The IRS Wants More Employers to Use Electronic Filing

The IRS Wants More Employers to Use Electronic Filing

June 11, 2018 2 minute read: The IRS is proposing regulations that would expand mandatory electronic filings for most employers by aggregating the number of total information returns they submit to the federal Read More
Has the ACA Bettered the Language Barriers in Forms Reporting? We Asked a Professional

Has the ACA Bettered the Language Barriers in Forms Reporting? We Asked a Professional

October 25, 2017 Over the last few years, pocket neighborhoods of Spanish speaking individuals have produced significant language barriers when it comes to the Affordable Care Act (ACA). Many whose primary language is Read More
Form 1095-B Has Been Updated For the 2016 Tax Year

Form 1095-B Has Been Updated For the 2016 Tax Year

December 29, 2016 The IRS has been updating several forms for the 2016 tax year. We’ve seen the final updated Forms 1094-C and 1095-C. Form 1095-B has also seen some changes. The Form, Read More
ACA Compliance Difficulties? The 1940’s Started it All.

ACA Compliance Difficulties? The 1940’s Started it All.

November 5, 2016 This past tax year, many employers experienced a whole new dimension to documenting and reporting information about their employees to the government. With the Affordable Care Act mandating that full-time 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
Don’t Make 2015’s Mistakes In 2016

Don’t Make 2015’s Mistakes In 2016

July 27, 2016 The June 30, 2016 deadline for employers to file their applicable 2015 health care tax return with theIRShas passed.For many employers, the damage is done.Skipped deadlines, misclassifications, and ignoring of Read More
It’s Deadline Day! File Your Health Care Forms Or Face A Penalty

It’s Deadline Day! File Your Health Care Forms Or Face A Penalty

June 30, 2016 We’ve finally reached this point. Today (June 30). If you’re self-insuring your employees, then you must also file forms 1094-B and 1095-B. If filed incorrectly, penalties will follow. It’s a Read More
IRS Shares Success Of Premium Tax Credit Calculations For 2015

IRS Shares Success Of Premium Tax Credit Calculations For 2015

May 19, 2016 The 2015 tax year was a transitional one in the world of health care as the Affordable Care Act modified several procedures in the way of filing for health care Read More
IRS Electronic Filing: It’s Not As Simple As You Think

IRS Electronic Filing: It’s Not As Simple As You Think

May 17, 2016 For many employers, the 2015 tax season included new health care documentation under the Affordable Care Act with regard to employees. Forms such as 1094-C and 1095-C apply directly to Read More
Health Coverage Information Returns: A Key Date Calendar

Health Coverage Information Returns: A Key Date Calendar

May 5, 2016 While many if not most of the 2015 tax season deadlines have already passed, some information-filing deadlines are steadily approaching. Some have been already been extended, including the deadline for Read More
You’ve Received a 12C Letter: Now What?

You’ve Received a 12C Letter: Now What?

April 29, 2016 The 2015 tax year brought much added paperwork in the way of forms and letters for the everyday taxpayer. For most, this is the first year that they’re receiving some Read More
Form 1095-A: How To Handle Corrections And Voids

Form 1095-A: How To Handle Corrections And Voids

April 28, 2016 This 2015 tax season, a number of new forms may have been required of you to either complete and file and/or retain for your records. Of these forms you should Read More
Quick Tips: Managing Your Health Insurance Docs

Quick Tips: Managing Your Health Insurance Docs

April 10, 2016 As you prepare your 2015 tax return, keep in mind that new health insurance coverage documents may reach your mailbox this year that you hadn’t seen previously. As the Affordable Read More
Federal Tax Returns And The Affordable Care Act: Understanding Your Electronic Filing Options

Federal Tax Returns And The Affordable Care Act: Understanding Your Electronic Filing Options

February 26, 2016 As we enter the middle of tax season, it’s important to note that the Affordable Care Act may have an impact on the filing of your tax return (click here for more Read More
About The New ACA Information Statements

About The New ACA Information Statements

December 24, 2015 Recognizing that many individuals will receive new ACA information statements for the first time in 2016, the IRS issued a memo aimed at helping consumers understand the documents. The explanation Read More
The Information Employers Must Provide, and When

The Information Employers Must Provide, and When

December 18, 2015 The IRS reminds employers that, beginning in 2016, the Affordable Care Act requires them and other providers of minimum essential coverage to report certain information about employees’ health coverage in Read More
HHS Wants To Ease Exemption Claims

HHS Wants To Ease Exemption Claims

December 7, 2015 The Department of Health and Human Services (HHS) wants to make it easier for low-income people to take advantage of the “hardship exemption” from the individual mandate of the Affordable Read More
Nine Facts about IRS Letters

Nine Facts about IRS Letters

September 17, 2015 The IRS sent letters this summer to some taxpayers who were issued a Form 1095-A, Health Insurance Marketplace Statement, showing that advance payments of the premium tax credit were paid Read More
$11 Billion in Credits Paid During Filing Season

$11 Billion in Credits Paid During Filing Season

September 3, 2015 Consumers who bought individual health insurance coverage through federal and state exchanges received almost $11 billion in premium assistance tax credits in fiscal year 2014, according to a report by Read More