Tax Tips & News: ACA

Regardless Of “Trumpcare” Outcome, “Obamacare” Being Starved To Death

13 minutes read

At R&G Brenner, one of our cardinal rules is that we try to remain apolitical. Simply put, the acrimony and division exhibited these last few elections cycles has clearly increased in frequency & intensity. R&G Brenner services thousands of clients across all political spectrums, and it is simply not good business to potentially upset even one of our clients. However, when speaking about a subject like health care, it is impossible not to dive into politics; and this is really is the crux of...

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More Last Minute Tax Tips

7 minutes read

As the the clock approaches midnight on the 2015 tax season, many taxpayers still haven’t filed their tax return yet. While procrastination is common for many when it come to filing taxes, this year we are seeing a higher number of last minute filers. The winter was brutal on the east coast; extreme cold & snow produced more tax hibernators than in years past. Wage documents like W2s & 1099s were issued extremely late (And when they were finally issued, many were...

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The Affordable Care Act Includes a Tax on Medical Devices. Is That a Bad Thing?

4 minutes read

Were one to listen to the bipartisan rhetoric that has been whipped up in the House against the Affordable Care Act’s 2.3% excise tax on medical devices, it’s easy to see how a relatively small tax can be enough to scare a whole lot of people. Everything from the claims of company closures to the threat of over 43,000 American jobs being shipped overseas is being blamed on this tax, so finding the truth can take a bit of digging past the...

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“Worst Filing Season Ever” Predicted For Taxpayers

3 minutes read

IRS Commissioner John Koskinen recently suggested that the 2015 tax filing season could be misery for taxpayers and IRS employees alike. Between extensive wait times to speak to a representative, implemented laws that have not yet been reflected in the tax code and congressional gridlock, this may be the worst tax season on record.

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What To Do If You Missed The Obamacare Deadline

4 minutes read

The Affordable Care Act, also known as Obamacare, has been the law of the land since March 23, 2010. Under the provisions of the law, nearly every American is required to have an insurance plan on or before April 15, 2014 in order to avoid certain penalties mandated under the Act. After many separate repeal attempts and a lengthy court battle that resulted in a 5-4 Supreme Court decision upholding the law, more than 8 million...

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Understanding Obamacare’s Hardship Exemption

4 minutes read

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Understanding Obamacare: How The Affordable Care Act Will Affect Your Taxes

5 minutes read

Certain provisions of the Patient Protection and Affordable Care Act (PPACA) are set to take effect in 2014, some of which may have an impact on taxpayers. The PPACA, more colloquially known as “Obamacare,” is the new healthcare law that sets up either a state or government run health exchanges. Along with the change in healthcare accessibility comes a change in taxes.

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Biggest Tax Law Changes For 2014

5 minutes read

With the upcoming tax season already delayed, and many tax proposals still being debated in a contentious congress, Chad Fisher over at gobanking.com lists the 5 biggest changes for the 2014 tax season taxpayers can expect:

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