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 …
Tax Filings
-
-
Affordable Care ActHealthcareIRSPenaltiesTax Filings
Has the ACA Bettered the Language Barriers in Forms Reporting? We Asked a Professional
by Robert Sheenby Robert SheenOver 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 …
-
Form 1095-BTax Filings
Form 1095-B Has Been Updated For the 2016 Tax Year
by Robert Sheenby Robert SheenThe 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, …
-
Affordable Care ActHealth Care CoverageTax Filings
ACA Compliance Difficulties? The 1940’s Started it All.
by Robert Sheenby Robert SheenThis 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 …
-
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. …
-
ACA ComplianceAffordable Care ActTax Filings
Don’t Make 2015’s Mistakes In 2016
by Robert Sheenby Robert SheenThe 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 …
-
AIRTax Filings
It’s Deadline Day! File Your Health Care Forms Or Face A Penalty
by Robert Sheenby Robert SheenWe’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 …
-
Affordable Care ActTax Filings
IRS Shares Success Of Premium Tax Credit Calculations For 2015
by Robert Sheenby Robert SheenThe 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 …
-
Affordable Care ActTax Filings
IRS Electronic Filing: It’s Not As Simple As You Think
by Robert Sheenby Robert SheenFor 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 …
-
Health Care CoverageTax Filings
Health Coverage Information Returns: A Key Date Calendar
by Robert Sheenby Robert SheenWhile 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 …
-
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 …
-
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 …
-
Affordable Care ActApplicable Large Employer (ALE)Health Care CoverageTax Filings
Quick Tips: Managing Your Health Insurance Docs
by Robert Sheenby Robert SheenAs 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 …
-
Tax Filings
Federal Tax Returns And The Affordable Care Act: Understanding Your Electronic Filing Options
by Robert Sheenby Robert SheenAs 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 …
-
Affordable Care ActHealth Care CoverageIRSTax Filings
About The New ACA Information Statements
by Robert Sheenby Robert SheenRecognizing 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 …
-
Affordable Care ActHealth Care CoverageTax Filings
The Information Employers Must Provide, and When
by Robert Sheenby Robert SheenThe 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 …
-
Affordable Care ActHealth Care CoverageTax Filings
HHS Wants To Ease Exemption Claims
by Robert Sheenby Robert SheenThe 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 …
-
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 …
-
Affordable Care ActReportingTax Filings
$11 Billion in Credits Paid During Filing Season
by Robert Sheenby Robert SheenConsumers 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 …