News.bloombergtax.com

2023 Contribution Limits to Rise for Health Savings Accounts

WebThe 2023 annual tax-free contribution limits for health savings accounts are to rise by $200 for self-only coverage and $450 for family coverage, the Internal Revenue …

Actived: 8 days ago

URL: https://news.bloombergtax.com/payroll/2023-contribution-limits-to-rise-for-health-savings-accounts

IRS Clarifies Rule on Health-Care Expenses, Retention Credit

WebThe treatment of health-care expenses as qualified wages by employers for purposes of the employee retention credit was clarified May 8 by the Internal Revenue …

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IRS Internal Revenue Bulletin: 2024-19 IRB Released

WebBloomberg Tax Automation. The IRS has published its Internal Revenue Bulletin. [Internal Revenue Bulletin 2024-19 (May 6, 2024)] This story was produced by …

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IRS Statement: Letters Will Share Information About Obtaining …

WebStarting Oct. 4, the IRS will start sharing information about obtaining Marketplace healthcare coverage on behalf of the Center for Medicare & Medicaid Service (CMS), the IRS …

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EV Makers Win Two-Year Reprieve to Qualify for US Tax Credits

WebAutomakers must curb use of China-sourced materials by 2025. The Biden administration gave carmakers a partial reprieve in finalizing electric-vehicle tax credit …

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Nonprofit Hospitals Need Novel Policy Solutions for Tax Reform

WebNonprofit hospitals constitute approximately 58% of all community hospitals and enjoy extensive tax breaks that often form a substantial part of their net income. Yet …

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‘Tax Lottery’ Would Help Abate Remote Cashier Auditing Nightmare

WebColumnist Andrew Leahey says use of remote cashiers will make it hard for local tax authorities to audit businesses and would facilitate tax evasion, but motivating …

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IRS Authorized to Recover Foreign Reporting Penalty Without Suit

WebThe IRS can assess penalties on taxpayers who willfully fail to file certain disclosures of their interest in foreign corporations without filing a civil suit, the D.C. …

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‘Non-Charitable’ Nonprofit Hospital Ordered to Start Paying …

WebStill, the decision to tax nonprofit hospitals based on behavior more consistent with for-profit providers may not yield much, if any benefit to the taxing authorities: Even …

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California Health Plan Tax Boosts Federal Funds to $20.9 Billion

WebCalifornia would increase a tax on managed health-care providers to boost federal matching funds by $1.5 billion over four years under a bill the state Senate …

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End of Trump Media’s Auditor Jolts Hundreds of Other Companies

WebSEC cited Borgers as “sham audit mill” with false work papers. The sudden shutdown of what the SEC dubbed a “sham audit mill” will force hundreds of companies, …

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California Ad Tax Bill Taps Amazon, Google, Meta to Fund News

WebAmazon.com Inc., Google, and Meta would pay a 7.25% tax on California advertising revenue over $2.5 billion to fund tax credits for California news organizations …

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SEC Accuses Trump Media’s Auditing Firm of Massive Fraud (2)

WebTrump Media has used the Colorado-based accounting firm since 2022, and retained its services after it went public by merging with Digital World Acquisition Corp., a …

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Tax Fraud Scheme Defendants Lose Bid to Upend Guilty Verdict

WebTax Fraud Scheme Defendants Lose Bid to Upend Guilty Verdict. John Woolley. Reporter. Prosecutors presented sufficient evidence to support the conviction of …

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Missouri DOR Releases Form 5695, Qualified Health Insurance …

WebThe Missouri Department of Revenue Dec. 24 released Form 5695, Qualified Health Insurance Premiums Worksheet, for individual income tax purposes. Taxpayers …

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New York Lawmakers Eye Managed Care Tax to Raise $4 Billion

WebNew York Lawmakers Eye Managed Care Tax to Raise $4 Billion. The New York Legislature is considering a tax on managed care organizations to generate $4 …

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China to Expand Tax Favors to More Health Insurance Products

WebChina will expand the scope of commercial health insurance products applicable to individual income tax preferential policies to insurance products for medical, …

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Missouri Governor Signs Law Expanding Individual Income Tax …

WebThe Missouri Governor July 7 signed a law expanding tax deductions from long-term health insurance premiums for individual income tax purposes. The law …

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ADM Shares Fall as CEO Cites Transition From Booming Years (2)

WebShares of the Chicago-based trader fell as much as 5.5%, the most since January. “This is a transition period for the industry,” Luciano said in a conference call …

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How US Employers Provide Health Plans to Puerto Rico Employees

WebProbably because of their prior experiences and challenges with the operation of retirement plans in Puerto Rico, plus the lack of written guidance on the subject, …

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SEC Charges Audit Firm BF Borgers, Owner With Fraud

WebSusanne Barton. Bloomberg News. The SEC said it charged audit firm BF Borgers CPA PC and its owner, Benjamin F. Borgers with deliberate and systemic …

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Medical Company Heritage Said to Weigh $9 Billion-Plus Sale

WebHealth-care provider is working with an adviser to assist it. Heritage has $600 million to $700 million of annual Ebitda. Heritage Provider Network Inc. is exploring a …

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