Health Care Reform
There is a new publication that will help you learn about how the Affordable Care Act affects your taxes. This publication breaks down what’s new for the 2014 federal tax return you will be filing in 2015. This new publication … read more
Last week the Obama administration reported that 800,000 people who signed up for health insurance under the Affordable Care Act received incorrect tax information on the forms they received from the federal exchange and should wait to receive new ones … read more
When filing your 2014 federal income tax return, you will see some changes related to the Affordable Care Act. Millions of people who purchased their coverage through a health insurance Marketplace are eligible for premium assistance through the new premium … read more
Most people must have health insurance coverage in 2014 or will pay a penalty fee with their 2014 income tax return. The fee (also known as “the penalty,” the “individual shared responsibility payment,” or the “individual mandate”) is based on … read more
Most people must have health insurance coverage in 2014 or pay a penalty fee with the 2014 income tax return. The fee (also known as “the penalty,” the “individual shared responsibility payment,” or the “individual mandate”) is based on your … read more
To avoid the 2014 penalty fee (also known as “the penalty,” the “individual shared responsibility payment,” or the “individual mandate”) for being uncovered, you must have health insurance that qualifies as minimum essential coverage. Certain health plans qualify as minimum … read more
The long awaited and much discussed Obamacare penalty fee (also known as “the penalty,” the “individual shared responsibility payment,” or the “individual mandate”) is coming to your 2014 tax return and will be charged for the months in 2014 that … read more
The Affordable Care Act is requiring nonexempt individuals to have minimum essential coverage or to pay the individual shared responsibility payment. On July 24, the IRS released the draft forms that the providers of health care must use to fulfill … read more
The Affordable Care Act has small business owners wondering how to take advantage of this tax credit. So, how do you know if your business qualifies? To qualify for a small business tax credit of up to 50% (35% for … read more
Whenever there is a substantial change in tax law, there are always issues that surface that were, perhaps, not originally anticipated. As previously noted, certain taxpayers may be eligible to receive a premium tax credit for health insurance in 2014. … read more
There is nothing more complex than the world of taxes. We know this and yet we chose careers where we face these issues everyday. We get questions day in and day out about new tax laws, forms and news items and how they affect everyday people and businesses. Well, here at Henry & Horne, LLP we have set out to do what we do best; help everyday people understand what is going on in the world of state, local, federal, estate and international taxation. We will provide these weekly posts and we encourage you to give us feedback on those posts as well as letting us know what else you would like to know more about. Welcome to "Tax Insights." We hope you find this blog informative and worthy of your time.
Before posting a comment on a blog post please be aware that we do not give free tax advice to non-clients by email, comment response, or phone. Thank you!
- Save on Taxes While Growing Your Business
- New IRS Publication Helps You Understand the Affordable Care Act
- Taxes, Interest and Carrying Charges – Election to Capitalize
- Work Opportunity Tax Credit – You May Still Qualify for 2014
- Do you own an Arizona Rental House? Get Ready to be Licensed
- WARNING – Federal Healthcare Coverage Information May be Incorrect
- Write Off Your Building Improvements under the Safe Harbor for Small Taxpayers
- What is a Real Estate Unit of Property?
- How to Deduct Recurring Maintenance? The Routine Maintenance Safe Harbor
- Materials and Supplies – IRS Guidance on How to Deduct