Friday, October 9, 2015

President Obama Signs Another Bill Repealing Part of His Health care Law

The president’s health care law is unworkable, and he knows it.  That’s why, on Wednesday, he was forced to sign the PACE Act to protect millions of small business workers from higher costs and coverage disruptions under ObamaCare. 
Our goal remains to repeal and defund all of ObamaCare – as we’ve voted a number of times to do – and until then we will continue to do everything in our power to protect Americans from the law’s disastrous impact on jobs, the economy, and hard-working families. 
Since 2011, the president has now signed at least 10 House bills that dismantle, defund, and repeal parts of his health care law:
·         H.R. 4: Repealed the small business paperwork (“1099”) mandate: The paperwork mandate was called “one of Washington’s dumbest ideas” – it would have destroyed jobs and “hit start-ups hardest, not to mention farms, charities and churches.”  House Republicans kept their Pledge to America and repealed it.  H.R. 4 also reduced exchange subsidy overpayments by $25 billion. (Enacted 4/14/11)
·         H.R. 1473: Cut $2.2 billion from a “stealth public plan” and froze the IRS budget: H.R. 1473 undermined ObamaCare by cutting $2.2 billion from the “Consumer Operated and Oriented Plan” (CO-OP) program – a “stealth public plan.”  It saved $400 million by eliminating “Free Choice Vouchers,” which The Hill warned “could lead young, healthy workers to opt out” of their employer plans, “driving up costs for everybody else.”  And it ensured the IRS wouldn’t receive additional funding for new agents to enforce the president’s health care law.  (Enacted 04/15/2011)
·         H.R. 674: Saved taxpayers $13 billion by adjusting eligibility for ObamaCare programs: This bill not only repealed a devastating IRS withholding tax – it saved taxpayers $13 billion by changing how the eligibility for certain programs is calculated under ObamaCare.  Without the change, a couple earning as much as much as $64,000 could still qualify for Medicaid.  (Enacted 11/21/11)
·         H.R. 2055: Made more cuts to CO-OPs, IPAB, IRS: This bill shaved another $400 million off the CO-OPs; cut another $305 million from the IRS to hamper its ability to enforce the law’s tax hikes and mandates; and rescinded $10 million from the Independent Payment Advisory Board  (IPAB) of bureaucrats, to which Republican leaders are declining to recommend appointments.  (Enacted 12/23/2011) 
·         H.R. 3630: Slashed billions from ObamaCare slush funds: Republicans fought for another $11.6 billion in savings, saving taxpayers $5 billion from the Prevention & Public Health slush fund, $2.5 billion from ObamaCare’s “Louisiana Purchase,” and more.  (Enacted 2/22/12)
·         H.R. 4348: Saved another $670 million from the “Louisiana Purchase”: This saved another $670 million by further adjusting a drafting error that made the “Louisiana Purchase” even costlier.  (Enacted 7/6/12)
·         H.R. 8: Repealed the unsustainable CLASS program: H.R. 8 saved $6.5 billion by repealing the Community Living Assistance Services and Supports (CLASS) program, an unsustainable entitlement program whose phony “savings” were used by Democrats to mask the true cost of ObamaCare.  The former Democratic chairman of the Senate Budget Committee called CLASS “a Ponzi scheme of the first order, the kind of thing Bernie Madoff would be proud of.”  The bill also rescinded all unobligated CO-OP funds – another $2.3 billion savings for taxpayers.  (Enacted 1/2/13)
·         H.R. 83: Saved taxpayers from a $2.5 billion bailout of the insurance industry under ObamaCare: This bill protected taxpayer dollars by preventing a back-door bailout of ObamaCare’s risk corridor program.  (Enacted 12/16/14)
·         H.R. 3236: Exempted small businesses from ObamaCare mandates that make it harder to hire veterans.  The Hire More Heroes Act, a top priority for the new Republican Congress, exempts veterans who already have health coverage through the Department of Defense or the VA from ObamaCare’s employer mandate.  This much-needed relief for small businesses makes it easier for them to hire, and easier for our veterans to earn a good living.  (Enacted 7/31/15) 
·         H.R. 1624: Protected millions of Americans from disrupted health care coverage and higher costs.  This bill scrapped ObamaCare regulations that would have forced workers at small businesses off their current health care plans – exposing them to Obamacare mandates, higher costs, and disruption in coverage.  (Enacted 10/7/15)
In addition, in “a real victory for House Speaker John Boehner,” Republicans, and all Americans, a federal court recently ruled the House of Representatives has standing to challenge the president’s unilateral actions on ObamaCare.  This important victory has broad implications as Republicans continue the fight to stop President Obama’s unprecedented executive overreach, uphold the Constitution, and address the American people’s priorities.

IRS Warns Consumers of Possible Scams Relating to South Carolina Flood Victim Relief

WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible fake charity scams emerging due to severe flooding this month in South Carolina and neighboring states.
"When making donations to assist flood victims in South Carolina and elsewhere, taxpayers should take steps to ensure their hard-earned money goes to legitimate and currently eligible charities,” said IRS Commissioner John Koskinen. “ has the tools taxpayers need to check out the status of charitable organizations.”

Following major disasters, it is common for scam artists to impersonate charities to get money or private information from well-intentioned taxpayers.
Such fraudulent schemes may involve contact by telephone, social media, email or in-person solicitations.

The IRS cautions people wishing to make disaster-related charitable donations to avoid scam artists by following these tips:
  • To help disaster victims, donate to recognized charities.
  • Be wary of charities with names that are similar to familiar or nationally known organizations. Some phony charities use names or websites that sound or look like those of respected, legitimate organizations. The IRS website at has a search feature, Exempt Organizations Select Check, through which people may find legitimate, qualified charities; donations to these charities may be tax-deductible. Legitimate charities may also be found on the Federal Emergency Management Agency (FEMA) website at
  • Don’t give out personal financial information — such as Social Security numbers or credit card and bank account numbers and passwords — to anyone who solicits a contribution from you. Scam artists may use this information to steal your identity and money.
  • Don’t give or send cash. For security and tax record purposes, contribute by check or credit card or another way that provides documentation of the gift.
  • If you plan to make a contribution for which you would like to claim a deduction, see IRS Publication 526, Charitable Contributions, to read about the kinds of organizations that can receive deductible contributions.
Bogus websites may solicit funds for disaster victims. Such fraudulent sites frequently mimic the sites of, or use names similar to, legitimate charities, or claim to be affiliated with legitimate charities in order to persuade members of the public to send money or provide personal financial information that can be used to steal identities or financial resources.

Additionally, scammers often send email that steers the recipient to bogus websites that appear to be affiliated with legitimate charitable causes.

Taxpayers suspecting disaster-related frauds by email should visit and search for the keywords “Report Phishing.”

More information about tax scams and schemes may be found at using the keywords “scams and schemes.” has Information to Help You Understand the Health Care Law’s Effect on Your Taxes

There is a lot of information in the news and online about the health care law and its effect on your taxes. For the most up-to-date answers to questions you may have, visit

From A to Z and ISRP to MEC, the IRS website covers a wide range of health care topics and how they relate to your taxes.

The IRS knows that you want to understand how the health care law may affect you when filing your taxes next year. When questions come up, is a great place for you to begin finding the answers you need – when you need them.

This information is especially important for individuals.  Health coverage providers and employers will provide health coverage statements to covered individuals for the first time in 2016. The IRS will continue to post information as you get ready to prepare and file your 2015 tax return.

At, you’ll find frequently asked questions, legal guidance, and links to other useful sites. You can also access valuable information about specific topics, including the premium tax credit for individuals, rules and responsibilities for employers, as well as tax provisions for insurers, tax-exempt organizations and other businesses.

Aside from, we also post new guidance and information about the health care law on the official IRS Twitter, Tumblr and Facebook accounts. You can also access a web-based IRS flyer, Health Care Law Online Resources, for links to other federal agencies that also have a role in the health care law.

Thursday, October 8, 2015

Business E-File Up almost 9 Percent This Year; More Than Three-Quarters of Corporate and Partnership Tax Returns are Now Filed Electronically

WASHINGTON The Internal Revenue Service announced today the number of tax returns e-filed by businesses rose nearly 9 percent this year, continuing the growth in the number of corporate and partnership returns filed electronically. This year, an additional 625,000 corporations and partnerships chose to e-file their tax returns.

As of Sept. 20, almost 8 million corporations and partnerships e-filed their income tax returns. The IRS estimates that e-file accounts for 77 percent of all corporate and partnership returns filed during 2015. Many corporations and partnerships operating on a calendar year receive filing extensions. The due date for filing a return after filing for an extension is usually Sept. 15.

Most large corporations and partnerships are required to e-file.
Large and mid-size corporations, generally those with $10 million or more in total assets, are required to electronically file their Forms 1120 or 1120S. Partnerships with more than 100 partners (Schedules K-1) are also required to e-file their tax returns. The IRS is seeing growth in e-filing by all business segments.

This year, a record 100,000 large corporations e-filed their returns, an increase of 8 percent compared to the same time last year. The greatest rate of growth in e-filing among these businesses is by large partnerships. This year, 142,237 large partnerships e-filed their tax returns, up almost 16 percent from the same time last year.

Tax Returns e-filed by Corporations and Partnerships
Category of e-filers
Sept. 21, 2014
Sept. 20,2015
Large Corporation Tax Returns
Other Corporate Returns
Total Corporate Returns
Large Partnership Tax Returns
Other Partnership Returns
Total Partnerships
Total Returns
Corporations and partnerships can get more information about IRS e-file at