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Posts Tagged ‘the affordable care act’

The IRS Gets a Tech Upgrade

October 16, 2014  |   Tax News   |   Tags: , ,  

Anyone who’s been stuck listening to IRS hold music can verify that the agency does not always keep up with the times. In fact, much of how the IRS processes returns, interacts with taxpayers, and scans for fraud has not changed in many years. A large part of what the IRS does relies on manpower. With a significantly reduced staff due to budget cuts over the last few years, elbow grease may not be enough. ...

The Uncertain Future of the IRS and the ACA

Recently, the state of Oklahoma won a lawsuit (Pruitt v. Burwell) against the United States Secretary of Health and Human Services challenging the legality of the IRS’s handling of Affordable Care Act subsidies to be paid out. Oklahoma State Attorney General Scott Pruitt successfully argued that that tax subsidies should not be issued to states such as Oklahoma that did not have a state-based healthcare exchange. Pruitt also was fighting against the employer penalties ...