News You Can Use – 2014 Tax Developments

January 20, 2015 | Legislation, Tax Advice |

As we start the 2014 Tax Season in McMurray, we’d like to share some significant tax developments for the year:

2014 Tax News

  • Supreme Court ruled that closely held corporations do not have to comply with the contraception mandate under the ACA if it burdens their religious rights
  • Supreme Court ruled that inherited IRAs are NOT protected in bankruptcy and that severance pay IS SUBJECT to employment taxes

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