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Time really does change our perceptions, doesn't it. Remember the first time you used a computer to prepare a ta return instead of ink on a preprinted form? Remember "overlays"? Or did you hold out long enough to skip the overlays?

Sit down with your accountant or tax preparer and he will be able to give you a better answer.

It is working fine now. Not sure what happened, but it was not good for a couple of days. Tom Hollister, CA

Each person that is insured will receive a 1095-B from the insurer, regardless of where they get the coverage or who pays for it. It will show the dates of coverage and other information. Very similar to the MA 1099-HC. It will also include information about the amounts of any subsidy the taxpayer receives. Employers that provide health coverage for their employees will send a 1095-C form to each employee showing how much is paid by the employer and how much is paid by the employee. There will be 2 additional forms needed for every Federal return. One will be used to calculate any subsidy to see if the correct amount was received. This could cause an additional refund amount or additional tax, depending upon the numbers entered when the person signed up through the exchange compared to the actual numbers on the tax return. The second will be to calculate any penalty for not having insurance for the adequate amount of months and to calculate if employer provided insurance is "affordable" by the ACA standards. I am instituting another increase in my fees. I have spent 16 hours of training time on the ACA alone in the last 12 months and expect at least that much this coming summer and fall. As preparers, we are also be held accountable for the accuracy of information on these two forms. My increase will be totally "blamed" on the ACA and the requirements I must meet to properly document and report this information on the 2014 tax return. I am expecting a good year for 2014 because there is no way the "DIY" tax programs or "Freefile" can ask the proper questions nor vette out the answers given. Much confusion means greater demand for my knowledge and services.

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