Simple answer, the 1095 (A, B, or C) form is the new IRS form that anyone with Health Insurance will receive. Do you need one? YES, if you have health insurance.What You Need to Look For in January & Bring to Your Tax AppointmentThere are 3 new informational forms that are needed to prepare your [...]
Tax time is tough enough and we all know its not your favorite time of year. We have always aimed to make your life a little easier during this tough time. Below are excerpts from an article at bankrate.com. They are some quick things you can do to make Tax Season a breeze.Photo courtesy of [...]
What is changing and how does it affect me.Photo courtesy of 401(K) 2013(CC ShareALike)With tax season just upon us, one of the most confusing tax law changes in history is proving to be challenging at best.We have dissected the Affordable Care Act/Patient Protection law and put the important facts into a quick-read guide for you [...]
Court Strikes Down Obamacare Exchange Subsidies; Proving That The Secret To Good Legislation Is KISS
Court Strikes Down Obamacare Exchange Subsidies; Proving That The Secret To Good Legislation Is KISSAn interesting decision from the US Court of Appeals for DC today, striking down the ability of the Feds to provide health insurance subsidies to many who have enrolled through the new exchanges. This will, of course, get appealed (the next [...]
Appeals courts issue conflicting rulings on health-law subsidiesTwo U.S. appeals courts issued conflicting rulings on whether consumers can receive subsidies for health coverage purchased on insurance exchanges established by the federal government, clouding implementation of a major component of the Obama administration’s signature health care law.
IRS Misses Windows XP Deadline(The Hosting News) – Although Microsoft announced the end of support for Windows XP in 2008, many organizations failed to switch over their computers by the
Repercussions and Reprieves at Health Insurance Enrollment DeadlineAfter Monday, most people must have health coverage or face a penalty, and the confusion of the last six months appears likely to continue.
Man Takes Selfies for Proof to the IRSA man takes selfies to prove to the IRS that he has two homes. A bit of tax season humor! A picture is worth a thousand words, maybe even a million words with the IRS.
'Tsunami' Of Tax Fraud Hits MiamiThis is one crazy example… but it is happening everywhere in less extreme cases. We have heard of properties being bought in taxpayer’s name and other problematic identity theft.
Most likely this will create additional delays: IRS layoffs happen March 1st if congress does not decide something by 2/28/13. With Congress not in session this week, this means it is likely the lay offs will happen. Well they have three days to decide, let’s not cross our fingers.