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Tag: obamacare

August 26, 2015 TACCT

IRS Letters 5591 and 5596 – Premium Tax Credit

Tax Credits, Tax Filing, Tax Forms, Tax News, Taxes
IRS Letters 5591 and 5596 – Premium Tax Credit

The IRS began mailing out Letter 5591 to those taxpayers who received the Advanced Premium Tax Credit (APTC) and who should have received a 1095-A,

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March 13, 2015 TACCT

Consumer Alert: Affordable Care Act Tax Returns

Tax Credits, Tax Filing, Tax News, Tax Tips, Tax Update, Taxes
Consumer Alert: Affordable Care Act Tax Returns

Affordable Care Act Consumer Alert:  Choose Your Tax Preparer Wisely The IRS urges taxpayers to choose their tax professional carefully as reports are coming in

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February 12, 2015February 12, 2015 TACCT

February 15th is the Deadline to Enroll at Healthcare.gov

Tax News, Taxes
February 15th is the Deadline to Enroll at Healthcare.gov

Get Insured – 2015 Open Enrollment Ends 2/15/15 Marketplace open enrollment for 2015 is Nov 15, 2014 to Feb 15, 2015 Penalty Most people must have

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February 12, 2015February 12, 2015 TACCT

Penalty Relief for the Repayment of the Advanced Premium Tax Credit

Tax Credits, Tax News, Tax Update, Taxes
Penalty Relief for the Repayment of the Advanced Premium Tax Credit

The IRS recently issued Notice 2015-9, providing limited penalty relief for qualified tax returns which have a repayment of the advanced premium tax credit. Generally,

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January 22, 2015January 22, 2015 TACCT

Health Coverage Exemption Certificate Number (ECN)

Tax Filing, Tax News, Tax Tips, Taxes
Health Coverage Exemption Certificate Number (ECN)

For a taxpayer that did not have health insurance for 2014, he or she must either owe a penalty tax on line 61 of Form

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January 4, 2015 TACCT

Health Insurance Information You Will Need to Prepare Your Taxes

Tax Filing, Tax Forms, Tax Tips, Taxes
Health Insurance Information You Will Need to Prepare Your Taxes

Whether you are preparing your taxes yourself or using a tax preparer, this year’s taxes will be a little more complicated. Since the provisions of

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December 24, 2014 TACCT

New IRS Publication for Health Care Law

Tax Tips, Taxes
New IRS Publication for Health Care Law

The new IRS publication will help you learn about how the Affordable Care Act affects your taxes.  IRS Publication 5187, Health Care Law: What’s New for

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November 19, 2014 TACCT

Affordable Care Act Video by IRS Commissioner

Taxes
Affordable Care Act Video by IRS Commissioner

Affordable Care Act: IRS Commissioner Explains What to Expect at Tax Time IRS Commissioner John Koskinen explains in this YouTube video how the Affordable Care

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November 14, 2014November 15, 2014 TACCT

Apply for 2015 Health Coverage

Business, Tax Credits, Tax Update, Taxes
Apply for 2015 Health Coverage

The Healthcare.gov Marketplace open enrollment for 2015 starts November 15, 2014. Get ready to apply for affordable care act (ACA) insurance now: Check your state

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September 18, 2014September 18, 2014 TACCT

Individual Shared Responsibility Payment

Tax Filing, Tax Tips, Taxes
Individual Shared Responsibility Payment

Beginning in 2014, the individual shared responsibility provision of the Affordable Care Act requires each individual to: Maintain a minimum level of health care coverage – known

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