Affordable Care


Affordable Care, IRS Newswire, Tax Tips

What to do if client receives a Premium Tax Credit letter

Some taxpayers may receive a letter from the IRS requesting information on advance payments of the Premium Tax Credit. Letter 0012C requires you or the taxpayer to take several steps, and it could mean the client is due a refund. Here is what you should know and what you should do with the letter.Why is my client receiving letter 0012C?The Health Insurance Marketplace…
Affordable Care, Uncategorized

Health insurance options available for late enrollees

Today, we bring you a guest blog from TaxSlayer Pro partner VelaPoint Insurance to help tax professionals learn more about health insurance options for individuals who didn’t enroll during open enrollment. Is it too late? By Libby Anderson, VelaPoint Tax season is really just beginning to ramp up, and your hands are about to get very full. One…
Affordable Care

Open enrollment deadlines nearing for Health Insurance Marketplace

The final deadlines for Health Insurance Marketplace open enrollment are quickly approaching. Individuals planning to enroll, re-enroll or change insurance plans for 2016 need to act now or pay a penalty. Here are the two deadlines to remember: Jan. 15: Last day to enroll in or change plans for new coverage to start Feb. 1, 2016 Jan. 31: Open enrollment…
Affordable Care

Affordable Care Act changes, new tax forms will affect some businesses

 Big changes are coming to the Affordable Care Act beginning Jan. 1, 2016. One of the most significant changes is implementation of the ACA employer mandate, which was delayed a year. The employer mandate requires businesses with 50 or more full-time equivalent employees to provide health insurance by 2016 to at least 95 percent of their full-time employees…