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Professional Tax Software News & Advice

Some Tax Penalty Relief for 1095 Mix-Ups

The IRS is giving clients who got a wrong 1095-A limited relief from tax penalties. Notice 2015-30 provides limited penalty relief for taxpayers who received a Form 1095-A, Health Insurance Marketplace Statement, that was incorrect or delayed and who timely filed their 2014 income tax return, including extensions. [More]