http://63.146.114.155/News/Tax_News/Index.xml List of news articles pertaining to BNA en-us Wed, 01 May 2013 00:00:00 PST http://63.146.114.155/images/BNAlogo.gif http://63.146.114.155/News/Tax_News/Index.xml http://63.146.114.155/News/Tax_News/Articles/Employer_Penalties_Under_Health_Care_Reforms_Pay_or_Play_Outlined.asp Employers can design health plans to avoid paying penalties under the health care reform law, an employee benefits attorney told a webinar Oct. 18. bna-software-13501 Mon, 22 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Higher_Contribution_Limits_Announced_for_Tax-Deferred_Retirement_Plans.asp The Internal Revenue Service Oct. 18 announced cost-of-living adjustments affecting dollar limits on tax-deferred contributions to retirement plans and eligibility for retirement-related benefits for the 2013 tax year. bna-software-13500 Fri, 19 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Lawmakers_Seeking_Down_Payment_for_Future_Tax_Reforms.asp A deal to extend the 2001 and 2003 tax cuts and prevent steep spending cuts in 2013 may require some sort of "down payment" from lawmakers to show they are serious about cutting the deficit, a Senate Finance Committee aide said Oct. 17. bna-software-13499 Thu, 18 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Taxes_Will_Rise_Regardless_of_Congressional_Action.asp Regardless of whether Congress acts during the lame duck session to extend the 2001 and 2003 tax cuts, taxes will rise at the start of the year and the only question is by how much, tax policy analysts said Oct. 16. bna-software-13495 Wed, 17 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Thousands_of_Exempt_Parent_Groups_Probed_for_Oversight_of_Subordinates.asp The Internal Revenue Service Oct. 15 began questioning more than 2,000 randomly selected tax-exempt organizations that have one thing in common: they are all parent organizations with a subordinate group or chapter. bna-software-13494 Tue, 16 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/JCT_Questions_Plans_to_Pay_for_Rate_Reduction_by_Ending_Breaks.asp For the past couple of years, lawmakers have been scouring the Internal Revenue Code seeking tax breaks they could eliminate to help pay for a reduction in individual tax rates. bna-software-13491 Mon, 15 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Employers_Can_Expect_ACA_Tax_Penalty_Rules_After_Election.asp The Treasury Department and Internal Revenue Service will publish a regulation later this fall to implement excise tax penalties that could be assessed on certain employers under the Affordable Care Act, a White House adviser said at a conference Oct. 11. bna-software-13490 Fri, 12 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Gang_of_Eight_Meetings_May_Give_Lame-Duck_Negotiations_a_Head_Start.asp With less than two months available for lawmakers to work on a plan to avoid $500 billion in tax increases and $110 billion in spending cuts, analysts see at least a small reason for hope as a bipartisan group of eight senators has voluntarily returned to Washington to discuss a way forward. bna-software-13489 Thu, 11 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Top_Individual_Tax_Rates_Should_Not_Be_Cut_in_Tax_Reform.asp Lawmakers should curtail tax expenditures, roll back the top individual tax rates to their mid-1990s level, and reduce the tax preference for investment income as part of fundamental tax reform, Sen. Charles Schumer (D-N.Y.) said Oct. 9. bna-software-13488 Wed, 10 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Unregistered_Tax_Preparers_in_No_Hurry_to_Take_IRS_Competency_Test.asp The Internal Revenue Service in the last week sent more then 300,000 letters to return preparers who have yet to take a required competency test so they can stay in business past 2013. bna-software-13487 Tue, 09 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Romneys_Idea_to_Cap_Deductions_Seen_as_Conceptual_Not_Actual_Plan.asp Republican presidential candidate Mitt Romney suggested in his Oct. 3 debate with President Obama that his idea for offsetting his tax cuts with caps on deductions is more of a conceptual approach than an actual plan. bna-software-13481 Fri, 05 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Romney_Proposal_to_Cap_Deductions_Will_Not_Affect_Health_Benefits.asp A proposal floated by Republican presidential candidate Mitt Romney to cap itemized deductions at $17,000 is not intended to apply to the income exclusion allowed for employer-provided health care benefits, the Romney campaign said Oct. 3. bna-software-13478 Thu, 04 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Religious_Leaders_to_Preach_in_Defiance_of_IRS_Political_Rules_This_Sunday.asp More than 1,300 religious leaders across the United States are preparing to make sermons Oct. 7 that endorse or oppose political candidates, or address campaign issues, through an event that deliberately puts them in violation of Internal Revenue Service rules for tax exemption. bna-software-13477 Wed, 03 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Business_Groups_Favor_Health_Guidance.asp The ERISA Industry Committee, in a Sept. 28 public comment letter, strongly endorsed regulatory safe harbors aimed at helping employers reduce the administrative burden of compliance with the health care reform law and avoid expensive excise tax penalties for noncompliance. bna-software-13476 Tue, 02 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Several_Cert_Petitions_Pending_as_Supreme_Court_Opens_Term.asp The Supreme Court term is off to a slow start for tax practitioners, as there are no tax cases on the docket for the new term that begins Oct. 1. bna-software-13472 Mon, 01 Oct 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Lawmakers_Urge_Continuation_of_Federal_Deduction_for_State_Sales_Taxes.asp Sixty-five members of Congress, including two senior members of the House Ways and Means Committee, urged committee Chairman Dave Camp (R-Mich.) in a Sept. 25 letter to ensure that the state sales tax deduction is renewed. bna-software-13471 Fri, 28 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Rules_Aim_to_Ease_Use_of_New_Markets_Tax_Credit_in_Investing.asp The Internal Revenue Service issued final regulations (T.D. 9600) Sept. 26 that provide for the ability for investors claiming the New Markets Tax Credit to reinvest returns in certified community development financial institutions as a way to make it easier for them to promote investments in non-real estate businesses. bna-software-13470 Thu, 27 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/E-Commerce_Sales_Tax_Bill_May_Emerge_in_Fiscal_Cliff_Talks_After_Election.asp After languishing in Congress for years, legislation enabling states to collect sales taxes on purchases made online may advance in the lame-duck session of Congress, some lobbyists and policy analysts believe. bna-software-13469 Wed, 26 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/IRS_Confronts_Challenges_as_Commissioner_Shulman_Steps_Down.asp The Internal Revenue Service faces a host of challenges in the coming months as Commissioner Douglas Shulman departs his post in November, including major legislative uncertainties, a difficult budget situation, and what is likely to be a tough filing season in 2013, practitioners told BNA in Sept. 24 interviews. bna-software-13451 Tue, 25 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Guidance_Provides_Flexibility_for_Defining_Full-Time_Employee_Under_ACA.asp Recent guidance instructing employers on how to determine which workers are full-time employees who must be offered coverage under the 2010 health care system overhaul was designed to give employers flexibility in their plan design, an Internal Revenue Service official said Sept. 20 at a conference sponsored by the American Law Institute Continuing Legal Education. bna-software-13449 Mon, 24 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Democratic_Leaders_Back_Long-Term_Tax.asp Senate and House Democratic leaders said Sept. 20 they would prefer that a long-term, comprehensive budget deal gets hammered out after the November election, potentially putting a damper on bipartisan efforts in the Senate to set up a stopgap measure that could push back the so-called "fiscal cliff" well into 2013. bna-software-13448 Fri, 21 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Congress_Unlikely_to_Address_Tax_Extenders_Package_Before_Recess.asp Both the House and Senate are unlikely to act on a tax extenders package before leaving for a nearly two-month recess, the chairmen of the tax-writing committees said Sept. 19. bna-software-13447 Thu, 20 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Taxes_May_Not_Have_to_Rise_Immediately_if_Congress_Fails_to_Extend_Cuts.asp The Treasury Department may be able to temporarily deflect the blow of higher taxes on individuals if Congress ends the year without taking action to extend any part of the 2001 and 2003 tax cuts, officials and analysts told BNA. bna-software-13434 Wed, 19 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Final_Rules_on_Tangible_Property_Possible_Early_Next_Year.asp High-profile rules on accounting for tangible property could be finalized early next year and likely will contain some changes, officials said Sept. 14. bna-software-13433 Tue, 18 Sep 2012 00:00:00 PST http://63.146.114.155/News/Tax_News/Articles/Camp_Rejects_Payroll_Tax_Cut_Extension.asp The 2 percentage point cut in the payroll tax will not be extended again for 2013, House Ways and Means Committee Chairman Dave Camp (R-Mich.) told BNA Sept. 14. bna-software-13417 Mon, 17 Sep 2012 00:00:00 PST