average heart transplant patient; while there is no firm age limit for a…