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Health Care Overhaul: When and How It Will Affect You

On March 23rd, President Barack Obama signed into law the nation's most sweeping social legislation in decades. After over a year of gruelling debate in Congress, American consumers can now try and figure out how they will be affected by the Patient Protection and Affordable Care Act ("the...

Fund Managers Not Yet Taxed on Carried Interest, But Tax Man May Be Coming Soon

Fund managers may be in good shape for 2010 ... although nothing is certain. On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) Act which, aside from providing businesses tax incentives to hire and keep workers on the books, expands the types of...

New Rules on Extension of Health Plan Coverage to Children Up to Age 26

LEGAL ALERT May 12, 2010 An interim final rule implementing the mandatory extension of health plan coverage to children up to age 26, as passed under the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act (together, the Affordable Care Act), has...

IRS Issues Notice 2010-45 with Application Criteria for New Section 48D

On May 21, the Treasury Department released Notice 2010-45 (Notice) for guidance on the Qualifying Therapeutic Discovery Projects credits program under Section 48D. As we described in our April 6 Client Alert , to qualify for the credit, taxpayers must receive a certification from the IRS that they...

Health System Reform: An Implementation Checklist for Hospitals

In the months since the Patient Protection and Affordable Care Act was enacted, hospital and health system senior management have been inundated with advisories, articles, and seminars summarizing the provisions of the health care reform law and its cadre of new requirements. But until now, very little...

Spotlight on Health Care Reform Resource Center

Welcome! We've designed this resource center to help you locate materials on health care reform, here on the LexisNexis Emerging Issues Law Community, the Internet, and lexis.com. Please be sure to check back often for new updates to the Spotlight on Health Care Reform Resource Center. ...

Caplin & Drysdale: LB&I Commissioner Provides Guidance to Examiners and Managers on the Codified Economic Substance Doctrine and Related Penalties

By Mark D. Allison , Christopher S. Rizek and Charles M. Ruchelman Waiting for Guidance As most tax practitioners are aware, the Health Care and Education Reconciliation Act of 2010 added new section 7701(o) of the Internal Revenue Code (the "Code"). This provision codified the judicial doctrine...