In an effort to reduce identity theft, the IRS issued proposed regulations that would permit employers to use truncated taxpayer identification numbers (TTINs) on Forms W-2, Wage and Tax Statement, issued to employees. To read the full article in The Tax Adviser, click: Rules Would Allow Truncated Taxpayer IDs on Forms W-2. ...Read more ›
IRS: Cheapest Obamacare Plan Will Be $20,000 Per Family â€”IRS Report, HuffPo, Catholic News, Yahoo! Answers, Economonitor. JofA Explains Details.
Details Found in IRS Explanation Issued Wednesday; $20,000 Figure Based on a Family of Four. Â In aÂ final regulationÂ issued Wednesday, January 30, 2013, the Internal Revenue Service (IRS) assumed that under Obamacare the cheapest health insurance plan available in 2016 for a family will cost $20,000 for the year. Â Â Under Obamacare, Americans will be required to buy health insurance or pay a penalty to the I ...Read more ›