ILLMAS

Read first: http://www.sibson.com/publications/HCRI/march2013HRAs.pdf Scenario Let's say Sue is covered individually by the market place, Sue's employer provided an HRA which is tax fee to her, however Sue is a healthy individual and did not have any medical expenses in 2014 or 2015. Questions 1. Can Sue use this HRA to cover her ACA premium? 2. What other benefits do you see to the employee besides it carrying over to the next year? (in Sue's case) Thanks MAS

That's correct, the "Affordable Care Act in the Real World" CPE training gives you a couple of examples of people that purchased health insurance through the market place, employer provided and no health insurance (how to calculate the penalty) or how to calculate premium assistance credit PAC. Recommended if you already have the theory but want some hands on training. MAS

From ATX: http://go.cchsfs.com/l/17842/2014-12-11/g3nmy

Allen vs U.S. http://fund-taxation.com/real-estate-investor-argument-continuing-travails-in-allen-v-u-s

Bobrow vs Commissioner http://www.h-jcpa.com/news-updates/2014/irs-reverses-long-standing-position-one-rollover-y/

Roj Carl Snellman vs IRS http://www.bizactions.com/showopp.cfm/spid/1005/art/2338/

http://www.aicpa.org/publications/taxadviser/2014/may/pages/clinic-story-01.aspx

deleted

1040NR (Rental Property) TP is behind two years filing his tax return (2012 & 2013), basically he has not filed by the due date (including extensions of time), what are the chances they will accept the election? Or should he just wait until he files his 2014 and make the election timely?

I wished some of you would of heard her talk at the IRS nationwide tax forum, she reminds me of the judge that sued the dry cleaners for $54M for losing his pants.

Well it's that easy number one, my recommendation is for him to search for a fill-in PFS online and use it when he needs it.

I really hate recommending Quickbooks online, it makes it harder for accountants to work on the online version, but if you are not going to touch it, I would say QB online would be good for them or even Quickens (don't know if they have an online version).

Do you mean like a write-up program or an accounting software that is cloud base?

Try this, this use to work for 2012, haven't tried in 2013: Highlight client/mark client, then go to return manager, return, scroll down to re-download forms for mark return.

Many labor attorneys are encouraging businesses to start following the non-discrimination rule even if it's not into affect.

I am holding off on installing it, I really don't see any use for it now, I would love to dive in the ACA forms like most

Scenario I Let's say a business had an group plan that was initiated before March 23, 2010 (grandfathered for ACA purpose) and in mid-year 2014, they decided to drop the plan and let each employee get insurance on their own. For accounting purposes, how would the first half of insurance expense be reported on the books? Scenario II Let's say a business had an group plan that was initiated after March 23, 2010 (not considered grandfathered for ACA purpose) and in mid-year 2014, they decided to drop the plan and let each employee get insurance on their own. For accounting purposes, how would the first half of insurance expense be reported on the books? In both scenario, the business has 10, 6 participate and the rest have insurance through their spouse.

I hope this helps you out, I have done some extensive research for one of my client: For a plan to be considered non-discriminatory with respect to eligibility, it must pass one of two numerical “coverage” tests. The two tests are: (1) 70% of all employees are covered under the plan, or (2) the plan covers at least 80% of eligible employees and 70% of all employees are eligible for coverage. If the employer fails either of the above tests, a plan will be considered as providing discriminatory benefits. Some employees can be excluded from the eligibility tests. They include: •Employees with less than three years of service at the beginning of the plan year; •Employees who are younger than age 25 at the beginning of the plan year; •Part-time or seasonal employees; •Employees who are covered under a collective bargaining agreement; and •Nonresident aliens who receive no income from a U.S. source.

Number one, your client does not fall under ACA, however he does have to follow PPACA as a result of ACA.

So there is no need to register then, just use the self selected PIN?

Go to return, duplicate return, then open the new return. Or try this: Instructions (Windows 7) 1. Close ATX 2013 2. Browse to the following location C:ProgramDataCCH Small Firm ServicesATX2013 3. Select the Assets folder and press Delete 4. Open ATX 2013 5. Update forms

For the past 7+ years I have had my payroll clients mail out the quarterly returns to the appropriate department, in 2015 I want to give ATX payroll efile a try, can someone who uses it let me how it works? Do you fill-in the form and just efile it every quarter? Or I use QB to prepare payroll, which one would be better to efile cleint's forms? Thanks

The IRS has finally put an ACA information center for Tax Pros; http://www.irs.gov/Tax-Professionals/ACA-Information-Center-for-Tax-Professionals

If you can deal at an agent level (preferably the same agent) do it, but if they ask you to mail to the general address, this could result in late filing penalties and it will take a lot of your time to resolve it. Are you billing your client for all this back and forth with the IRS?

Any business that has a professional license is exempt from this disclosure, CPA, attorneys, EA etc.... Big boxes have to follow the same procedure, the city does routine check up, I had a city inspector stop by my office this past season, first time he stopped by I was working out of the office, he was supposed to stop by following the day at a certain time and never showed up. He finally stopped by 3-4 weeks later to review my disclosure. The city imposed this ordinance to curb tax preparers that prey on senior citizens or businesses that charge a fee based on the refund. Our city also requires for you to have a city business license as a tax preparer service or if you have a general business license, they require for your to update your license and include tax preparer service, another fine if you don't.