Affordable Care Act Archives - John R. Dundon II, Enrolled Agent
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Affordable Care Act

18 May

Posted at 00:00h in Affordable Care Act, Business Expense, Corporation, Employee Business Expense, ObamaCare, SHOP, Small Business, Sub-chapter S, Tax Credit, Tax Deductible Expenses

Many business owners of all sizes have been posting to this blog lately with concerns about offering minimum essential health insurance coverage for their employees. It is indeed a complex topic full of both pitfalls and opportunities. When you drill down into the nuances of what it really...

23 Mar

Posted at 00:00h in 1095A, Affordable Care Act, Amended Tax Return, Medical Expenses, ObamaCare, Premium Tax Credit, Tax Guidance & Preparation, Tax Problems & Requests

I had a grEAt conversation with my friend Bob Kerr Friday. We talked about the Department of the Treasury expanding the relief it announced previously on February 24, which will mitigate any harm to tax filers in regards to filing Form 1095A under the Affordable...

13 Sep

Posted at 00:00h in Affordable Care Act, IRS Enforcement, Medical Expenses, ObamaCare, Tax Guidance & Preparation

US citizens are required to carry minimum essential health insurance coverage beginning January 1st 2014. This is also commonly referred to as the 'individual mandate' and some people are exempt from this individual mandate including: Members of recognized religious sects that are exempt from self-employment...

27 Aug

Posted at 00:00h in Affordable Care Act, Excise Tax, Health Care Tax Credit, Health Insurance, Paying Taxes, Penalty, Tax Guidance & Preparation, Tax Preparer, Tax Problems & Requests

The IRS released final regulations regarding minimum essential coverage maintenance required under the Affordable Care Act for individual taxpayers under IRC 5000A governing the shared responsibility payment. The document is 75 pages long and I'll be reviewing it over the next couple of days but I've pulled...

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