Qualified Joint Venture on a Schedule C A taxpayer and spouse may elect to report the business income from an unincorporated business on their Schedule C as a joint venture...
Limited Liability Company – LLC A Limited Liability Company (LLC) is a business entity organized in the United States under state law. Generally, this form...
FAQ on Affordable Health Care Affordable Care Act – Overview What is the Affordable Care Act? The Patient Protection and Affordable Care Act (ACA) was...
Health Coverage Exemptions Overview For the 2018 tax year and prior, most taxpayers must have minimum essential health coverage or pay the Shared Responsibility...
Marketplace-Granted Coverage Exemptions Beginning with the 2019 tax year (for which tax returns are filed in early 2020), the Shared Responsibility Payment or...
Filing and Income Threshold Exemptions Beginning with the 2019 tax year (for which tax returns are filed in early 2020), the Shared Responsibility Payment or...
What is the Shared Responsibility Payment for 2018 and 2019? Under the Affordable Care Act, sometimes referred to as Obamacare, taxpayers are required to pay a “shared responsibility payment” if...
How to Enter – When Not Everyone on the Return Has Coverage or an Exemption Beginning with the 2019 tax year (for which tax returns are filed in early 2020), the Shared Responsibility Payment or...
Coverage Exemption – Unaffordable Beginning with the 2019 tax year (for which tax returns are filed in early 2020), the Shared Responsibility Payment or...
Coverage Exemption – Short Term Coverage Gap Beginning with the 2019 tax year (for which tax returns are filed in early 2020), the Shared Responsibility Payment or...