Legislation has passed the Mississippi Senate that would, if enacted, reduce income taxes for corporate and personal taxpayers, create a deduction for self-employed individuals, and phase out the franchise tax. Specifically, the bill would phase out the income tax on the first $5,000 of taxable income by exempting the first $1,000 in 2015 and then.

The U.S. Department of Health and Human Services (HHS) on February 20 announced that individuals who were uninsured in 2014, and subject to the individual responsibility payment in states with a federal Marketplace, would be granted another chance to enroll in 2015 coverage under the Patient Protection and Affordable Care Act (PPACA) (P.L. 111-148). The.

The Louisiana Department of Revenue has announced that it has discovered a number of attempts to file fraudulent personal income tax returns for the 2014 filing season that it believes originated from data compromised through Intuit/TurboTax software. The department is taking extra precautions to verify the filings and refunds to ensure that taxpayers receive their.

The IRS has announced the on-time opening of its 2015 tax season touting online services including issues related to health care as implemented by the Patient Protection and Affordable Care Act (PPACA) (P.L. 111-148). The IRS expects that more than four of five returns will be filed electronically, and it will begin accepting and processing.