Tag Archives: subsidy

Feds Can’t Verify $2.8 Billion in Obamacare Subsidies | Washington Free Beacon The federal government cannot verify nearly $3 billion in subsidies distributed through Obamacare, putting significant taxpayer funding “at risk,” according to a new audit report. The Department of … Continue reading

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Obamacare and taxes: Full employment for H&R Block

H&R Block Out to Help Americans’ Resolve to Tax Preparation – Video – TheStreet. If you’re on Obamacare, and especially if you are receiving a subsidy or intend to claim it on your tax return, things just got complicated. No … Continue reading

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Flowchart: Obamacare Subsidy Verification Minefield

Obamacare subsidies, a Rube Goldberg machine – ACA Subsidy Verification Minefield | Infographics | American Action Forum.    

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Obamacare subsidy clawbacks commonplace

H&R Block analysis: Most ObamaCare customers paying back portion of subsidies | Fox News. Too much subsidy: An analysis by tax-preparer H&R Block found that to date, 52 percent of those who enrolled in Affordable Care Act coverage are paying … Continue reading

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IRS Waives Penalties for Late Payments Linked to Obamacare

Because it’s too complicated – IRS Waives Penalties for Late Payments Linked to Obamacare – Bloomberg. The U.S. Internal Revenue Service will waive some penalties for taxpayers who owe taxes because of Obamacare. The changes, announced Monday in Washington, apply … Continue reading

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People refusing Government Cheese

Americans Protest Obamacare by Refusing Health Insurance Subsidies – US News. She wanted to keep the catastrophic health insurance plan she once had, which she says fit her needs. But under the Affordable Care Act, the government’s health care reform … Continue reading

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Received a subsidy? Visit a tax preparation service

Latest Tax Season Headache? Obamacare – Bloomberg View. There’s been a lot of talk about the “hidden taxes” in the Affordable Care Act, but here’s one I hadn’t thought of before or seen mentioned anywhere: the sudden need for folks … Continue reading

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The Obamacare tax man cometh: Will you be ready?

The Obamacare tax man cometh: Will you be ready?. While more than 75 percent of filers are expected to have no problem complying with a new disclosure requirement, millions of others could face a time-consuming, complicated process to determine if … Continue reading

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Affordable Care Act Creates a Trickier Tax Season

Affordable Care Act Creates a Trickier Tax Season – WSJ. The law’s requirement that most Americans carry health insurance means all filers must indicate on federal tax forms whether they had coverage last year and got tax credits to help … Continue reading

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Taxapalooza

Liberty Tax Service Rings in 2015 Tax Season With Food, Festivities and Free ACA Advice – Yahoo Finance. Liberty Tax Service will ring in the 2015 tax season with Taxapalooza, a grand opening celebration on January 7 at more than … Continue reading

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Obamacare taxes & Penalites – The Rube Goldberg edition

New health care law complicates tax filing season for many in NC | National Politics | NewsObserver.com. NOTHING in this article is restricted to North Carolina, the problems and challenges described are NATIONWIDE issues. The purpose of subsidies is to … Continue reading

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Obamacare Subsidy: The IRS Violated The Law And State Sovereignty

The IRS Violated The Law And State Sovereignty – Forbes. What does the “Affordable” Care Act say regarding subsidies… The Affordable Care Act explicitly says that subsidies are available only “through an Exchange established by the State.” Thirty-six states defaulted … Continue reading

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Thanks Obamacare: 3 Tips for Filing Taxes

CMS (Center for Medicare and Medicaid Services) has come out with a helpful document titled: 3 Tips About Marketplace Coverage & Your Taxes The tips are: Watch your mail for Form 1095-A. It will help you file your 2014 federal … Continue reading

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Coming soon to subsidy receivers: A more intimate relationship with the IRS

Obamacare Unleashes IRS on Americans | Policy Paper | Senate Republican Policy Committee.         The Penalty: Early next year, the IRS will begin collecting revenue from Obamacare’s individual mandate tax penalty. Americans who fail to obtain insurance … Continue reading

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For tax preparers, PPACA may bring a paperwork feast

Obamacare WILL bring a paperwork feast – For tax preparers, PPACA may bring a paperwork feast | LifeHealthPro. Only the sun coming up tomorrow morning is more certain. At this point, Liberty Tax is predicting the PPACA form business will … Continue reading

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