The House Republican plan to repeal and replace the Affordable Care Act (aka Obamacare) that was released on March 6 omits something that the House Republican health reform blueprint of June 2016 said would be included. The missing item is a big one, that if modified, would make the tax law more equitable, reduce health care spending, raise revenue (that could be used to help those without insurance), and help a lot of people know what their health insurance costs.
On December 15th of 2015, House Speaker Paul Ryan, R-Wis., announced to the Republican lawmakers during a conference meeting that negotiators have reached an agreement in principle on a tax-extenders package worth approximately $800 billion. In addition, an agreement was also reached that would fund the federal government through September 30th of 2016. The bills are expected to arrive on the House floor as early as December 17th with the Senate consideration expected before Congress adjourns for recess.
As a synopsis, the proposed tax-extenders package called for making permanent a number of tax extenders equally split 50-50 between business entities and individuals. Under the proposal, the tax-extenders package would make permanent the Research and Development Tax Credit Program; I.R.C. § 179 Read More
During July 2015, TaxConnections will bring together 500,000 Taxpayers and Tax Experts in the first internet tax summit of this kind.
With the number of taxpayers calls taken by the IRS dropping to an estimated 38.5% this year, taxpayers need more answers than they are currently receiving. TaxConnections mission is bringing visibility to our tax professional members and connecting them to taxpayers who need their help!
Based upon polling, we are currently talking to speakers and sponsors on the following topics: Small Business, Internet Tax, FATCA, Tax Audits, Marijuana Tax, Healthcare Tax, Cadillac Tax and more…
If you would like to participate in this very exciting 500,000 Taxpayers and Tax Experts Internet event, please contact Kat@taxconnections.com today! Or, call 858-999-0053.