Tax & Accounting Blog

New Forms for Affordable Care Act and Data Entry Tips

New Forms for Affordable Care Act and Data Entry Tips

New Affordable Care Act Forms Forms 1095-B and 1095-C are now required for 2015. Form 1095-B—Reports information to the IRS and taxpayers about individuals who have minimum essential coverage and are therefore not liable for the individual shared responsibility payment. Form 1095-C—Reports information to the IRS and employees about individuals with minimum essential coverage under … Read More

Streamlined Input Screens for the Affordable Care Act

Streamlined Input Screens for the Affordable Care Act

The process for entering health care data for the Affordable Care Act has been streamlined in 2015 UltraTax/1040. Health Care Folder The Health Care folder keeps the new ACA-related input screens (described below) in one location, making it easier for you to find and access the information you need. Coverage—Health Care coverage exemption information reported … Read More