The Patient Protection and Affordable Care Act (PPACA)-the Obama administration’s health care reform law-was enacted in 2010 and many of its provisions have taken effect. But other important provisions will first take effect in 2014 and 2015. These provisions of the law will require affected parties to take action-or at...Read more
Category Archives: Fiscal Cliff
After a five-week break, Congress has returned to work with a full agenda. Proponents of comprehensive tax reform are hoping to build momentum for passage of a bill before year-end. However, before taking up tax reform, Congress has some immediate issues to address, including sequestration for fiscal year (FY) 2014,...Read more
While the Chicken Little’s of various Federal agencies, the media, and pundits have screamed about the disastrous effects of Sequestration, I believe their public face is quite different from what is going on behind the scenes. Here is one example of how a Federal agency is approaching the budget...Read more
Wormwood to Screwtape: Just ignore the 544 pages of IRS tax regulations recently issued. Surely there can’t be an accounting for what you didn’t know?
My Dear Uncle Screwtape, I am delighted to inform you of my successful efforts to have the IRS issue 544 pages of federal income tax regulations interpreting the Foreign Account Tax Compliance Act of 2009 (FATCA). Very keen on my part to suggest that there should be withholding of tax...Read more
The ‘fiscal cliff’ topic is one that we’re all hearing so much about right now, but the upcoming tax changes could potentially affect you in a massive way – your taxable income, capital gains, and overall tax liability. One of the tax resources we have available is the CCH 2013...Read more