Wednesday, August 20, 2014

House Passes Small Business Tax Cut, Defeats Attempt to Modify Health Law

June 16, 2010 in Daily Tax Report · Leave a Comment 

The House voted 247-170 on a largely partisan basis June 15 to pass a small business tax relief bill (H.R. 5486), whose offsets also will be used to pay for…

Senate Finance Committee Amends House-Brokered Tax Extenders Bill to Soften Carried Interest Tax Increase

June 9, 2010 in Daily Tax Report · Leave a Comment 

The Senate began debate on an updated version of a tax extenders bill (H.R. 4213) June 8 that would scale back the tax increase on investment managers’ carried interest…

IRS Provides Guidance on Determining Eligibility for Small Firm Health Care Credit

May 18, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service May 17 provided comprehensive guidance (Notice 2010-44) on a small-employer tax credit included in recently enacted health care reform legislation…

IRS Counsel Says Information Reporting Regimes Will Alter Tax Administration

May 10, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service’s “enhanced information reporting” initiatives coupled with the onset of tax return preparer regulations will transform aspects of tax administration…

Final Details Being Hashed out on Tax Extenders Bill, House Lawmakers Say

May 7, 2010 in Daily Tax Report · Leave a Comment 

House Ways and Means Committee Chairman Sander Levin (D-Mich.) shortened the time frame for consideration of a final tax extenders measure (H.R. 4213), telling reporters May 6 that it will be on the floor within…

IRS Outlines Favorable Tax Treatment of Health Coverage for Children Under Age 27 Under Recent Changes

April 28, 2010 in Daily Tax Report · Leave a Comment 

The Internal Revenue Service April 27 issued Notice 2010-38 on the tax treatment of health care coverage for an employee’s adult children as provided in recent law changes, announcing…

Obama’s Fiscal Commission to Meet for First Time Today amid Grounded Expectations, Tough Choices

April 27, 2010 in Daily Tax Report · Leave a Comment 

President Obama’s 18-member fiscal commission, which meets for the first time April 27, faces a difficult challenge to meet its twin goals of medium- and long-term deficit reduction, according to balanced-budget advocates…

Senate Budget Committee Approves Resolution Seeking Hike in Top Tax Rates

April 23, 2010 in Daily Tax Report · Leave a Comment 

The Senate Budget Committee approved its fiscal year 2011 budget resolution April 22, voting 12-10 to send the full Senate a package that would allow top individual income tax rates to rise in 2011 while allowing for…

Economic Substance Changes Would Have Biggest Impact on Firms in Three Circuits

April 22, 2010 in Daily Tax Report · Leave a Comment 

Taxpayers operating in the regions covered by the Courts of Appeal of the Second, Fourth, and Eighth Circuits will be most affected by the health care law’s changes to the way the economic substance doctrine is applied to…

BNA INSIGHTS: Provisions of Interest to Employers in New Health Care Reform Law

April 19, 2010 in Daily Tax Report · Leave a Comment 

President Obama signed the Patient Protection and Affordable Care Act (Pub. L. No. 111-148) into law March 23 and signed the Health Care and Education Reconciliation Act of 2010…

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