In an effort to help educate both businesses and individuals about the Affordable Health Care Act tax implications, the IRS has created a website at www.irs.gov/aca. There is a great deal of information on the site which focuses on the tax ramifications for individuals and families, employers and other types of organizations.
The site provides recent news about the Affordable Care Act, links to electronic flyers about ACA provisions as well as links to other important sites for additional information such as the Department of Health and Human Services, Small Business Administration Healthcare and Department of Labor.
There is some great information about what will be happening in 2013 including open enrollment and filing requirements and it also provides information about what will need to be considered in 2014 and later years. It also will help employers to know if they are impacted by the ACA and whether they may be eligible for the Small Business Health Care Tax Credit.
Take a look at the site and give us a call with any questions you may have 916-576-7050.