The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a payment for any months without coverage or Continue reading Obamacare Shared Responsibility
Compiled annually by the IRS, the “Dirty Dozen” is a list of common tax scams for 2016 that taxpayers may encounter in the coming months. While many of these scams peak during the tax filing season, they may be Continue reading Tax Scams for 2016
Most people file a tax return because they have to, but even if you don’t, there are times when you should because you might be eligible for a tax refund and not know it. This year, there are a few new rules for taxpayers Continue reading Who Should File a 2015 Tax Return?
A Roth IRA is an individual retirement plan that with certain exceptions, is similar to a traditional IRA and subject to the rules that apply to a Continue reading The Basics about the Roth IRA
Employees who work for tips – If you received $20 or more in tips during February, report them to your employer. You can <!–more–>use Form 4070.
The Affordable Care Act requires applicable large employers (ALEs) to file information reporting returns with the IRS and employees. ALEs are generally those employers with 50 or more Continue reading Obamacare Tax Reporting Requirements
More than 50 tax provisions, including the tax rate schedules, and other tax changes are adjusted for inflation in 2016. Let’s take a look at the Tax Rates, Deductions & Exemptions that are Continue reading Tax Rates, Deductions & Exemptions
When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent Continue reading Advance Payment Premium Tax Credit
Welcome, 2016! Welcome Tax Changes for 2016 as well! As the New Year rolls around, it’s always a sure bet that there will be changes to current tax law and 2016 is no different. From health savings accounts to retirement contributions and Continue reading Tax Changes for 2016 Checklist
Employers – Give your employees their copies of Form W-2 for 2015 by February 1, 2016. If an employee agreed to receive Form W-2 electronically, post it on a website accessible to the Continue reading February 2016 Tax Calendar
