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News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for Saturday, February 7, 2015

HEALTHCARE: Affordable Care Act? Try 'Aggravating Challenge for Accountants' “Two of the most complicated facets of American life have just collided: health care and the federal income tax form. As set out in the Affordable Care Act, starting now health insurance has been woven into every individual federal tax form. Let’s ignore the effect on the ibuprofen market (investment tip?). For the IRS and for thousands of accountants, the result is a once-in-a-generation challenge: a new tax requirement for every American that could be violated accidentally, with ease. “This is a very very big change,” says tax accountant Poonam Bansal. “It ...

News Briefing for September 13

Below are some of the news stories that we are reading today. HEALTHCARE:   Americans Still Think Obamacare’s Hurting The Country “Most of Obamacare has kicked in already and Americans still overwhelmingly think that it’s hurting the country more than it’s helping, according to a Pew poll published Friday.  Forty-five percent think the health-care law has had a mostly negative effect on the country as a whole, Pew found. Another 18 percent think it hasn’t done much at all. That leaves just a third of respondents that believe Obamacare’s doing mostly good. That pessimistic view of the law has actually grown since Obamacare ...