affordable care act | Tax Pro Center

What Your Expat Clients Should Know About ACA and Tax Reform

January 10, 2019 January 11, 2019 / Stephen Wright, CPA

With the passage of the Affordable Care Act (ACA), individuals are given “shared responsibility” to improve the quality of health care coverage in the United States. Beginning in 2014, individuals must have qualifying health care coverage for each month, qualify...

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Tax Law and News

What Does the Affordable Care Act Have to do With Tax Reform?

June 14, 2018 / Mike D'Avolio, CPA, JD

The Tax Cuts and Jobs Act is the largest piece of tax reform legislation in 30 years and was signed into law Dec. 22, 2017. Although most of the legislation applies to tax year 2018, clients are already asking their tax...

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Tax Law and News

The Year of Patience for Tax Professionals

March 20, 2018 / Jackie Meyer, CPA, CTC

When Albert Einstein said taxes are the hardest thing in the world (circa 1950), he hadn’t even seen the Tax Cuts & Jobs Act. This is the year of patience, my friends, and the more proactive you are about communicating...

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Tax Law and News

21st Century Cures Act Relieves Small Business Health Care Burden

December 19, 2016 October 19, 2017 / Intuit ProConnect Team

On Dec. 13, 2016, President Obama signed into law the 21st Century Cures Act. Title 18 of the law exempts qualified small employer health reimbursement arrangements (HRAs) from group health plan requirements. This eliminates the severe penalties the IRS placed...

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Tax Law and News

ACA and Employers: How Workforce Size Affects Responsibilities

November 28, 2016 / Mike D'Avolio, CPA, JD

It is the third year for reporting for the Affordable Care Act (ACA), and many new business owners may be wondering if there are any actions they need to take to ensure their business and employees are in compliance. Here’s...

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Tax Law and News

Tax Help in Other Languages is a Click Away

October 13, 2016 October 16, 2017 / Intuit ProConnect Team

Helping your clients understand taxes is a challenge, especially when English isn’t their primary language. However, help is on its way. The IRS provides many free products and services in Spanish and other languages on IRS.gov, and here are some...

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Tax Law and News

Enrolling in ACA Workplace Coverage can be Costly, but can be an Avoidable Tax Hit to Employees

August 26, 2016 / Mike D'Avolio, CPA, JD

At the time they are hired, employers should remind their employees to adjust their income with the Healthcare Marketplace if they are retaining their Affordable Care Act coverage. Also, marketplace premium assistance should be turned off when employees are enrolling...

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Tax Law and News

Online Tools to Estimate Credits and Payments Related to the Affordable Care Act

June 23, 2016 July 31, 2016 / Intuit ProConnect Team

Pretty girl undergoing medical examination at the oculists

The Taxpayer Advocate Service has several tools available to help you and your clients estimate credits and payments related to the Affordable Care Act. This new article from the IRS, issued in early June, includes tools for employers and individuals....

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Tax Law and News

Tax Year 2016 Changes Related to the Affordable Care Act

June 1, 2016 September 28, 2016 / Mike D'Avolio, CPA, JD

Female surgeon with male colleagues during break in the corridor

Tax year 2016 is shaping up to be another busy year for tax professionals across the country; keeping up to date with the latest Affordable Care Act (ACA) changes is instrumental in servicing your clients the best way possible. As...

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Tax Law and News

What You Need to Know When Your Clients Have Children

May 13, 2016 October 19, 2017 / T. Steel Rose, CPA, CPA Magazine

According to the U.S. Department of Agriculture, in a study conducted in 2013 (the most recent year the study was conducted), it cost a middle-income family $245,340 to raise a child up to age 18. When your clients announce the...

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