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FORM 1095-B Community Tax

Form 1095-B: Health Coverage. In 2010, former President Barack Obama signed the Affordable Care Act (ACA) into law, essentially making it a requirement for every American to secure some form of health insurance. If you neglected to meet the minimum requirements for health insurance coverage as dictated by the ACA, you would face a tax penalty at the federal level.

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FORM 1095 Community Tax

WebCommunity Tax has helped over 44,000 clients with their tax issues, and resolved over $250 million in tax liabilities. Reach out to us today at (999) 676-4319 for a free consultation. …

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Are Medical Expenses Tax Deductible

WebIt’s not a myth that America has some of the most expensive health care coverage in the world. Researchers from Johns Hopkins Bloomberg School of Public …

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FORM 1095-A Community Tax

WebForm 1095-A, Health Insurance Marketplace Statement is a tax document that refers to a health insurance plan bought through the “Marketplace.”. The Marketplace is an online …

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Disability Tax Credit: Who is Eligible for Disability Deductions

WebThe Credit for the Elderly or Disabled is a tax credit for candidates who are: Aged 65 or older; or. Retired on permanent and total disability and received taxable …

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Form 1040EZ: What is it

WebForm 1040EZ. Finally, Form 1040EZ is known by its acronym: the “easy.”. It is the simplest option for individual taxpayers filing their federal returns, and it is also the fastest way to …

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FORM 8962: Premium Tax Credit Community Tax

WebOnce you receive your estimate, you can decide how much of your premium tax credit you want to send directly to your insurance company to cover your monthly premium. Should …

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FORM 8889: Instructions & Information Community Tax

WebForm 8889 Instructions—Part II. This section of tax Form 8889 assesses your distributions and verifies whether it was spent properly. Line 15 determines how much was spent on …

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California Taxes: A Guide to the California State Tax Rates

WebCalifornia State Income Tax. California’s state income tax rates have a large range, from 1% to 12.3%. Another 1% surcharge, the mental health services tax, is …

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Community Tax Community Tax

WebBy entering your phone number and clicking the “Get Started” button, you provide your electronic signature and consent for Community Tax LLC or its service providers to …

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Form 1040A: Instructions & Information Community Tax

WebFORM 1040A. Form 1040A is a simplified version of the standard 1040 income tax form that you file with the IRS to report your annual earnings and calculate federal taxes. Because …

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Form 5329: Instructions & Exception Information Community Tax

WebFORM 5329. If you are under 59-year-old and have a retirement plan or education savings account (ESA), you need to file Form 5329. This form is called “Additional Taxes on …

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FORM 940 Community Tax

WebIRS Form 940 is a form used by employers to record and remit the Federal Unemployment Tax Act (FUTA) tax when they pay more than $1,500 of wages to employees during a …

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Tax Deductions: List of 27 Tax Write Offs You Need to Know

WebThe standard deduction as of 2020 is: Single: $12,400. Married filing jointly: $24,800. Married filing separately: $12,400. Head of Household: $18,650. Opting to take …

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How Much Should I Offer In Compromise to the IRS

WebYour Offer in Compromise will take your tax liability from $50,000 to $9,800. Scenario #2. You’re a single taxpayer with no dependents and a tax obligations of …

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FORM 540: California Resident Income Tax Return Community Tax

WebForm 540 EZ is a simple version of Form 540 that you can fill out if you meet certain criteria. Your filing status is single, married/RDP filing jointly, head of household, or qualifying …

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FORM 8965 Community Tax

WebA Form 8965 exemption means that you’re excused from the individual mandate—the part of the law that requires you to have health insurance. As a result, you won’t be required to …

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FORM 433-F Community Tax

WebWe’ll file the IRS Form 433-F on your behalf, so you can sit back and rest easy knowing you’re on your way to clearing your name from the IRS’ radar and making progress …

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IRS Form 1099-LTC Help Community Tax

WebThe form is primarily used so that your insurance company or payer can notify the IRS that they made long-term care or awarded you accelerated death benefits. …

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