Today Marks Deadline To Enroll In Obamacare, Avoid Penalty
Today is the day. If you plan to participate in the healthcare exchanges under Obamacare, today is your last opportunity to enroll for 2014 – and avoid being subject to the penalty.
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Taxes From A To Z (2014): A is for Affordable Care Act
Taxes From A To Z (2014): A is for Affordable Care Act
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Florida Sports Bar Scores Controversy With Obamacare Surcharge On Meals
Would you pay more for food if the money was supposedly earmarked to pay health care premiums for employees? One franchise is putting that question to a test.
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Five Things You Need To Know About The Role Of Taxes In The Government Shutdown
We may have a deal to avoid a government collapse. But what was the fuss all about? And what role did taxes play in all of this? Here are five things you need to know about the role of taxes in the government shutdown…
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Health Care Insurance, Taxes & Form W-2
Notice anything different about your Form W-2? Take a look at Box 12. See anything that wasn’t there last year? The value of health care coverage provided by your employer is now reported in Box 12 with Code DD to identify the amount. The amount reported in the box should include both the portion paid…
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IRS Releases Proposed Regs for Health Care Law: Who’s Covered, Who’s Exempt, and What Happens If You Don’t Pay?
The IRS has finally released proposed regulations relating to the requirement to maintain minimum health care insurance coverage under the terms of the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010, as amended (“ACA”). Under the terms of ACA, there is a “shared responsibility to reform and…
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Millions More Taxpayers Subject To The Healthcare Penalty Tax
While Presidential hopeful Mitt Romney’s team scurries to deal with the fall out from his “entitlements” speech, President Barack Obama’s team is having their own “not how I’d hoped this would go” moment. The Obama campaign was dealt a serious blow on yesterday when the nonpartisan Congressional Budget Office (CBO) released a report indicating that…
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Guest Post: Affordable Care Act & Small Businesses
Submitted by RICHARD N. THOMPSON I am a small business owner. I am a sole practitioner. I feel I personally pay plenty in taxes. My employees don’t have benefits. They have jobs. I can’t afford to pay benefits. But I expect to pay more in employer taxes. I cannot imagine with the size of the…
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Guest Post: The Patient Protection & Affordable Care Act
Submitted by ORAYNAB MOHAMAD Although our elected leaders have agreed for years that health care reform is inevitable, they are either unwilling or unable to agree on a comprehensive bill. This gridlock has persisted after the passage of the Patient Protection and Affordable Care Act (PPACA) in 2010. Though the Supreme Court has ruled…
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Does Congress Understand Who Works In Small Businesses?
Last month, I went on vacation and I saw America. No, I didn’t do some month long cross country trip (though with three kids and a dog in the car, it felt a little longer than it actually was) – just a few hours up the road to Maine. Along the way, we opted not…