I understand that Affordable Care is requiring lots of new tax reporting. Last year we had to report all health insurance premiums paid. What else will we need to be getting from our clients this year? Will we need to help them select insurance in Oct?
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Tax Professional Answers
John Dundon, II EA
Well that is a loaded question, I suggest starting by first checking out the newly released IRS Publication 5093 found here -> www.irs.gov/pub/irs-pdf/p5093.pdf as this has proven to be very helpful for me.
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559 weeks ago