Whether you’re an employer or an individual taxpayer, the Taxpayer Advocate Service has several tools available to assist you in estimating credits and payments related to the Affordable Care Act. The Taxpayer Advocate Service recently added a tool to help employers understand how the employer...
If you are a small employer, there is a tax credit that can put money in your pocket. The small business health care tax credit benefits employers that: offer coverage through the small business health options program, also known as the SHOP marketplace have fewer than 25 full...
If you purchased 2016 health care coverage through the Health Insurance Marketplace , you may have chosen to have advance payments of the premium tax credit paid to your insurance company to lower your monthly premiums. If this is the case, it’s important to let your Marketplace know about...
If you are a self-insured employer, applicable large employer or health coverage provider, remember that the deadlines to file information returns with the IRS are approaching. The deadline to provide information returns to employees or responsible individuals was March 31 but for some the...
As you’re wrapping up your tax return, the IRS wants to help you understand the differences among forms and documents related to the Affordable Care Act . Here are five tips for individuals navigating the filing requirements related to the health care law. Don’t send health care...
This year, you may receive one or more forms that provide information about your 2015 health coverage; these forms are 1095-A, 1095-B and 1095-C. The IRS does not issue these forms and cannot provide you with a copy of any of these forms. This tip provides guidance about what you should do if...
The IRS just released this article on tax considerations relating to the healthcare marketplace open enrollment period. Share with your clients and colleagues. Three Tax Considerations during Marketplace Open Enrollment When you apply for assistance to help pay the premiums for health...
Report Life Changes to the Marketplace If you enrolled in insurance coverage through the Health Insurance Marketplace, you are required to report changes to the Marketplace when they happen, like changes to your household income or family size, because they may affect your eligibility for...
Tips from the IRS Whether or not your organization is considered an applicable large employer depends on the size of your staff. However, there are exceptions where seasonal workers are concerned. If an employer’s workforce exceeds 50 full-time employees for 120 days or fewer...
Tips from the IRS If you enrolled for coverage in the Health Insurance Marketplace, you probably filed a tax return based on a Form 1095-A. Many people have done this and since received a notice from the Marketplace that there was an error on their Form 1095-A. If this happened to you,...
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