Obamacare

The Service has updated HealthCare Tax Tip 2015-85 to clarify the revised reporting dates and make the dates in this tip consistent with the dates in Notice 2016-4.

Reporting for employer shared responsibility under the Affordable Care Act starts in January 2016

(Bloomberg) The U.S. Treasury and Internal Revenue Service said they are extending some Affordable Care Act reporting deadlines to help companies meet the requirements.

The Affordable Care Act will continue to provide new surprises for tax preparers and taxpayers for the foreseeable future.

A set of delays on Obamacare-related taxes in the new federal spending bill will give corporate earnings a modest boost but are unlikely to undo the law or produce significant changes in the health-care industry.

Open enrollment is the annual time period where employees enroll in a health insurance policy that they feel best fits their needs for the following year.

The National Society of Accountants is offering some year-end tax tips for businesses, courtesy of Wolters Kluwer Tax & Accounting US.

The National Society of Accountants has released some suggested year-end tax tips for individuals, courtesy of Wolters Kluwer Tax & Accounting US.

The Internal Revenue Service is making yearly adjustments to W-2 and 1099 forms, while adding brand new 1095 forms related to the Affordable Care Act to the list of required forms for filers this year.

It’s never too late in the year for you and your clients to get ready for next tax season.

Crowe Horwath LLP has issued a year-end tax-planning guide with information on income tax deductions, investments, retirement and estate planning and tax rates, along with what to do about the uncertain state of the tax extenders legislation in Congress.

AccountantsWorld CEO Dr. Chandra Bhansali is warning about the tax season crunch that many accountants will be facing in a few months when their clients come in to not only do their taxes, but also close the books on their small businesses, while getting help complying with the Affordable Care Act.

Earlier this week, Accounting Today hosted a Web seminar on Understanding Affordable Care Act Reporting.

Presidential candidate Sen. Bernie Sanders, I-Vt., along with Sen. Sherrod Brown, D-Ohio, and seven of their Democratic colleagues in the Senate, have introduced legislation to repeal a tax on so-called “Cadillac” health plans.

The Internal Revenue Service needs to improve the accuracy of how it decides which fees health insurance providers are supposed to pay each year under the Affordable Care Act, according to a new government report.

The new ACA Information Center page on IRS.gov features information and resources for employers of all sizes on how the health-care law may affect them.

A new bipartisan effort to cancel Obamacare’s so-called Cadillac tax, the 40 percent levy on high-cost health insurance plans, adds a wrinkle to an impending fight in Congress.

The Internal Revenue Service has issued a notice advising taxpayers that the Treasury Department and the IRS intend to propose regulations providing that health insurance issuers must report coverage in catastrophic health insurance plans.

The Internal Revenue Service says employers can now do a trial run of their electronic form filing for reporting requirements under the Affordable Care Act, giving nervous employers and their benefit advisers a way to test for readiness in advance of the reporting deadlines.

The Internal Revenue Service did not finish testing a centralized data repository of health insurance coverage with federal and state exchanges in time for last tax season, according to a new government report.