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.

Tax Filing Deadline Approaching 2014 - Healthcare

#getEnrolled                                                                                                  March 19, 2014



Taxpayers, I feel for you. I know who you are, the ones who have been avoiding the taxes, or you are still gathering stuff up for the accountant. Some of you have already decided to file an extension, and you are just trying to earn some extra cash so you can put a dent in what you owe. 

In less than a month, your tax return is due, and you are pretty sure you will have to pay in again, or for the first time. Make sure you get the best tax advice, and don't be chincy when it comes to professional tax help. Just because someone is a CPA, or Bookkeeper or Enrolled Agent, if they are not focused on your case, or not well trained, they can mess you up. Find someone with a good reputation with the IRS and you will be assured to be taken care of. 

To further drive you to madness, a new deadline approaches...Open Enrollment for "Obamacare" is about to expire. Many in your tax brackets will not be concerned with any tax changes regarding the Affordable Care Act on your 2013 tax year. Most of you have been paying thousands of dollars per year in Insurance Premiums most of your working life. I can hazard to guess that unless you demanded to keep your insurance company who is not in compliance out of stubbornness most taxpayers should be glad to see total annual premiums and out-of-pocket expenses dropping.

Since you are stressed out beyond belief here is a word from Get Covered America

Okay. Now that you are feeling a little better: 

If you think you may have some 2013 costs or changes associated with the Healthcare law you can get help from the IRS Website. In today's announced "HCTT - 2014-10: What do I need to know about the Healthcare Law for my 2013 Tax Return?", there are links to find more information regarding the ACA and the affect it will have on your return.

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Copied from http://content.govdelivery.com/accounts/USIRS/bulletins/aba082?reqfrom=share (IRS 03.19.2014)

...However, for some people, a few provisions may affect your 2013 tax return, such as increases in the itemized medical deduction threshold, the additional Medicare tax and the net investment income tax.
Here are some additional tips:
Filing Requirement: If you do not have a tax filing requirement, you do not need to file a 2013 federal tax return to establish eligibility or qualify for financial assistance, including advance payments of the premium tax credit to purchase health insurance coverage through a Health Insurance Marketplace. Learn more at HealthCare.gov.
W-2 Reporting of Employer Coverage: The value of health care coverage reported by your employer in box 12 and identified by Code DD on your Form W-2 is not taxable. Learn more.
Information available about other tax provisions in the health care law: More information is available on IRS.gov regarding the following tax provisions: Premium Rebate for Medical Loss Ratio, Health Flexible Spending Arrangements, and Health Saving Accounts.
More InformationFind out more tax-related provisions of the health care law at IRS.gov/aca.
Find out more about the Health Insurance Marketplace at HealthCare.gov.
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It is important that taxpayers learn the facts about the Healthcare Law / ACA / or Obamacare. It is helping a majority of Americans, but many are missing out due to politics, lies and bad information. 

Please look into the benefits of having affordable health care. 

Stay well, and be healthy.







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Lesson 1

January 15, 2009 is approaching quickly.

The first two weeks of the new year is when the IRS opens its doors [electronic] to tax payers; (workers who have a portion of their earnings removed from a paycheck). All payers have chance to pay in more taxes, or receive an Income Tax Refund for over payment of taxes.

People have little information about how the Tax Code is applied. Most citizens don't have a clue as to why their Bottom Line is what it is. Mostly, it is that "deer caught in the headlights" phenomenon that happens when a tax expert speaks to a regular person.

The goal is to break it down to where anyone can understand how to file their taxes; or get the legitimate Tax Help needed.

Dept of Treasury - $

IRS
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Congress l Executive Branch Judicial Branch
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State Can Veto - (Say No)
Reps -- or,
I Pass
People
[Voters - Taxpayers]

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