Are you ready for the new 2015 tax forms? As a result of the Affordable Care Act, you’ll be receiving, or may have already received, some new forms for the tax year 2015 related to health care reform measures. If you open your mailbox and don’t recognize the form inside as a familiar one, not to worry!
There are three new tax forms that are used as a “proof of insurance,” according to Jeff Reeves in USA Today, that are essentially designed to help taxpayers avoid paying a penalty for failure to be covered. However, these forms are reported on your 1040 return, so it’s important to understand which one you receive and why.Read More