The U.S. Congress pursued a Taxpayer Bill of Rights 2 and 3 in the 1990s. It is noted that the Congress was unable to focus on the inroads made on its Commerce Clause powers by the Rehnquist Court.Cummings Jr., Ja...
An illustrated tutorial on the health insurance premium tax credit: how to calculate the premium tax credit that the taxpayer is entitled to, the tax penalty for not satisfying the individual mandate of having the minimum essential coverage, and the exem
Eliminates the Individual Health Care Tax Penalty: The tax penalty for not having health insurance will be eliminated in 2019. This means you would still be required to pay the penalty in 2018 (for 2017 Tax Returns) and 2019 (for 2018 Tax Returns), but not in 2020 (for 2019 Tax Returns...
The penalty for not filing Form 3520 or willfully neglecting to provide complete or correct information, is the greater of $10,000 or:35% of the gross property value transferred or 5% of the gross value that the US person owns in the trust...
This webinar will take a thorough look at the self-employed health insurance deduction. Our seasoned tax panelist will explain which plans and taxpayers qualify for the deduction, how to report the deduction in specific scenarios, including preparation of the new IRS Form 7206, and coupling insuran...
Tags: civil tax violations, criminal tax violations, delinquent taxes, failure to file, failure to pay, first-time penalty abatement, inflation, late-filing penalty, late-payment penalty, missed deadline, tax, Tax Felon Friday, tax filing, tax penalties, tax preparers, taxes Georgia...
15, 2025, to avoid a possible penalty for not paying as you earned the money. Dec. 23: It's Christmas Week! That means holiday treats, final decorations — or first, if you wait until the very end to get a tree — and frantic last-minute shopping! Rather than worry about how you...
Money for electric cars, health insurance, housing, and so forth should be appropriated and sent as checks, not hidden as tax deductions or credits. The bottom line is that we would have a much less destructive system with a national sales tax. That being said, there is a very relevant ...
Voluntary tax disclosure program (VDP): Businesses that voluntarily report tax-related liabilities starting 1 June 2023 until 31 May 2024 will be granted 100% penalty remission. Tax exemption on carbon capture technology: Carbon capture and storage technology equipment will be completely exempt from im...
The Italian Ministry of Economy and Finance, on December 6, approved the Decree implementing the penalty protection regime for hybrid mismatch arrangements. December 18, 2024 CJEU issues ruling concerning the discriminatory treatment of non-resident insurance companies The Court of Justice of the Eur...