This Week in Health Reform Republican Scott Brown’s victory over Massachusetts Attorney General Martha Coakley (D) in the January 19 special election to fill the seat of the late Senator Edward Kennedy (D) might prove to be a game-changer for the health care reform debate. The loss of the 60th Democratic vote now robs Senate … Read more
The Patient Protection and Affordable Care Act includes changes in the delivery of health insurance and several new income tax provisions. The implementation of these new rules over several years is a major focus oftax continuing education for Enrolled Agents and other tax professionals. Coverage Changes Starting in 2010, an adult child up to age … Read more
Top-Line Facts: * Spending: The cost of the bill is .5 trillion over 10 years of full implementation (2014-2023). * Taxes Increases: Taxes will go up 3.6 billion—nearly half a trillion dollars. * Medicare Cuts: Medicare will be cut 4.6 billion—another half a trillion dollars. * Total Number of Pages: 2074 * Government Plan: The … Read more
Understanding the tax implications of replacing or selling existing life insurance coverage will help shed some light on the options available to financial advisors and policy holders looking to capitalize on the hidden value in their life insurance plans. Policy holders need to know what the tax implications are for coverage payments in advance of … Read more
In this era of heightened awareness of human rights, the title looks like a blasphemy, but bitter truth is often more repugnant than fiction. For instance, presently, a slave costs 1/38th of the price 160 years ago, making the business very profitable with a ROI of 8 times. Throughout history (and even … Read more