Jack from Ohio

That is a Section 125 plan and is still acceptable. The employer is reimbursing the employee. It counts as a group plan.

2013 all form updates included any customization. No issue. Not like 2012 and earlier.

Your observations only apply for tax year 2014.

2015, all insurers will send to all insured form 1095-B. If the insurance is provided by an employer with more than 100 employees, the employer will send form 1095-C to the employee as well. Anyone who purchases healthcare from the marketplace will receive form 1095-A. Penalties triple and thresholds rise. This is NOT hysteria and this information has been available for over 2 years. There were seminars at the IRS Nationwide Forum in 2013 about these items. Same for the IRS forums in 2014.

Customize Master forms. Mark the decline box.

Why file so soon? I wait till one week before the deadline. This allows time for error correction before submission preventing the need for W-2C. No benefit to "filing early." I do the same for 1099s.

How can you ask for abatement of penalties that have not been assessed? I agree with rfassett. Each return in its own envelope. Mail oldest first then the others waiting 2 weeks between. Then deal with penalties as they are assessed.

I have real tax returns to work on.....

If you apply SE, it IS self-employment income. What the client wants should never trump IRS regs. DANGER DANGER

Use Form C-EZ. Problem solved.

Get your crystal ball out and look it up!!

That is the difference between export/import and restore. Restoring from a backup file will eliminate that problem.

Yes it can. Most college financial aid departments are not aware of this either. The FAFSA cannot pull the transcript before it is ready, so the time frame is the same.

File an estimated FAFSA and tell the College to get real. The date of submission of finalized FAFSA has no effect on federal grants or student loans. Some colleges have college based scholarships and they demand (unrealistically) that the FAFSA be submitted early. Time for the transcript to be available last year ranged from 4-6 weeks. Colleges can pull that transcript with permission from the student. There is a release form they can sign. College financial aid departments are not known for having staff that are all properly informed or trained.

Windows Backup with a 2TB external drive. Additional cost $0.00. Even allows creation of a disk image file.

Training my clients. Next year the proof is the 1095-B. Simple as that.

Returns are starting to flow in here at the firm. We are asking clients to send proof of insurance coverage with a filled in questionnaire. I just spoke to an active military man that said they do not have an insurance card of any kind. The are all covered by Tri-Care and only have to show their military ID to the doctor. Anyone else that has a lot of military clients know if that truly is the case? Do all active military only go to military doctors? What could they send as proof that they were covered? I would like to be informed before the rest of our military clients send information or call us.

So we have to think now, instead of depending upon the software to check everything for us. THIS is a REMARKABLE idea!!!

We will see how that works for you... I have first hand knowledge that ATX pays 1% attention to our complaints about adding usability or increasing efficiency. Three years now, many have demanded 64 bit and the return of templates. I have no faith in them anymore. "We cannot dedicate resources for requests from a small demographic group of our customers." This is a quote.

I am interested in the process you propose to accomplish this?

Shareholders, box 1, front of 1040. Employees, boxes 1,3 & 5, schedule A.

Your client can only take self-employed health insurance deduction on the front of the 1040 if he is GREATER THAN 2% Shareholder. If he IS, then the added compensation is only added to box 1 of the W-2. If the client is NOT an greater than 2% shareholder, additional compensation is added to boxes 1,3 & 5. Schedule A is their only option for deduction.

I disagree. Cite your source...

You need to get some serious training about the ACA RIGHT NOW!