The Congressional Research Service issued the following report (No. R44425) on
April 26, 2021, entitled Health Insurance Premium Tax Credit and Cost-Sharing Reductions by health care financing specialist
Bernadette Fernandez:
Summary
Certain individuals without access to subsidized health insurance coverage may be eligible for the premium tax credit (PTC) established under the Patient Protection and Affordable Care Act (ACA; P.L. 111-148, as amended) and amended under the American Rescue Plan Act of 2021 (ARPA, P.L. 117-2) to include several temporary provisions. The dollar amount of the PTC varies from individual to individual, based on a formula specified in statute. Individuals who are eligible for the PTC may be required to contribute some amount toward the purchase of health insurance.
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Leading Crypto Tax Platform Ledgible Joins The Accounting Blockchain Coalition
Contributing Expertise to Educate and Inform on Tax and Accounting for Cryptoassets
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Verady, maker of the
accounting platform, announced that the Company joined the
Accounting Blockchain Coalition. Verady s extensive expertise will add to working papers, education, and other resources on important issues around cryptoassets and the evolving tax and accounting ecosystem in the United States as well as globally.
Verady joining the Accounting Blockchain Coalition (ABC) is important this week with the opening of tax filing season by the IRS on Friday, February 12. New for 2020, the Tax Form 1040 includes the virtual currency question. As a member of the ABC, Verady will help evolve ABC into an objective, industry resource and community for organizations involved with cryptoassets and blockchains in accounting.
Unemployment agencies across the U.S. became lucrative targets for criminals when they were bombarded with claims last year as millions lost jobs due to coronavirus shutdowns. Now, simple tax forms being sent to people who never collected unemployment benefits are revealing that their identity was likely stolen months ago and used to claim bogus benefits that have totaled billions of dollars nationwide. Unemployment benefits are taxable, so government agencies send a 1099-G form to people who received them so they can report the income on their tax returns.
Lock Desk, Credit, MLO, Ops Jobs; Underwriting, Pricing tools; DACA, URLA Changes; Primer on the Secondary Markets Feb 4 2021, 8:18AM
Making headlines is United Wholesale averaging $15 billion a month in production and earning total net income of $3.4 billion for 2020, quite a change from the $415 million of net income in 2019. And over time, we change. In your 20s: “I fell asleep backwards on a coffee table last night and woke up just in time to run a 5k.” In your 30s: “I bought the wrong pillow. Put me in hospice.” Even Matt Damon changes: he’s selling his house in Southern California for a move to New York. (Schedule a tour of 1401 San Remo Dr. if you like.) Some argue that government never changes, but many argue that it does indeed. With all the headlines about the inner workings of government, many wonder how we are actually being governed as a nation. (Thank you to Len T. reminding me of that clip.)
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