Solutions to Make Better Decisions with Your Taxes and Money

New Affordable Care Act tax scam: what you need to know

Every year scam artists devise new schemes to defraud millions of people.  In recent years, it seems one of the most popular systems to target is the IRS. Unfortunately, fraudsters are at it once again – posing as the IRS in an attempt to steal taxpayers’ hard-earned money. To keep your bank account and private […]

12 Things Business Owners Need to Know about the ACA

If you have employees, you know that you may be required to provide health insurance for your employees or pay a fine under the Affordable Care Act (ACA). Providing health insurance coverage is just one facet of the ACA requirements you may have to meet. As the ACA becomes more fully implemented, additional reporting requirements […]

7 Life Events That Qualify You for Special Enrollment Period

Under the Affordable Care Act you can usually only buy a health insurance plan, apply for subsidies to help pay for coverage, or switch plans is during the annual open enrollment period. The purpose of this rule is to keep people from waiting until they are sick or they suspect they may be sick to […]

IRS Sets July 31 as Deadline to File 2014 Tax Returns for ACA Premium Tax Credit

The IRS has just announced some important information for taxpayers who filed an extension for the 2014 tax year. The deadline for filing your 2014 Federal return is October 15, 2015, but you may want to file sooner. If you purchased health insurance coverage through a government-sponsored health insurance marketplace and want to keep your […]

ACA Advance Premium Tax Credits Continue

On Thursday, June 25, 2015, the Supreme Court ruled in favor of tax subsidies for qualified taxpayers who purchase insurance through federally-run exchanges. In short, advance premium tax credits will continue. This is good news for millions of Americans who enrolled in health insurance through the federal marketplace and receive tax subsidies to help offset […]

What Are the Tax Subsidies for the Affordable Care Act?

One of the central objectives of the Patient Protection and Affordable Care Act — also known as the ACA or “Obamacare” — is to make health care coverage more affordable for millions of Americans who previously couldn’t get, or couldn’t pay for, health insurance. The ACA accomplishes this, in part, by offering tax subsidies to […]

11 Reasons You Won’t Have to Pay a Health Insurance Tax Penalty

It’s just about Super Bowl time, and the Oscars aren’t far behind, so maybe you’re making some bets in the office pool. (Of course we would never endorse illegal gambling!) You know, getting some skin in the game for a few bucks. While winning a fistful of cash would be nice, hopefully you won’t mind […]

How the Affordable Care Act May Impact Your 2014 Tax Return

The 2014 tax year brings some new changes, thanks to the Affordable Care Act, or ACA. You may need to answer more questions as you prepare your return, and you may have to pay more – or less – tax based on the provisions of the ACA. Here’s how the ACA may affect your 2014 […]

3 Reasons to Trade in Your COBRA Policy for an ACA Plan

Losing your job or making a career transition is stressful — and can knock you for a loop like a punch to the solar plexus. Then there’s the added pressure of securing health insurance until you land a new job, or a new employer’s coverage kicks in. In the past, many people avoided a gap […]