Drake Software blog for tax pros, covering tax, IRS news, and more
Vitter will continue to push for a full vote on his No Washington Exemption legislationWednesday, December 10, 2014(Washington, D.C.) – The Senate Republican Conference accepted a rule proposed by…
Read more about Press Release: Republican Senators Vote to Treat Congress Equally Under Obamacare
You May be in for a Big Surprise!Consumers who avoided signing up for a qualified health care plan under the Affordable Care Act may be in for a rude surprise. It turns out that the widely-quoted $95…
Read more about ACA Basics – Tax Penalties Loom For Those Not Registered
Under some Circumstances, you won’t have to make the paymentMost people must have health coverage or pay a fee (also known as “the penalty,” the “individual shared responsibility payment,” or the…
Read more about ACA Basics – Fee Exemptions for Not Having Coverage
IRS Commissioner John Koskinen explains in this new video how the Affordable Care Act will affect you and your clients.Watch this and other videos on the IRS YouTube Channel. Source: Internal Revenue…
Read more about Affordable Care Act: IRS Commissioner Explains What to Expect at Tax Time
Does Your Customer’s Health Insurance Meet The Minimum Standards? The Affordable Care Act calls for individuals to have qualifying health insurance coverage for each month of the year, have an…
ACA Open Enrollment Ends March 31 In less than 10 days, the majority of Americans will be required to have a health insurance program that meets the requirements of the Patient Protection and…
White House delays health insurance mandate for medium-sized employers until 2016The Obama administration announced it would give medium-sized employers an extra year, until 2016, before they must…
Read more about White House delays health insurance mandate for medium-sized employers until 2016
Inspector General: ACA Will Pose Challenges for IRSThe Office of the Treasury Inspector General (TIGTA) has released a report indicating that when the IRS assumes responsibility for customer service…
Read more about Inspector General: ACA Will Pose Challenges for IRS
Expert Warns of ACA “Double Whammy” for Small BusinessDaniel Hood of Accounting Today reports on an expert warning small businesses that changes to the Affordable Care Act for 2016 could force…
Read more about Expert Warns of ACA “Double Whammy” for Small Business
IRS Releases Final Rule on Net Investment Income Tax Under the ACAThe IRS has released final regulations under section 1411 of the Internal Revenue Code to provide guidance on the general application…
Read more about IRS Releases Final Rule on Net Investment Income Tax Under the ACA
