On November 17, 2009, the IRS unveiled the criteria used to identify 4,450 U.S. investors with accounts in Swiss banking giant UBS whose names will be turned over to the IRS under an agreement with Switzerland.
Month: November 2009
Affordable Care Act Exemption
I was reading H.R. 3962, the Affordable Health Care for America Act, looking to see how they intend to amend the tax code of 1986. I got distracted reading the provision that mandated a 2 1/2% penalty on income for failing to purchase health insurance, and then there is was — an exemption.
