Tag Archives: 111th United States Congress

What’s Happening in Congress Regarding Our Taxes?

Courtesy of the National Association of Enrolled Agents NAEA’s E@lert’s holiday present to readers and taxpayers  is a one-week reprieve on Taxmageddon. The short version is that negotiations are ongoing and largely behind closed doors. Shifting gears a bit, we have news about the tax writing committees. At the start of the 113th Congress (the […]

Oct. 17 is Last Day for Businesses to Request Tax Credit Certification for Some New Hires

[TaxMama note: For any business needing employees who cannot afford them, this is a good alternative. The government subsidizes your hires for the first year or two. You hire and train someone who would otherwise have a hard time getting a job. You end up with either a devoted and grateful employee – or, realistically, […]

Alert for COBRA subsidy recipients

Courtesy of the IRS COBRA subsidy recipients who later become eligible for insurance coverage should notify their former employer to avoid a penalty Individuals who have qualified and received the 65 percent subsidy for COBRA health insurance, due to involuntary termination from a prior job, should notify their former employer if they become eligible for […]

Cash for Clunkers and the Salvage Yards

Today TaxMama reads about the Cash for Clunkers fallout. It’s so popular that all the money ran out in the blink of an eye – and Congress had to quickly appropriate new money. So, if you want your $3500 or $4500 rebate – get it fast! It seems that the salvage yards are concerned because […]

Cash For Clunkers

Courtesy of David & Mary Mellem, EAs Cash for Clunkers (not a tax issue but…) This is not a tax issue, but contains a part you may be interested in knowing about. We have already heard from clients asking about this so we figured we’d share what we found. HR 2346 was passed by the […]