The information on the 1095-A will be used to reconcile advance payments of the premium tax credit made on your behalf to your insurance provider.
ObamaCare says if a person did not obtain health coverage for himself, his spouse and dependent children, tax penalties will be inflicted beginning in 2014.
Tax planning needs to occur during the year in question in order to optimize your tax situation.
One thing to consider before deciding on what to do with your refund is to analyze your withholdings and/or estimated tax payment situation.
Your last pay stub includes the same information that would likely appear on your W2.
It doesn’t matter how often you hear the cries for tax simplification, taxpayers and preparers alike every year are introduced to new regulations, new complexity.
The bottom line, according to the IRS, is that e-file is much easier than doing your taxes by hand and mailing paper tax forms.
Topping the list of Dirty Dozen tax scams for 2015 list is a warning to watch out for unscrupulous tax practitioners promising outlandish refunds.
Accounting for business income and expenses has become streamlined.
If you provide your tax pro with well-organized, complete, and totaled data, your fee may be lower.