Tax Tips & News: insurance

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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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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R&G Brenner Launches Insurance Division

1 minute read

Yasmin D. Brenner has been tapped to lead R&G Brenner’s newly created Insurance division.  The Affordable Care Act (ObamaCare) is now in effect, which means that every citizen must have health insurance which meets a minimum standard of coverage by March 31st, 2014 or be assessed a monetary penalty (this penalty can grow to over $2000 per family by 2016!).

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Married Same Sex Couples Can File Joint Tax Returns

3 minutes read

In a landmark ruling announced by the Obama administration, married same-sex couples shall be treated as any other legally married couple–at least in the eyes the Internal Revenue Service for tax purposes.  This announcement follows and is consistent with the recent Supreme Court ruling which struck down the constitutionality of The Defense of Marriage Act (DOMA) which only recognized “marriage” between that of a man and a woman.

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Health Insurance Reported On Form W-2

0 minute read

The following IRS Video explains the new area where Health Insurance coverage is to be reported on future W-2s.

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IRS Plans To Increase Audits Of Small Businesses

4 minutes read

The IRS recently announced that it plans to increase audits of small businesses in the hopes of closing a $450 Billion gap.  This announcement is interesting because it come on the heals of a recent report that most audits of small businesses turn up nothing.  The eight significant audit areas the IRS will be concentrating are:

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