Tax Development Journal Volume 5 (Fall 2015)This collection houses the Tax Development Journal Volume 5 (Fall 2015)http://hdl.handle.net/10211.3/1572062024-03-29T11:35:50Z2024-03-29T11:35:50ZPatient protection and the Affordable Care Act: implementation issues for the individual and employer mandatesMucenski-Keck, LynnSmoker, Kari A.http://hdl.handle.net/10211.3/1572092023-06-16T17:48:24Z2015-01-01T00:00:00ZPatient protection and the Affordable Care Act: implementation issues for the individual and employer mandates
Mucenski-Keck, Lynn; Smoker, Kari A.
Under the Patient Protection and Affordable Care Act (the "ACA"), will individuals in the U.S. have more options for obtaining affordable, comprehensive healthcare coverage? Or will there be an increase in healthcare costs under the ACA that will force individuals to forego insurance and pay the penalty or to enroll in a government regulated marketplace -- the "Exchanges" -- to purchase a healthcare plan? The options for obtaining health insurance will be determined, in part, by how well the ACA's mandates and its provision of benefits for qualifying individuals are administered by the IRS. The additional funding necessary to implement the ACA, and the short turn-around time required, are real concerns. There are also concerns about potential for fraud, and the U.S. Supreme Court is stepping in to determine the availability, under current law, of the premium tax credit for taxpayers purchasing insurance through a federally-facilitated Exchange. To understand the full effect of the ACA on the choices that individuals will make, one must not only understand how to assess the premium tax credit and individual mandate, but also the controversies that must be overcome for successful implementation.
2015-01-01T00:00:00ZTrouble never comes alone - some issues of divorce and taxationRubtsov, Ivan V.http://hdl.handle.net/10211.3/1572102023-06-16T17:48:52Z2015-01-01T00:00:00ZTrouble never comes alone - some issues of divorce and taxation
Rubtsov, Ivan V.
Divorce is stressful enough to forget anything else while struggling through the emotions of the ruined life and lifestyle, accusations, and insults arguably results in one of the most intense stresses of modern life. This stress brings decreased income, reduction in property, and a lack of attention to matters other than the divorce itself, such as taxes. This article reviews some controversial and unexpected combinations and provides some tools for tax planning related to divorce issues. While presuming some understanding of tax law, this article stresses the tax law applications in different situations that family court judges create, usually without having considered tax ramifications. The latest United States Supreme Court decision added another layer of confusion and complications to the field of family law by allowing legally married same-sex persons (SSMPs) to be treated as married for federal income tax purposes. This article is treating the SSMP the same as any other married couple.
2015-01-01T00:00:00Z