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What will the Affordable Care Act mean to you at tax time? Individual taxpayers will notice they’re asked for some additional information on their tax returns this year because the law requires you to confirm that you have health insurance. You may also receive a new kind of tax document—Form 1095-A—if anyone in your family

If your company has fewer than 50 full-time employees and you have a healthcare arrangement, that reimburses them for their medical insurance premiums, the Internal Revenue Service has provided some significant relief from a large excise tax that applies to health plans that don’t comply with Affordable Care Act provisions. However, it’s important to be

Do you receive your health insurance coverage through the government’s Health Insurance Marketplace? Many who do also qualify for a premium tax credit, which those with moderate incomes can use to help pay for coverage. You can choose to get the credit immediately or to receive it as a refund later when you file your

Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies trade properties, may be carried out without any immediate tax consequences.   They must satisfy IRS rules, however, which include:   The properties must have the same “nature or character,” as set forth in IRS

You may have heard that there are new rules on estate taxes as a result of the new tax law enacted in early 2013.  Effective Jan. 1, 2013, the top tax rate on estates rose to 40% from 35%, but no tax will be imposed on the first $5.25 million of an estate (adjusted for

Normally, when companies sell properties, they must pay taxes on any gain they receive. Like-kind exchanges, transactions in which companies trade properties, may be carried out without any immediate tax consequences.   They must satisfy IRS rules, however, which include:   The properties must have the same “nature or character,” as set forth in IRS

You may have heard that there are new rules on estate taxes as a result of the new tax law enacted in early 2013.  Effective Jan. 1, 2013, the top tax rate on estates rose to 40% from 35%, but no tax will be imposed on the first $5.25 million of an estate (adjusted for

The phone rings. The caller says they are from the Internal Revenue Service and they claim you owe taxes and must submit payment through a wire transfer or prepaid debit card. Or you receive an email supposedly from the IRS asking you to share your bank account, credit card or Social Security number.  What should

You may find a little less in your tax refund this year if you are subject to the new 3.8% net investment income tax that went into effect at the beginning of 2013. It applies to married couples filing jointly with modified adjusted gross income (MAGI) over $250,000 and single people with MAGI above $200,000

Paying taxes may never be fun, but it has just become a little easier since the launch of the new IRS Direct Pay system, which allows you to pay your individual federal income taxes or make estimated tax payments online. No fee or pre-registration is required, and the system provides instant confirmation that your payment