Health Care Reform
Most employers have fewer than 50 full-time employees or full-time equivalent employees and are therefore not subject to the employer shared responsibility provision of the Affordable Care Act. If an employer has fewer than 50 full-time employees, including full-time equivalent … read more
Under the Affordable Care Act, applicable large employers –those with 50 or more full-time employees, including full-time equivalent employees – are required to take some new actions. These employers must file information returns with the IRS and also provide statements … read more
It has recently been discovered that there is a widespread number of taxpayers that are encountering errors with the Form 1095-A (Health Insurance Marketplace Statements). The types of errors that are occurring consist of incorrect information on the form or … read more
Now that there is a year of the Health Insurance Marketplace in the books, it is time to assess how having insurance through the marketplace needs to have a mid-season checkup. If you have insurance through the Marketplace, you may … read more
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
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.
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- New Due Dates for Tax Returns
- Foreigners Selling U.S. Real Estate
- IRS: No More Estate Tax Closing Letters…Unless You Ask
- Pushing for Tax Reform – Civil Tax Penalties
- Tax Implications of Marriage on Your Filing Status
- Where Did Your Tax Dollars Go?
- IRS Regulations Proposed for ABLE Act
- The Tax Benefits of Hiring Your Kids
- I Received a “B Notice” from the IRS – What Do I Do?
- I have a Net Operating Loss, Do I Need to Worry about AMT?