Archives: July 2014

IRS Releases Draft Tax Forms on Health Care

Thursday the IRS released drafts of the forms employers and individuals will use to report on health coverage for 2014.   The forms begin to answer questions we've had about how the federal government will reconcile an individual's estimated 2014 income and Advance Premium Tax Credit eligibility.  The forms also begin to address the issue of reporting on employer sponsored health coverage.  Many questions remain, and...

Obamacare Tax Credit Fraud

The Ways and Means Committee has been reviewing the federal health exchange and they're uncovering some disturbing problems, including the ability of people to fraudulently sign up for tax credits.  While the report in this article does not specify issues with Covered California (California's health exchange), it is, in our opinion, highly likely that California is experiencing the same issues. Link to Article on Ways...