Jack from Ohio

All employees regardless of company size. Very simple... Any monies paid to employees for health insurance that is not an employer sponsored plans, must be added to gross income and is subject to SS and Medicare. Plain and simple. It cannot be added as pretax. The latest regs are clear. Sole Prop, Partnership, S-Corp, C-Corp are all the same

Seemed to correct itself for me at about 5:00 or so.

IE 11

Seems to have been corrected.

Spoken by someone who is clueless. This is the same as the following" Customer at car repair shop: "When I turn on the A/C, I hear a grinding noise." Technician at car repair shop: "Best solution is not to turn on the A/C. Very simple... Any monies paid to employees for health insurance that is not an employer sponsored plans, must be added to gross income and is subject to SS and Medicare. Plain and simple. It cannot be added as pretax. The latest regs are clear. Sole Prop, Partnership, S-Corp, C-Corp are all the same.

Having the same issues here. Some of my replies won't post either. Eric mentioned some possible issues with the server company he is currently using. Maybe it is related.

It is taxable in boxes 1, 3 & 5. Employee can then deduct premiums on Sched A. Employee could also purchase HDHP insurance and establish an HSA for the tax benefits. Any money paid to the employee in lieu of the company providing insurance must be included on the W-2 as taxable income. This is effective starting Jan. 1, 2014. We are 10 1/2 months into this law change.

Yes

Most of the solid information I received came from the IRS Nationwide Tax Forums 2013 & 2014. Classes were done by IRS people in those departments. Money well spent, for me anyway.

Total repeal is a fairy tale. The idea of total repeal has been touted in political circles as "what the country really needs." While I agree with that premise, there is a snowballs chance in Hades that it will be totally repealed. This was made to be reality with the outcome of the 2012 elections. If you are planning your training based on the idea that you may not need to deal with it, it is time for a reality check. ACA will be a part of our lives for at least 10 more years. This, again, as a result of the 2012 elections. Maybe I take the definition of "tax professional" to have a different definition than most. I have been answering ACA questions from my clients for over a year. I can feel confident that I am giving correct answers. Rant over!

They escape the employer mandate for providing insurance. The escape the mandate for providing1095-C if they do provide insurance. No. Not "rules as always." Employees are still under the rules that require them to have insurance. If not, then the "Shared Responsibility" tax is imposed. I can see that there is a huge amount of non-information in the tax professional world. Am I the only one that was proactive and came up to speed in the previous 2 years?

Any payment made to an employee in lieu of health insurance must be considered Box 1, 3 & 5 taxable income. The employee may deduct premiums he pays on Sch. A. These payments do NOT nor CANNOT be considered as healthcare insurance provided by the employer.

Now thru Nov 21st- continue efiling individual returns for 2013, 2012, and 2011 tax years o when IRS opens 1040 efile in 2015, returns for 2014, 2013, and 2012 can be sent. No official start date for efile has been announced. · Now thru Dec 23rd – continue efiling business returns for 2013, 2012, and 2011 tax years o when IRS opens business efile in 2015, returns for 2014, 2013, and 2012 can be sent. · Nov 21st- 1040 efile ends o EFC stops sending 1040 efiles to IRS at 6pm Friday Nov 21st to allow ample time for state return processing and ack retrieval. o IRS shuts down individual efile at noon Saturday Nov 22nd and we will continue requesting acks until noon. o Acks not received by the ERO will become available again when efile opens in 2015 FINALLY!!!

You are correct. That is what I meant, but typed a short version. Thank you for catching that Gail.

Any payment made to an employee in lieu of health insurance must be considered Box 1, 3 & 5 taxable income. The employee may deduct premiums he pays on Sch. A. These payments do NOT nor CANNOT be considered as healthcare insurance provided by the employer. Phone and car allowance must be treated the same, and any expenses the employee incurs above those amounts go on 2106.

Most likely, Pennsylvania, like many other states, will not accept e-filed returns after October 15. Paper file and don't worry about the error.

I am adept at scrolling and not clicking on things I am not interested in. It is a long term developed skill.

He is not located in NYC or any surrounding suburbs.

I used to question why I continue to live in Ohio due to all the crazy taxation that takes place here. But, the more I get involved with NY tax returns and all the associated unbelievable number and size of the taxes there, I count my blessings.

Does the State of NY honor Federal extension for S-Corps or is there a requirement for a specific extension form?

Where do you find these clients?? Shady is not a strong enough word for his ideas.

I once had my insurance license. This idea is absurd.

It is really of no consequence. They have stated that they will not repair, change or alter and previous year's software, rather focusing on making the upcoming software better. Any issues that are inherent in 2013 right now, will not be changed. This was started with 2012. 2012 still has major issues that are a pain in the backside. So, what support are they willing to provide for prior years currently? More management doublespeak. With the wording of the contract, they are not going to supply prior year support no matter what.

Forcing us all to take the trash they are pushing.... I look for it to be extended.

Creative wording to strike fear in your heart. I don't believe they can stop support for software you have already purchased. If that is true, it confirms many things I have not wanted to believe, but keep nagging in my mind.