Tag Archives: IRS

How to Determine if You Can Claim the Premium Tax Credit

1095A Health Insurance Marketplace IRS Form

Premium Tax Credit The premium tax credit is a credit for certain people who enroll, or whose family member enrolls, in a qualified health plan offered through a Marketplace. Claiming the premium tax credit may increase your refund or lower the amount of tax that you would otherwise owe. If you did not get advance credit payments in 2015, you can claim the full benefit of the premium tax credit that you are allowed when you file your tax return. You must file Form 8962 to claim the PTC on your tax return. You can take the PTC for 2015 if you meet all of these conditions. For at least one month of the year, all of the following were true: An individual in your tax family was enrolled in a qualified health plan offered through the Marketplace. The individual was not eligible for minimum essential coverage, other than coverage in the individual market. The portion of the enrollment premiums for the month for which you are responsible was paid by the due date of your tax return. To be an applicable taxpayer, you must meet all of the following requirements: For 2015, your household income is at least 100 …

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Free Tax Preparation: Ten Tips from the IRS

Tax Season 2016 Tavorro Jobs

2016 Tax Tips Each year, millions of people have their taxes prepared for free by IRS volunteers. The Volunteer Income Tax Assistance and Tax Counseling for the Elderly programs have helped people for more than 40 years. Here are 10 tips from the IRS about VITA and TCE: Trained and Certified. The IRS works with local community groups to train and certify VITA and TCE volunteers. VITA Program. For the most part, VITA offers free tax return preparation to people who earn $54,000 or less. TCE Program. TCE is mainly for people age 60 or older. The program focuses on tax issues unique to seniors. AARP participates in the TCE program through AARP Tax-Aide. Free E-file. VITA and TCE provide free electronic filing. E-filing is the safest, most accurate way to file your tax return. If you combine e-file with direct deposit, you can get your refund faster. Tax Benefits. Using VITA and TCE can help you get the tax benefits for which you are eligible. For example, you may qualify for the Earned Income Tax Credit or the Credit for the Elderly. You can also get help with the tax provisions of the Affordable Care Act. Bilingual Help. There are …

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Averaging Full-time and Full-time Equivalent Employees and Why it Matters

Americans Want to Work for CEOs Committed to Corporate Responsibility Tavorro Career Blog

For purposes of the Affordable Care Act, employers average their number of employees across the months in the year to see whether they will be an applicable large employer. This is important to do because two provisions of the health care law apply only to ALEs and are now in effect. These are the employer shared responsibility provision and the employer information reporting provision for offers of minimum essential coverage. In addition, self-insured ALEs – that is, employers who sponsor self-insured group health plans – have additional provider information reporting requirements.

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Ten Great Ways to Use IRS.GOV

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2016 Tax Tips No matter when you need tax help or information, start by visiting IRS.gov. A variety of tools and services are only a click away.  Here are ten great ways to use IRS.gov: Get Answers to Your Tax Questions. The Interactive Tax Assistant covers many common tax topics. Type in your question or search terms, and it can lead you step-by-step to the answer. Or, try the IRS Tax Map. It gives you a list of tax law subjects to review. It combines tax topics, forms, instructions and publications into one research tool. Get Forms and Publications. View, download and print federal tax forms and publications anytime. Approximately 100 IRS publications will be available for download in ePub format this year. Use IRS Free File. If you need to file your tax return, you can file a federal tax return for free using IRS Free File. If you earned $62,000 or less, you can prepare and e-file your taxes using free brand-name tax software. If you e-file your tax return, you don’t need to prepare or mail any paper forms to the IRS. Get Information on the Affordable Care Act. Find out how to:  Report health care coverage, …

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