ACA Tax Information

ACA Reporting for Applicable Employers Begins This Year

A provision of the Affordable Care Act of 2010 (A.K.A Obamacare) affecting employers with 50 or more full-time employees goes into effect in 2015 and must be reported during the 2016 tax filing season. The IRS is requiring “applicable large employers” to report information on the health coverage they offered (or failed to offer) to […]

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Affordable Care Act Penalties Increase Annually

Most of the components of the Affordable Care Act of 2010 have now been implemented. And the one that is pertinent to almost every American is the individual mandate to purchase a health insurance plan or pay a penalty. 2014 is the first tax year for which penalties will be collected. For those who did

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ACA Filing Deadline Extended through 2015 Tax Filing Season

Taxpayers who missed the February 15, 2015 deadline to enroll in a healthcare plan through the public exchange or face a penalty received some good news; a special enrollment period will be added, extending the deadline to April 30, 2015 in 37 states. The government also announced that some 800,000 taxpayers received incorrect forms from

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