2 minute read: The Centers for Medicare and Medicaid (CMS) has proposed a rule that would ensure that the agency doesn’t wrongfully provide health insurance subsidies, or Premium Tax Credits …
Premium Tax Credit
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IRS 226J/226-JPremium Tax Credit
Employees Obtaining Premium Tax Credits Can Trigger IRS Letter 226J for Employers
by Robert Sheenby Robert SheenIndividual 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 …
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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 …
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ACA CompliancePremium Tax Credit
Incorrect PTC Calculations Show that Technology Is A Gift and a Curse
by Robert Sheenby Robert SheenOver 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 …
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IRSPremium Tax Credit
The IRS Finalizes Regulations for ACA Premium Tax Credits
by Robert Sheenby Robert SheenThe 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 …
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Premium Tax CreditTax Filings
Late Filers: Is Your Premium Tax Credit In Jeopardy?
by Robert Sheenby Robert SheenFor 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. …
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Affordable Care ActPremium Tax CreditRegulationsShared Responsibility Payment
IRS Update: Premium Tax Credit And Shared Responsibility Payment
by Robert Sheenby Robert SheenNew 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 …
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Affordable Care ActPremium Tax Credit
Understanding The Premium Tax Credit
by Robert Sheenby Robert SheenIf 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 …
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Affordable Care ActPremium Tax Credit
Tools to Estimate ACA Fees and Credits
by Robert Sheenby Robert SheenThe 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 …