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Shamsey Oloko July 20, 2016 Employment Taxes, Income, Income Tax, Independent Contractor

Misconceptions And Truths About W-2s, 1099s, and 1095s

There are many misconceptions about IRS tax forms, especially W-2s, 1099s, and of course the new 1095 forms introduced by the Affordable Care Act. This blog will attempt to clarify the misconceptions and truths about these forms but first, some…

Shamsey Oloko February 15, 2016 Affordable Care Act

What Are 2016 Form 1095-B and Form 1095-C?

Form 1095-B Form 1095-B is a health insurance tax form which reports a taxpayer’s type of coverage, dependents covered by the insurance policy, and the period of coverage for the immediately prior year. This form is used to verify on…

Shamsey Oloko February 12, 2016 Affordable Care Act, Filing Status

2016 Affordable Care Act Changes For Individual Taxpayers

The Affordable Care Act (“ACA”) imposes the requirement that all Americans acquire health insurance that qualifies as “minimum essential coverage” under the Act. Otherwise, taxpayers may have to make a shared responsibility payment to the IRS when they file their…