The Internal Revenue Service says its Affordable Care Act Information Returns system—also known as AIR—will be unavailable over the weekend while maintenance is carried out.…
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Filing season starts in three days, and that means tax professionals around the country are collectively taking a deep breath before the plunge. While the future of the Affordable Care Act (ACA) remains uncertain, it – as of today – still affects tax preparation. So we’ve put together a few last-minute ACA updates to give you a head start.…
Generally, employer provisions of the Affordable Care Act say that an Applicable Large Employer (or ALE) has to offer affordable minimum essential coverage that provides minimum value to full-time…
Read more about ACA Refresher for Employers: Affordable Coverage vs. Minimum Value Coverage
Signed into law on March 23, 2010, the Patient Protection and Affordable Care Act (also known as the Affordable Care Act, ACA, or ObamaCare) has been in effect for long enough for most of the issues…
Read more about ACA Update: How it Will Affect Tax Professionals
Reconcile Premium Tax Credit Before October 15 Deadline for 2016 EligibilitySome of your clients who received advanced payment of their Premium Tax Credit may have received an IRS Letter 5591 or…
In July, August, and September, the IRS is hosting a series of ACA-related webinars focusing on businesses providing health coverage for employees. Below are the subjects and dates of the IRS webinars…
By a vote of 6-3, the United States Supreme Court (SCOTUS) upheld the Patient Privacy and Affordable Care Act (ACA), ruling that the intent of the law was to ensure nationwide health care coverage. …
Read more about Supreme Court Upholds Federal Subsidies For The ACA
At any time in the next 10 weeks – probably on a Monday or Thursday – the US Supreme Court will announce its decision in the case of King v. Burwell, the current challenge by opponents to the Patient…
On Wednesday, March 4, the US Supreme Court will hear oral arguments in the case of King v. Burwell, a challenge to the Patient Protection and Affordable Care Act (ACA). Unlike many of the cases to…
Read more about What the ACA Supreme Court Case Means To Tax Preparers
WASHINGTON – Senate Finance Committee Chairman Orrin Hatch (R-Utah) penned a letter pressing the Centers for Medicare and Medicaid Services (CMS) for information on an opt-out provision crafted to…
Read more about Press Release: Hatch Presses CMS on Opt-Out for Insurers on Federal Exchanges
