Friday, June 29, 2012

Supreme Court's health care decision affects many tax provisions

The Supreme Court's decision upholding the individual mandate in the health care law had a surprisingly large number of tax ramifications. Because much of the health care law was enacted through the Internal Revenue Code, the court's decision to let the law stand means that numerous tax provisions will take effect over the next few years. Many of those provisions involve health care, but some, such as the 3.8% tax on net investment income and the codified economic substance doctrine, don't, and may surprise taxpayers. To read the details click the link.  Supreme Court upholds health care law
Looking for an experienced and licensed by IRS tax accountant? As always we are available to help. For no obligation free consultation contact us today!
Amare Berhie, Senior Tax Accountant
Direct 612-282-3200
Toll free 866-936-0430

 

No comments:

Post a Comment