Thanks to recent tax reform, the Affordable Care Act Penalty for not having adequate health insurance, which the government refers to as the “individual shared responsibility payment,” will no [...]
The Affordable Care Act (ACA) imposed significant penalties on taxpayers and their families who do not have ACA-compliant health insurance.
If you have substantially lower taxable income this year, or even if you expect not to be required to file a tax return this year, a number of tax opportunities may be available to you.
In Blog, Educational Issues, Featured, Obamacare, Tax Preparation, The Patient Protection and Affordable Care ActPosted
The Affordable Care Act requires you and each member of your family to have minimum essential coverage,
Under the Affordable Care Act, certain employers – referred to as applicable large employers (ALEs) – are subject to the employer shared responsibility provisions,
In Blog, Educational Issues, Featured, Tax Preparation, The Patient Protection and Affordable Care ActPosted
Form 1095-B, Health Coverage, is used to report certain information to the IRS and to taxpayers about individuals who are covered by minimum essential coverage and, therefore, aren’t liable [...]
In Blog, Educational Issues, Featured, Federal Tax Updates, Obamacare, The Patient Protection and Affordable Care ActPosted
Tha IRS has extended the Affordable Care Act (ACA) reporting deadlines for both providing employees with their health-plan coverage information and filing with the IRS.
Beginning in 2015, large employers (those with 100 or more full-time equivalent employees) must begin offering health insurance coverage to their employees.