Having the correct Tax Identification Number (TIN) is essential when filing W-2s, 1099s and ACA forms. The nine-digit number could be a Social Security Number (SSN), Employee Identification Number (EIN), Individual Taxpayer Identification Number (ITIN) or an Adoption Taxpayer Identification Numbe...
The federal health care law known as the Affordable Care Act requires all Americans to have health insurance. For tax years before 2019, if you don't have health insurance, you must get an exemption from the requirement to buy coverage, or wind up paying
Maximize your HSA tax benefits by filing Form 8889. This essential form allows you to deduct your contributions to a Health Savings Account (HSA) and report any distributions. By understanding how to fill out Form 8889, you can reduce your taxable income
Discover what a chartered accountant is, their roles, responsibilities, qualifications, and career path in the UK. Start your journey with BPP today.
Marketplace plans are by far the most cost-friendly because the ACA provides for subsidies in the form of premium tax credits as well as other savings. There are income requirements for qualifying for these breaks, however. Your income must be at least 100 percent of thefederal poverty...
Health Coverage Mandate: TCJA ended the individual mandate, a provision of the Affordable Care Act (ACA) that levied tax penalties for individuals who did not obtain health insurance coverage. Child Tax Credit: The law raised the child tax credit and created a nonrefundable credit for non-child...
Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.
Seek Professional Help.If you’re unsure about any aspect of ACA reporting, consult with an ACA reporting compliance expert or tax professional. Where Can You Go For More Information? IRS Website: The IRS website (irs.gov) is the primary source for official information on ACA reporting requir...
Alex Frayn, the former Chief Financial Officer of a fictitious company called D-Merton, tells the story of two turbulent years in the life of that company. He explains how D-Merton was brought to its knees by the actions of its executive directors, the lack of vigilance and courage by its...
Credit Karma review – free tax return! Share Tweet Share Ashley Jenkins Ashley is, first and foremost, a mom to an amazing young son and a wife. Ashley has started and sold a couple of small companies over the last many years, and now has decided to take some time off to spend time...