Showing posts with label Health Coverage Tax Credit. Show all posts
Showing posts with label Health Coverage Tax Credit. Show all posts

Wednesday, July 16, 2014

HCTT-2014-14 -- IRS.gov has information about the health care law and its effect on your taxes

HCTT-2014-14 -- IRS.gov has information about the health care law and its effect on your taxes

U.S. Taxpayers are frequently being given erroneous or completely untrue information regarding the Affordable Care Act (ObamaCare), and taxes. 

As of March 31, 2014, taxpayers who lived in States with expanded Medicaid were required to have insurance, or register for Health Care. 

It is sad and unfortunate that in many of the States, even where Medicaid was expanded, there are daily untruths, and propaganda being aired on News Stations, and Newspapers. Most of this is being paid for by Teabagger GOP, and propagated by Republicans who continue to act as if they lie long enough, it will become everyone's truth.

Come tax time, 2015 - when the filing for 2014 tax returns, the individuals and families who are going to get a rude awakening, will not have their GOP representatives to pay their fines for not complying with the law. It is my personal opinion (not shared by my employer or any other party in my area), that those who continue to lie, who are causing Americans to pass up benefits that they are entitled to, should be sued in a very large way. It is criminal enterprise, to brainwash people to give up those things that are in their best interest. 

Individual Shared Responsibility - Overview - IRS - YouTube

For those who are wanting to get to the fact of the matter, the IRS has several links to help taxpayers sort it out. There is a whole page dedicated to the ACA (ObamaCare) Tax Rules and Instructions at http://www.irs.gov/uac/Affordable-Care-Act-Tax-Provisions-Home another shorter resource is the IRS-pdf p5093 http://www.irs.gov/pub/irs-pdf/p5093.pdf.

Some Good News for those who may have missed Open Enrollment due to any number of reasons, if you have had a "Change of Life" Experience, ie; Lost a Job, Got Married, Widowed, Increase or decrease in income, you will be allowed to Enroll in the ACA plan(s) available in your State. [If that State expanded Medicaid]. Here is the link to the Health Insurance Market Place: https://www.healthcare.gov/

The thing I will never understand about the TeaBagger movement is how billionaires convinced basically poverty ridden populations to be activists for them??????? This is what I consider shooting off your nose to spite your face. It doesn't make sense, and it is a no win situation. 

Please enroll for Healthcare if you have not, and you are able to enroll due to changes in circumstances. Don't get your tax information from the News Media. Go to the I.R.S. website or an Enrolled Agent or higher for real tax advice.

Monday, September 6, 2010

Tax Tips For Small Business, Small Tax-Exempt, TAA and PBGC Recipients.



(link)Small Tax-Exempt Have until October 15th! One Time Offer If your tax-exempt or non-profit has not filed this simple informational form with the IRS, you stand a chance of losing your status. This is a One Time offer by the IRS, to help you get what is needed done for compliance.



(LINK) e-postcard - FORM 990 - Organizational - Don't lose your status.


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(link) Health Coverage Tax Credit Program - TAA or PBGC Recipients Eligible


(link) IRS - HCTC: Health Coverage Tax Credit - June 2010



(link) What the HCTC is... = Health Coverage Tax Credit


(link) HCTC: Eligibility & Benefits - Monthly & Annually - How it Works

        


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(link) IRS - YouTube - Sm Business Tax Credit 2010 - April 2010, As a Small Employer, or Tax-Exempt Group -  (less than 25 employees) that pays at least HALF of employees health Insurance premiums for your employees. For profit, will get up to a 35% credit. [Small Business General Tax Credit].


 For tax exempt employers, the IRS will give you more information on how to claim an up to 25% credit of premiums paid for your staff. 


(link) IRS - YouTube - Sign Language of Small Business Tax Credit



Small Business Tax Credit - More Explanation by the IRS - YouTube - Starting 2010 Through 2013

(link) Phasing In & Out of Employer Contribution to Employees Health Care Premiums
by Cook, Martin, Poulson

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(link) Health Care Choices You May Make in 2011 - HSA


This is a Hub I wrote regarding a lot of hype and untruth meant to scare individuals into not taking advantage of the changes in how Health Care Plans will be charged and managed. There are links to the new website


 (LINK) WWW. HEALTHCARE . GOV - find your State and General Information