I need a reference report that provides the codes in the U.S. Tax Code that support each of the top ten Taxpayer Bill of Rights (TBOR) laws, listed in order. What steps can be taken to obtain this information?

July 30th, 2024

I need help regarding the ACA Health Insurance Premium Tax Credit. I currently make approximately $25K, which is the income I reported to the Maryland Health Exchange for both last year and this year. Last year, my Monthly Premium for coverage was $535.21, and I received a $447 tax credit, being responsible for the difference. This year, the premium is $518.30, and my tax credit is $283. My income stayed the same, but my monthly premium, my portion, went from $88.21 to $235.30. Does this look right to you? Seems like a big jump considering the numbers. Thanks much for your help!

September 2nd, 2024

I have a small business in Texas and buy my own health insurance, and I'm not eligible for any health insurance subsidy. My 20-year-old child is a half-time student, works for me as a contract worker, and makes about $20K in self-employed income. His school offers student health insurance for a monthly premium. Can and should he buy subsidized health insurance from the government marketplace? Are there any issues with claiming subsidies?

March 9th, 2024

I forgot to report a foreign gift of more than $100,000 that I received in 2019. I did not report it before April 15th this year. What can I do, and will I still get a penalty from the IRS due to late filing?

April 21st, 2023

I need assistance filling out Form 8962 for ObamaCare. I did not receive a letter from the IRS, and I am unsure how to proceed without completing this form. Did I receive Form 1095-A, and how do I obtain the necessary tax software to produce Form 8962?

November 9th, 2024