IRS Notice 2016-04, Extends the Due Dates for the 2015 Information Reporting Requirements
Notice 2016-04 extends the due dates for the 2015 information reporting requirements, both furnishing to individuals and filing with the Internal Revenue Service (Service), for insurers, self-insuring employers, and certain other providers of minimum essential coverage under I.R.C. § 6055, and the information reporting requirements for applicable large employers under I.R.C. § 6056. This Notice also provides guidance to individuals who, as a result of these extensions, might not receive a Form 1095-B or Form 1095-C until March 31st, 2016.
IRS Detects Massive Data Breach in 'Get Transcript' Application
The Internal Revenue Service warned of a huge data breach of its online Get Transcript application that allowed the tax returns of approximately 104,000 taxpayers to be accessed by identity thieves.
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We are now partnered with Constant Contact
AAOATP and Constant Contact have teamed up to offer AAOATP members substantial discounts on Constant Contact marketing tools.
Constant Contact, the leading provider of email marketing tools, helps you stay in touch with customers, sell more, grow your customer base, and increase your bottom line. Your new easy-to-use marketing tools help you communicate effectively, frequently, and safely. The result? More repeat business and referrals! READ MORE »
Taxpayers Can Invest up to $18,000 in 401(k) Plans in 2015
The Internal Revenue Service posted the annual cost of living adjustments for pension plans and other retirement plans for 2015, allowing taxpayers to contribute up to $18,000 in their 401(k) plans in 2015. READ MORE »
IRS Issues New Instructions for the Affordable Care Act
The Internal Revenue Service has issued new draft instructions, notices and a publication to help taxpayers and tax practitioners deal with the Affordable Care Act.
The draft instructions were released last week for Form 8962, “Premium Tax Credit,” and Form 8965, “Health Coverage Exemptions.” The IRS had previously released draft versions of the forms themselves, both 8962 and 8965, along with draft instructions for several other draft forms for the Affordable Care Act. READ MORE »