California Health Insurance Mandate for Tax Year 2020

While it’s true the Federal government did away with the #HealthInsuranceMandate, California kept the show rolling with the California #HealthCareMandate effective tax year 2020. Beginning January 1, 2020, all California residents must either:(1) Have qualifying health insurance coverage, or (2) Obtain an exemption from the requirement to have coverage, or (3) Pay a penalty when […]

2016 Tax Season Begins!

Hello Clients and Friends The 2016 Tax Season officially begins on January 19. I will officially begin working with clients on Friday, January 22nd. You may start sending your documents over at any time.   In Addition To Your Normal Documents, Please Make Sure You Send: The attached questionnaire. Click here to download 2015 Client […]

2015 Affordable Care Act Open Enrollment Starts November 1st

Open Enrollment Period for Affordable Care Act insurance plans is November 1, 2015 – January 31, 2016. In ObamaCare TAX TALK here are some things you should expect to be different on your  2015 income tax return: The fee (penalty) for not having health coverage in 2016 will be the higher of these two amounts: […]

How the Affordable Care Act Impacts Your Taxes

The 2014 tax year will look very similar to past years; but 2015 is when you’ll see the changes.  You may: pay more taxes (especially for high income earners – ie those above $200,000/year) See forms and receive notices from the IRS that you’ve never seen before Receive tax forms from your health insurance company […]