Obamacare

Joe Brusuelas, chief economist at RSM US, discusses in this video the three major trends that accountants and their clients should be paying attention to in 2017.

Tax Season Forecast

The first major act of the unified Republican government in 2017 will be a vote in Congress to begin tearing down the Affordable Care Act.

The Republicans are in a strong position to torpedo Obamacare – but not right away. In the meantime, you and your clients still need to comply.

The Senate passed legislation Wednesday eliminating a tax penalty on employers who reimburse employees for the cost of health insurance premiums, following passage of the measure last week in the House.

The IRS has extended the 2017 due date for employers and coverage providers to furnish information statements to individuals – but the due date for filing with the IRS has not been extended.

The Internal Revenue Service is extending the due dates for some information reporting requirements under the Affordable Care Act.

Wolters Kluwer Tax & Accounting has written a special post-election tax briefing on the tax law changes that could occur when Donald Trump takes office next year. The changes could be yuuge.

Earlier this week, I moderated an Accounting Today web seminar on Understanding Affordable Care Act Reporting: Year 2.

After the first reporting cycle for the Affordable Care Act, SyncStream has redesigned its suite of ACA compliance and reporting solutions.