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Posts in ‘Politics’

Posts in ‘Politics’

  • The MyRA

    On January 31, 2014 posted in Politics, Specialty Tax Services Blog, Tax News

    In his State of the Union address last Tuesday, President Obama introduced a new retirement savings plan called a “MyRA”.  Unlike a 401(k), however, MyRA will offer “principal protection” so a saver’s account balance “will never go down,” the White House said. “The product will be offered via a familiar Roth IRA account, and savers […]

  • Government Shutdown Delays IRS

    On October 23, 2013 posted in IRS Information, IRS Representation Blog, Politics

    For you early filers, the IRS announced today it will push back the date it will accept paper and electronic returns from January 21, 2014 to January 28, 2014 at the earliest.  It will not affect the March 15, 2014 corporate or the April 15,, 2014 personal filing deadlines.  This delay is being blamed on […]

  • Obamacare

    On October 4, 2013 posted in Politics, Specialty Tax Services Blog

    Since the Health Insurance Marketplace is now open, more information on the Affordable Care Act information is coming to light. While the government has claimed openness and transparency, new information coming from the firsthand experiences of those using the Market place is inconsistent with claims made by our government. Infowars.com (http://www.infowars.com/obamacare-fines-…-accounts/) told of a post […]

  • The Fiscal Cliff

    On October 1, 2013 posted in IRS Representation Blog, Politics

    The Fiscal Cliff “Taxmageddon”   Bush Tax Cuts – Expiration of the two-year extension of the Bush tax cuts provided for in the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010. Allowing the tax cuts to expire will cause over 70 other tax benefits to expire.  Highlights include: ·         Individual tax (ordinary […]

  • Obamacare Tax

    On September 24, 2013 posted in Politics, Tax News

    Patient Protection and Affordable Care Act & Health Care and Education Reconciliation Act of 2010 a.k.a.  “Obamacare Tax Increases”   §  Excise Tax on Charitable Hospitals In Effect – Charitable hospitals are required to pay $50,000 if they fail to meet new rules related to “community health assessment needs”, “financial assistance” and “billing and collection” […]