On December 20, 2019, President Trump signed into law, two appropriations bills that extended government funding while also dealing with several of the tax extender provisions and repealing some Obamacare taxes. The most broadly applicable tax law changes in the bills are in connection to the tax extenders provisions. The bills reinstate many of the Read More…
Starting in 2014, all individuals and their dependents had to be covered by health insurance, or be subject to a shared responsibility penalty. Starting in 2015, all employers who have over 50 full-time or full-time equivalent employees must offer all their full-time employees and their dependents “Minimal Essential Coverage” (MEC) with a minimum value and Read More…
Previously we detailed provisions of the Affordable Care Act that came into effect for 2014 for individuals, families, and small businesses. We’d now like to detail provisions of the Affordable Care Act that will come into effect for 2015 and 2016 for “large” businesses. Starting in January 2015, “applicable large employers” (ALE) must report their Read More…
There are certain provisions of the Affordable Care Act (universal health care) that came into effect for 2014. These provisions affect individuals, families, and small businesses. Starting in 2014, each individual must have either minimum essential health insurance coverage (in each month of the year), have a coverage exemption, or make a “shared responsibility” payment Read More…
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