Speaking to City of San Bernardino About Tax Implications of Affortable Care Act/Covered CAlifornia

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ACA, Tax Penalty, tax refund

Yesterday, I attended an event by Covered California where some top officials flew in from Sacramento to have a discussion about Covered California and current updates, concerns, tips for the last month of open enrollment. It really bothered me when they mention there was over 700 registered agents in the area that was notified about […]

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If I got premium tax credits, do I have to file a tax return?

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Uncategorized

Yes, if you got premium tax credits for 2014, you have to file a federal tax return.  Even if you have never filed before, starting in 2014 if you got tax credits you have to file a tax return. Your premium tax credits are based on the income you report to the IRS.  When you applied for health insurance through […]

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How do I know if I already got premium tax credits?

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Uncategorized

Lots of people may not realize they got premium tax credits.  If you applied when you enrolled, you don’t actually “get” the tax credit every month.  The IRS pays your premium tax credit directly to your health insurance plan.  Your monthly premium costs are lower as a result. The only way to get premium tax credits is to buy from Covered […]

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Understanding How The Affordable Care Act Will Affect Your 2014 Tax Return

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ACA

It’s hard to believe that the tax return filing season is just a couple of weeks away.  While some of our clients are unable to complete their return until later in the year, others are ready to “get it done” as soon as possible.  Regardless of which group you find yourself in, it’s very important […]

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Employer-Provided Health Benefits – Section 105 Healthcare Reimbursement Plans

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Large Employers, ObamaCare, Small Business

Employer-provided health benefits are changing in America, especially for small businesses. Group healthcare costs continue to rise. Annual premiums for group policies have increased over 180 percent in the last 15 years, with the average coverage cost per family expected to reach $20,000 by 2016. As such, many employers have stopped providing group healthcare policies […]

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