GOP plan less generous than Obamacare for older Americans

" Republicans hate "Obamacare," so House GOP leaders freak out whenever their health care bill is compared to President Barack Obama's law. But one reason some conservatives are branding the bill "Obamacare Lite" comes down to the tax credits to help consumers buy insurance.

American Health Care Act: Considerations for Employers

On Monday March 6, 2017, the House Republican leadership in the Energy and Commerce and Ways and Means Committees unveiled their signature bill to "repeal and replace" the Affordable Care Act . The "American Health Care Act" is an effort to make good on President Trump's promise to dismantle the ACA.

Sessions might allow review of Justice Department under Obama

Attorney General Jeff Sessions suggested Thursday that he would be open to the appointment of an outside counsel to review actions taken by the Justice Department during the Obama administration. Conservative radio host Hugh Hewitt asked Sessions in an interview if the new attorney general would consider designating an outside counsel "not connected to politics" to take a second look at Justice Department actions that provoked Republican ire in the last eight years.

W-2 Scam Back with a Vengeance

March 4, 2017-Tyler, TX - The IRS has issued an urgent warning about an old scam which has come back with a new twist. The W-2 phishing scam started out targeting large corporations, but has now evolved beyond the corporate world and is targeting school districts, tribal organizations and nonprofits.

FILE- In this Feb. 7, 2017, file photo, Sen. Susan Collins, R-Maine,…

U.S. Sen. Susan Collins said on Wednesday she's open to using a subpoena to investigate President Donald Trump's tax returns for potential connections to Russia. Collins, a Republican who has served as a U.S. senator from Maine since 1997, sits on the Senate Intelligence Committee, which is investigating Russian interference in the 2016 election.

Law Could Force Trump’s Tax Returns to Be Made Public

In theory , that is. As long as the GOP remains in control of the House, it will remain a theory: A New Jersey congressman says a rarely invoked 1924 law could be used to examine President Donald Trump's tax returns for possible conflicts of interest and Constitutional violations.

Amazon to collect taxes on state sales

Seattle-based Amazon on March 1 will begin collecting taxes on its sales to Arkansans and paying those taxes to the state government, Amazon spokesman Jill Kerr said Friday. Amazon's announcement came four days after the Arkansas Senate voted 23-9 to approve legislation aimed at persuading Amazon and some other companies that have no physical presence in Arkansas to collect taxes on their sales and remit the receipts to the state.

IRS Warns Schools of Targeted W-2 Phishing Scams

WASHINGTON The Internal Revenue Service, state tax agencies and the tax industry issued an urgent alert today to all employers that the Form W-2 email phishing scam has evolved beyond the corporate world and is spreading to other sectors, including school districts, tribal organizations and nonprofits. In a related development, the W-2 scammers are coupling their efforts to steal employee W-2 information with an older scheme on wire transfers that is victimizing some organizations twice.
Posted in Tax

Arkansas bill aimed at forcing Amazon to collect sales taxes

Forcing Amazon and other e-commerce companies to collect Arkansas sales taxes could generate up to $100 million annually in extra revenue, a senator said Wednesday, arguing his plan would put the state in a better position to enact deeper tax cuts in two years. The Senate Revenue and Taxation Committee on Wednesday advanced a proposal that would require out-of-state companies with no physical presence in the state to collect the tax if they sell more than $100,000 worth of products or make at least 200 transactions.

Congressman Pascrell Wants Ways and Means to Formally Request Trump’s Tax Returns

U.S. Rep. Bill Pascrell, Jr. , a member of the Ways and Means Committee, is calling on Ways and Means Chairman Kevin Brady to submit a formal request to the Secretary of the Treasury for President Donald J. Trump's tax returns for each of the past ten years. "The Presidential campaign is over and the fear that a political opponent will try to use tax returns for electoral benefit is passed," wrote Pascrell.

Congress Is Opening the Door to ‘Alternative Facts’ in Budget Policy

Shortly after President Donald Trump's inauguration, Counselor to the President Kellyanne Conway claimed that false statements coming from the White House were actually "alternative facts." The new administration's disregard for the truth is concerning on many levels, but it is particularly problematic for sound budget policy, which requires an honest evaluation of the cost of new legislation and the nation's overall fiscal health.