AHCA

Fewer DIY taxpayers, an overwhelmed IRS and other likely features of the upcoming filing season.

The Internal Revenue Service said that for the upcoming 2018 filing season, it‎ will not accept electronically filed tax returns where the taxpayer does not address the health coverage requirements of the Affordable Care Act, the first tax season it has refused to accept such returns.‎

Senate Republicans unveiled a fiscal 2018 budget resolution Friday that they intend to use to push through as much as $1.5 trillion of tax cuts in the coming months, but it won’t allow the GOP to pursue a full repeal of Obamacare.

Senator John McCain of Arizona is laying down the same marker on tax legislation as he did on health care, demanding regular order and support from both parties.

Collins and Cruz are among the latest to express doubts about the plan.

Lindsey Graham and Bill Cassidy are still pushing their plan to repeal Obamacare. It appears the president has moved on to tax cuts.

Treasury Secretary Steven Mnuchin emerged over the weekend as one of the staunchest defenders of Donald Trump in the Cabinet, bringing stability to the administration’s economic policy agenda as it heads into what’s expected to be an unpredictable debt-limit debate.

As summer winds down, everyone across the country is anxiously awaiting a special and rare event this Monday.

In your role as a CPA, you’re a trusted resource for your clients and that means it’s important for you to keep abreast of all regulations that could potentially impact them.

President Donald Trump laid out a path for Senate Majority Leader Mitch McConnell to get back in his good graces: replace Obamacare, overhaul the U.S. tax code and find a way to pay for big infrastructure improvements.

President Donald Trump repeatedly slammed Senate Majority Leader Mitch McConnell over the past two days over the failure of Congress to eliminate Obamacare, escalating a war of words with a fellow Republican who is key to advancing the president’s agenda.

After the collapse of the Obamacare repeal, Republicans may have to choose between pursuing another health bill or pushing through a tax overhaul this year, because there’s almost certainly not enough time to do both.

A months-long effort by Senate Republicans to pass health legislation collapsed early Friday after GOP Senator John McCain joined two of his colleagues to block a stripped-down Obamacare repeal bill.

The Internal Revenue Service has been doing a better job of processing and reviewing claims for Small Business Health Care Tax Credits, according to a new report, though the number of small businesses claiming the Obamacare credit has declined precipitously.

Senate Republicans might eliminate just a few pieces of the landmark health-care law.

The Senate rejected a simple repeal of Obamacare on Wednesday, still in the early stages of an unpredictable floor debate on health care amid significant doubts that Republicans can muster the 50 votes needed to pass any kind of bill.

Senate Republicans have embarked on an unpredictable and potentially chaotic floor debate aimed at repealing Obamacare amid significant doubts that they can muster 50 votes to pass any kind of health bill.

Senate Republican leaders and President Donald Trump appear determined to begin a floor debate Tuesday on repealing Obamacare in a highly unorthodox way—without lawmakers knowing what they’ll be voting on or where it might end up.

The party has lurched in recent days between giving up on repealing Obamacare and restarting talks over a new Trump administration proposal.

The Senate bill reduces the deficit by $420 billion, the CBO said, compared with the $321 billion in deficit reduction in an earlier version, giving Republican leaders additional money they can use to court holdout votes. Much of the increased funding comes from a decision to no longer cut taxes on the wealthy.