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IRS Statement: Letters Will Share Information About Obtaining …

WEBStarting Oct. 4, the IRS will start sharing information about obtaining Marketplace healthcare coverage on behalf of the Center for Medicare & Medicaid Service (CMS), the IRS …

Actived: 1 days ago

URL: https://news.bloombergtax.com/daily-tax-report/irs-statement-letters-will-share-information-about-obtaining-health-coverage-through-marketplace-irc-36b

2023 Contribution Limits to Rise for Health Savings Accounts

WEBThe 2023 annual tax-free contribution limits for health savings accounts are to rise by $200 for self-only coverage and $450 for family coverage, the Internal …

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Expanding the Federal Child Tax Credit Comes With Pros and Cons

WEBEconomists have found that the expanded credit, in part by alleviating child poverty, will bring back an estimated $8 for every $1 we spend, according to the …

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IRS Clarifies Rule on Health-Care Expenses, Retention Credit

WEBThe treatment of health-care expenses as qualified wages by employers for purposes of the employee retention credit was clarified May 8 by the Internal Revenue …

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Nonprofit Hospitals Need Novel Policy Solutions for Tax Reform

WEBNonprofit hospitals constitute approximately 58% of all community hospitals and enjoy extensive tax breaks that often form a substantial part of their net income. Yet …

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How US Employers Provide Health Plans to Puerto Rico Employees

WEBProbably because of their prior experiences and challenges with the operation of retirement plans in Puerto Rico, plus the lack of written guidance on the subject, …

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California Health Plan Tax Boosts Federal Funds to $20.9 Billion

WEBCalifornia would increase a tax on managed health-care providers to boost federal matching funds by $1.5 billion over four years under a bill the state Senate …

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Montana Governor Signs Law Extending, Expanding State Medical …

WEBThe Montana Governor May 19 signed a law extending and expanding the Montana Medical Savings Account (MSA) individual income tax exemption. The law …

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Missouri DOR Releases Form 5695, Qualified Health Insurance …

WEBThe Missouri Department of Revenue Dec. 24 released Form 5695, Qualified Health Insurance Premiums Worksheet, for individual income tax purposes. …

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Missouri Governor Signs Law Expanding Individual Income Tax …

WEBThe Missouri Governor July 7 signed a law expanding tax deductions from long-term health insurance premiums for individual income tax purposes. The law …

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New York Taxman Should Hope Trump’s Criminal Trial Runs Long

WEBThe Manhattan District Attorney’s office unknowingly entered the world of state taxation by indicting Donald Trump, who could become a New York statutory …

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California FTB Issues Instructions for Form FTB 3853, Health …

WEBThe California Franchise Tax Board April 1 issued the 2020 instructions for Form FTB 3853, Health Coverage Exemptions and Individual Shared Responsibility …

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China to Expand Tax Favors to More Health Insurance Products

WEBChina will expand the scope of commercial health insurance products applicable to individual income tax preferential policies to insurance products for …

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IRS Authorized to Recover Foreign Reporting Penalty Without Suit

WEBThe IRS can assess penalties on taxpayers who willfully fail to file certain disclosures of their interest in foreign corporations without filing a civil suit, the D.C. …

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IRS Whistleblower Program Must Drop Fees, Add Interest to Thrive

WEBA close look at the IRS Whistleblower Office’s recent annual reports to Congress shows a desperate need for reform. In fiscal 2022, the program collected $172 …

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Biden’s Proposed Tax Increases: Qualified Small Business Stock

WEBThe Biden administration recently clarified its proposed tax increases under the American Jobs Plan and the American Families Plan. The Treasury Department’s General …

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Biden Gives Carmakers a Break on Tough-to-Trace EV Materials

WEBThe Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit rules intended to loosen China’s grip on battery materials …

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Medical Company Heritage Said to Weigh $9 Billion-Plus Sale

WEBHealth-care provider is working with an adviser to assist it. Heritage has $600 million to $700 million of annual Ebitda. Heritage Provider Network Inc. is exploring …

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SEC Bars Trump Media’s Auditor From Serving as Accountant

WEBThe Securities and Exchange Commission accused the auditor of Donald Trump’s social-media company of a “massive fraud” affecting more than 1,500 filings.

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SEC Charges Audit Firm BF Borgers, Owner With Fraud

WEBThe SEC said it charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic failures to comply with PCAOB …

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EY Says NMC Administrators Being Misleading in Collapse Spat (1)

WEBNMC Health was put into administration in 2020 following allegations of fraud at the health care provider. “Full and proper” disclosure is essential to defend …

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GOP Presses Yellen on OECD, 2025 Wealthy Tax Hikes, Deficit

WEBLawmakers looking toward the 2025 tax fight pressed Treasury Secretary Janet Yellen on how the Biden administration would preserve tax benefits for earners …

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