Reasonable cause is based on objective facts and circumstances. What constitutes "reasonable cause" under code section 6651 to avoid penalties for failure to file an...
Posted by The TaxAdvocate Group, LLC on 04/06/2021
The employer shared responsibility requirements under the Patient Protection and Accessibility of Care Act (PPACA or ACA) include the employer's mandate - paid or play- and the...
Posted by James Financial Services Inc on 02/17/2021
Marriage planning is an important event that many dream of, but one element is often overlooked during the preparation process: taxes. If you are planning that special event and haven't...
Posted by McCool's Tax Service on 01/31/2021
Many people are so keen on not allowing Uncle Sam to get a penny of their money through taxes and engage in certain practices to achieve their goals. One such method is the frivolous...
Posted by Unifirst Financial & Tax Consultants on 01/30/2021
April 15 is normally U.S. Tax Day, which is when personal income tax returns are due with the IRS unless that day is a weekend or statutory holiday. When this is the case, the due...
Posted by CORE PERFORMANCE on 12/19/2020
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
