Welcome to the top tax and accounting headlines from Reuters and other sources.
* U.S. is preparing more tax-evasion cases. Laura Saunders – The Wall Street Journal. The U.S. is expanding its crackdown of offshore tax evasion, preparing numerous criminal cases against suspected offenders, defense lawyers involved in the cases say. Link
* Federal rule limits aid to families who can’t afford employers’ health coverage. Robert Pear – The New York Times. In deciding whether an employer’s health plan is affordable, the Internal Revenue Service said it would look at the cost of coverage only for an individual employee, not for a family. Family coverage might be prohibitively expensive, but federal subsidies would not be available to help buy insurance for children in the family. Link
* Workers’ children won’t get subsidies. Louise Radnofsky – The Wall Street Journal. Federal tax subsidies under the 2010 health law designed to help lower-income Americans afford insurance won’t extend to dependents who can be covered through a family member’s employer. Link
* Executives don’t see tax reform this year: KPMG. Maxwell Murphy – The Wall Street Journal. Nearly half of business executives don’t feel that the deal in Washington that avoided the so-called fiscal cliff paved the way for comprehensive reform of the U.S. corporate tax code in 2013, according to a survey released on Wednesday by audit and tax advisory firm KPMG LLP. Link
* Your money: expect to pay for fast tax refund. Susan Tompor – USA Today. This season’s tax refunds, though, are going to be one week late because the Internal Revenue Service couldn’t begin processing the vast majority of returns until Jan. 30. Link