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Selected Highlights of the 2010 Health Care Act and Health Care Reconciliation Act
by Stephen P. Joye
After significant debate and months of negotiations and
deal-making, Congress passed and the President signed into law a new health care reform law in late March. The
new health care reform law (Health Care Act 3/23/2010 and Health Care Reconciliation Act 3/30/2010) includes a mandate for most residents of the U.S. to obtain health insurance and with it a host of new tax rules, tax credits, and penalties. Read Article Here
Increased Penalty for Failure to Timely File Partnership or S Corporation Returns
  Also in this Issue
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Business tax changes in the 2010 HIRE Act
by Todd Garrett
The Hiring Incentives to Restore Employment (HIRE) Act was enacted in February 2010. The Act provides several tax incentives for business owners.
Read Article Here

IRS Form: W-11: Hiring Incentives to Restore Employment Act, Employee Affidavit

  
  Vital Information You Need to Know Regarding Reporting Obligations
of Foreign Trust Activity
by James Martinez
Although some taxpayers have tried to use foreign trusts to shelter taxable income from U.S. taxation, for many people a foreign trust is simply a tool that is created and used for purposes completely unrelated to taxes. Read Article Here		  
  Circular 230 Notice/Disclaimer:
This notice is required by IRS Circular 230, which regulates written communications about federal tax matters between tax advisors and their clients.  To the extent the preceding correspondence and/or any attachment is a written tax advice communication, it is not a full “covered opinion.”  Accordingly, this advice is not intended and cannot be used for the purpose of avoiding penalties that may be imposed by the IRS.