ACA surtaxes can refer to one of two new taxes created by the Affordable Care Act. 1) A 0.9% surtax on wages above $200,000 for a single person, and $250,000 for a married person, and 2) A 3,8% surtax on investment income for people whose income is above $200,000 if single and $250,000 if married.
Another April 15th has come and gone. What a year. If it wasn’t for health problems that required surgery in the middle of the season, I would actually say that this was a pretty good season. I was more efficient than ever this season. I got work done faster than ever — even with having to have […]
Do I Have to Have Form 1095-A Before I Can File? The short answer is: YES!
Here are the questions this tax preparer is asking clients about the ACA
Reading about the Affordable Care Act doesn’t make one an “ACA Specialist.”
Robert Flach at his “The Tax Professional” blog asks the following question regarding Affordable Care Act penalties assessed on tax returns against people who do not carry health insurance: What is our legal responsibility as tax preparers when it comes to calculating the new convoluted and potentially expensive Obamacare penalty for clients who are not […]