The individual mandate, officially referred to as shared liability insurance, requires virtually all U.S. citizens and legal residents to have health insurance.It is part of the Affordable...
Posted by BEST FINANCIAL GROUP LTD on 10/15/2020
While the separate filing of tax is a good idea and comes with its advantages, filing jointly brings about significant tax breaks in addition to being a simple method. We compiled...
Posted by Carmen Garcia on 08/24/2020
Carrying minimum essential health insurance coverage has a requirement that came with an increasing penalty each year. This started since the ACA was implemented in 2014.As an additional...
Posted by BEST FINANCIAL GROUP LTD on 08/23/2019
Penalty abatement or penalty relief requests are taken by the IRS on a case to case basis. If this is not your first time applying for penalty abatement, the IRS will generally ask...
Posted by Unifirst Financial & Tax Consultants on 08/17/2018
A letter from the IRS is rarely a good thing. One of the worst missives to get from the tax man is the CP90 – Final Notice Before Levy. It is a final warning shot to scare...
Posted by Kohari & Gonzalez PLLC on 12/29/2018
What exactly is a marriage penalty? Marriage penalty is an increased burden or else pressure on a married couple as compared to the time when they were single. In the united states...
Posted by Fletcher Accounting and Tax Service Inc. on 11/30/2018
Due to the 2015-32 revenue procedure, only 401K late applicants via Form 5500-EZ received automatic exemption from IRS registration fees under 6652 (e) and 6692 of the Internal Revenue...
Posted by JG Tax and Financial Services on 02/27/2020
The government encourages everyone to save money for their retirement. Tax breaks such as the Retirement Savings Contribution Credit and penalties for early distributions from retirement...
Posted by CONTINENTAL TAX AND ACCOUNTING SERVICES on 02/14/2020
Lost amid the perplexity of the federal government shutdown this year was another arrangement of punishments the IRS started to issue as a component of the office's progressing...
Posted by John Pournaras Agency on 08/28/2019
