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More Tax Season complications ahead…
As has been the case for decades, our rulers in DC can’t resist the temptation to make everything more complicated. Tax pros who worry about losing clients to do it your-selfers, it’s just the...
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ObamaCare Info CheckList
Similar to the info and documentation we have to get from clients claiming the EITC, NATP has produced this three and a half page checklist for info we need to get for the ObamaCare credit and penalty.
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Paying Voluntary ObamaCare Penalty?
White House Seeks to Limit Health Law’s Tax Troubles Millions to owe Obamacare tax penalty Considering how easily anyone can claim an exemption from the penalty for not having proper health insurance...
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GIGO – ObamaCare Style
Dealing with all of the new forms and other info we need to report on tax returns is confusing enough with accurate data. It makes things worse when the source documents are screwed up, as seems to be...
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Sickening Tax Season
Luckily, we haven’t yet had any tax returns that involved the new ObamaCare 1095 tax forms. I had taken some webinars over the past several months on how to deal with them; but those all assumed that...
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Does ObamaCare forbid extensions?
With all of the discussion over the past few years about what a steaming pile of crap the 2,200 page ObamaCare legislation is, I had never heard of it denying anyone the ability to file for an...
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Last Minute Tax Season Warnings
IRS deadline extended for ObamaCare customers sent the wrong tax form – As I explained earlier, IRS is encouraging people who may have incorrect ObamaCare info to file for an extension (Form 4868)...
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Let the finger-pointing begin…
IRS chief: Blame rotten customer service and data hacks on Obamacare
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No ObamaCare Penalty On 2016 1040s
Trump has done what the Supreme Court refused to do and wiped out the penalty for not having health insurance. It appears to be effective for the 2016 1040s that we are currently in the process of...
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