The Tax Professionals Blog
Covered California Extends Enrollment For Taxpayers Who Were Penalized in 2014.
Posted by Lee Reams Sr. on
Where a taxpayer was penalized for not having qualified in 2014, and attests to the fact they were unaware of the penalty, they may enroll through April of 2015 even though open enrollment closed on February 28th. This is in addition to special enrollments throughout the year for taxpayers with life event changes.
IRS Issues COD Audit Technique Guide
Posted by Lee Reams Sr. on
The IRS Issued an audit technique guide, Real Estate Foreclosures and Cancellation of Debt. The guide is available at:http://www.irs.gov/Businesses/Small-Businesses-&-Self-Employed/Real-Estate-Property-Foreclosure-and-Cancellation-of-Debt-ATG
Do You Want To Be Heard About Tax Simplification? Now Is Your Chance!
Posted by Lee Reams II on
Orin Hatch, R-Utah and Ron Wyden, D-Oregon, both leaders of the Senate Finance Committee are soliciting ideas from stakeholders on how to best overhaul the tax code to make it simpler, fairer, and more efficient.
Republican Bill Would Replace Obamacare With the Care Act
Posted by Rick Kolstad on
The Republican bill would eliminate among other tax provisions:
More Relief - Health Reimbursement Plans
Posted by Rick Kolstad on
The IRS, in Notice 2015-17, provided limited relief from the draconian $100 per day per participant penalties under IRC §4980D for health insurance reimbursement plans that had been addressed in Notice 2013-54.