Tag: 2016

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The Affordable Care Act (ACA) removed obstacles that prevented some people from buying health insurance but not everyone has signed up, and not everyone who did sign up kept their coverage. Because of that, millions will owe the individual shared responsibility payment, better known as the Obamacare penalty or ACA penalty, when they file taxes. Who pays the…

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Tax Refund May be Delayed, But at Least You’ll Get It Last year’s income tax season was marked by an explosion of refund theft. Will this year be any different? Increased protections may cut down on fraud but will likely draw out the wait for your money. Changes will be visible when you use tax…

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The 2016 tax season is starting off badly for the Internal Revenue Service The agency on Tuesday said hackers last month used malware to automatically generate E-file personal identification numbers that could help them steal tax refunds. The attack involved 464,000 Social Security numbers that had already been stolen, of which 101,000 were used to…

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Did you have any problems filing your 1095A forms? We have had users saying that they downloaded their 1095-A form online and filed it with their taxes. And the IRS is reporting different numbers on the forms then what they have in the system. And now they have errors and their tax returns are being…

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Why Did the IRS Take The Online “Get Transcript” Tool Away From Tax Payers in 2016? IRS Suspension of Online Transcripts is going to be the biggest change to this tax filing season. For the past few years, taxpayers have relied on being able to go online and pull their Personal Tax Account Transcripts. In…

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Things can get a little overwhelming towards the end of January. You begin to see everyone able to file their taxes. You’re still waiting for your W-2. You know you’re getting a refund and you want to file your return, but it’s something you can’t do until you receive your annual wage statements.(W-2’s). 2018 In…

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Taxpayers have both good news and bad news coming their way in 2018. First, the bad: Getting some refunds this year might take slightly longer than in prior years. So, what’s the silver lining? There may be less fraud than in the past, thanks to new strategies put into play by tax preparers, states and…

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The 2016 tax filing season will open on January 19, the IRS said Monday. That’s the day the agency will start accepting 2015 federal tax returns — both those filed electronically and on paper. If you’re one of those hyper-early types and you’re working with a tax preparation firm or tax prep software, you can…

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