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Internal Revenue Service

A collection of news and information related to Internal Revenue Service published by this site and its partners.

Top Internal Revenue Service Articles

Displaying items 12-22
  • Connecticut Not Directly Affected By Tuesday's Federal Court Decisions On Insurance Subsidies

    WASHINGTON — Connecticut is not directly affected by two conflicting federal court decisions Tuesday about insurance subsidies offered under President Obama's health care overhaul. Those rulings focus on insurance bought on the federal health...
  • Courts issue conflicting rulings on health care tax credits

    WASHINGTON Two appeals courts on Tuesday reached radically different conclusions about whether millions of consumers in 36 states can use tax credits to help buy health coverage on the federal health insurance marketplace. The conflicting rulings,...
  • Obamacare likely heading to Supreme Court, again

    Obamacare likely heading to Supreme Court, again
    Just when you thought it was safe to get back in the water, the judges in Washington took another big chomp out of the Affordable Care Act. No, not the Supreme Court. This time it was the U.S. Court of Appeals for the D.C. Circuit. In a 2-1 panel...
  • Top U.S. lawmaker wants corporate tax loophole 'plugged now'

    Top U.S. lawmaker wants corporate tax loophole 'plugged now'
    WASHINGTON (Reuters) - Immediate government action is needed to plug a loophole that allows U.S. corporations to avoid federal taxes by shifting their tax domiciles overseas through deals known as inversions, the head of the U.S. Senate Finance...
  • White House says health care tax credits to continue for now

    WASHINGTON President Barack Obama on Tuesday sought to downplay dueling court rulings over the validity of a key provision of the Affordable Care Act, but Republicans on Capitol Hill seized on the latest news as another reason the federal health care...
  • Banks trade barbs with U.S. Senate panel in tax avoidance probe

    WASHINGTON (Reuters) - Deutsche Bank and Barclays on Tuesday locked horns with a U.S. Senate committee that has accused them of selling option products to hedge funds to help them avoid taxes. Renaissance Technologies, a hedge fund, defended the so-...
  • Q&A on health care law rulings

    WASHINGTON Contrary rulings Tuesday on a key element of the Affordable Care Act by two separate federal appeals courts raise a variety of questions. Q. What happened? A. The U.S. Court of Appeals for the District of Columbia Circuit decided 2-1 that tax...
  • Administration can't afford to lose on Obamacare subsidies

     Administration can't afford to lose on Obamacare subsidies
    A federal appeals court in the District of Columbia shocked supporters of the 2010 healthcare law Tuesday by ruling that millions of Americans would no longer be eligible for health insurance subsidies. Shortly thereafter, a panel at the U.S. 4th...
  • Appeals courts split on health law subsidies

    Two federal court rulings Tuesday reached opposite conclusions about the legality of subsidies used to offset the cost of Affordable Care Act health coverage in the latest battle over the politically polarizing health-care law. Whichever ruling holds...
  • Obamacare subsidies lead two courts to battle over law's meaning

    Well, that certainly clears things up. Hours after a federal appeals court ruled Tuesday that the 2010 healthcare law provided insurance subsidies only to people living in 14 states, another appeals panel reached exactly the opposite conclusion in a...
  • Obamacare is either in robust health or on life support

    Obamacare is either in robust health or on life support
    Call it the "Tale of Two Circuits." Within hours of each other Tuesday, two federal appellate courts looked at the Patient Protection and Affordable Care Act on the same issue involving the same provision and came to diametrically opposite conclusions....