Starting this year, you may receive one or more forms providing information about the health care coverage that you had or were offered during 2015. Much like Form W-2 and Form 1099, which include information about the income you received, these forms provide information about your health care coverage that you may need when you file your individual income tax return.
Read more: New Health Care Information Forms Issued This Year
WASHINGTON - The Internal Revenue Service today reminded taxpayers that it issues 90 percent of refunds in less than 21 days. The best way to check the status of a refund is online through the "Where's my Refund?" tool at IRS.gov or via the IRS2Go phone app.
Read more: IRS Issues Nine out of 10 Refunds in less than 21 Days
At the risk of repeating information written more eloquently and clearly elsewhere, following are some of the top questions our clients have asked in relation to the Affordable Care Act (ACA).
In response to growing instances of identity theft, the IRS and US Justice Department will be implementing new computerized filters in an attempt to detect fraudulent refund requests before they are funded.
“$10 minimum credit card charge”
A sign that normally wouldn’t receive a second glance suddenly stopped me cold. I was on the way home from work, and had stopped at a small convenience store to pick up a gallon of milk. The milk cost less than $5. And this just happened to be a rare moment when my wallet contained no cash. I had plenty of buying power, with multiple credit cards, but no cash. Now what?