Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers

Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers

February 6, 2018 Individual taxpayers who obtain Premium Tax Credits from the federal government to subsidize health insurance plans purchased on government healthcare exchanges under the Affordable Care Act (ACA) will be filing Read More
Excess PTCs Can Lead To Greater Tax Liability

Excess PTCs Can Lead To Greater Tax Liability

September 14, 2017 The Affordable Care Act (ACA) has made significant strides in making healthcare affordable thanks to subsidies like Premium Tax Credits (PTCs), but that assistance can ultimately affect tax liability. At Read More
Incorrect PTC Calculations Show that Technology Is A Gift and a Curse

Incorrect PTC Calculations Show that Technology Is A Gift and a Curse

September 11, 2017 Over the last two years, the IRS has made some strides in ensuring that certain ACA-mandated processes are as seamless as possible for taxpayers and employers, from streamlining electronic form Read More
The IRS Finalizes Regulations for ACA Premium Tax Credits

The IRS Finalizes Regulations for ACA Premium Tax Credits

July 26, 2017 The IRS on July 24 finalized regulations for the use of premium tax credits. These are the tax credits provided by the Affordable Care Act (ACA) to help lower income Read More
Late Filers: Is Your Premium Tax Credit In Jeopardy?

Late Filers: Is Your Premium Tax Credit In Jeopardy?

September 28, 2016 For those who received an advance payment for the Premium Tax Credit, yet have extended their 2015 tax return filing or don’t file at all, there’s something you should know. Read More
IRS Update: Premium Tax Credit And Shared Responsibility Payment

IRS Update: Premium Tax Credit And Shared Responsibility Payment

August 4, 2016 New regulations have arrived for the ACA’s Premium Tax Credit and Shared Responsibility Payment provisions. For the 2015 tax year, many employers and employees encountered difficulties with regard to the Read More
Understanding The Premium Tax Credit

Understanding The Premium Tax Credit

January 19, 2016 If you or anyone in your family enrolled in an Affordable Care Act health insurance plan through the federal Healthcare.gov health insurance marketplace or a state exchange, you may be Read More
Tools to Estimate ACA Fees and Credits

Tools to Estimate ACA Fees and Credits

September 1, 2015 The IRS has developed tools for employers and individuals to estimate their credits and payments related to the Affordable Care Act. The tools, available online, only provide an estimate intended Read More