Obamacare

The King v Burwell decision by the Supreme Court, while leaving the status quo unchanged, nevertheless has elicited statements ranging from seasoned analysis to partisan diatribes on both sides of the issue that was litigated.

The Supreme Court, in a 6-3 decision, has upheld the tax subsidies under the Patient Protection and Affordable Care Act.

The Supreme Court of the United States is expected to rule by the end of June on the latest challenge to the Affordable Care Act in the case of King v. Burwell.

Since its passage in 2010 with a number of deferred tax provisions, the Affordable Care Act has been a fertile source for new items of tax interest almost every year.

The House voted Thursday to repeal the medical device tax that was included in the Affordable Care Act.

The Centers for Medicare and Medicaid Services’ internal controls did not effectively ensure the accuracy of nearly $2.8 billion in financial assistance payments to insurance companies under the Affordable Care Act during the first four months that the payments were made, according to a new government report.

If the Supreme Court issues a ruling later this month that financial subsidies on the federal health care exchange are legal in King v. Burwell, it would be time to shift the conversation about the Affordable Care Act and focus on substance, the secretary of the Department of Health and Human Services said Thursday.

The House introduced legislation that aims to make it easier for individuals, employers, states and the federal government to determine who is eligible for premium tax credits under the Affordable Care Act.

The Internal Revenue Service did not receive much of the information it needed early this tax season from health insurance exchanges to verify taxpayers’ qualifications to claim tax credits to subsidize buying health coverage, according to a new report.

Chris Rush of ADP describes some of the latest products and services that ADP is offering for accountants, in an interview with Accounting Today editor-in-chief Dan Hood.

Chris Rush of ADP discusses the changing demographics, technology and regulation in the accounting profession and how firm leaders can deal with succession planning, recruitment, retention, cloud computing, and the Affordable Care Act, in an interview with Accounting Today editor-in-chief Dan Hood.

The head of a Senate investigative subcommittee said he plans to look into problems with the health insurance marketplaces set up for the Affordable Care Act that forced many taxpayers to owe some of the tax credit money they had received for buying health insurance.

Greatland is adding year-end reporting for the Affordable Care Act to its W-2 and 1099 reporting software, Yearli.

It is “silly” for Republicans to put together a response to the Supreme Court’s expected June ruling on the legality of subsides in the federal health care exchange, the health policy director at the CATO Institute, which helped launch the lawsuit, said Monday.

Delays in employer and insurer reporting of health insurance information have reduced the IRS’s ability to determine whether taxpayers and their dependents have basic health insurance as required under the Affordable Care Act’s individual mandate, according to a new government report.

Jackson Hewitt Tax Service reported the best results it has seen in over five years this tax season, in contrast with competing tax prep chains H&R Block and Liberty Tax.

The Internal Revenue Service has released the inflation-adjusted deduction limitations for annual contributions to health savings accounts in 2016.

The Internal Revenue Service needs to do better at ensuring that health insurance policy issuers and self-insured plan sponsors pay a fee required under the Affordable Care Act known as the Patient-Centered Outcomes Research fee, according to a new government report.

Senior financial professionals polled by the Institute of Management Accountants reported little impact on their hiring plans as a result of the Affordable Care Act.

H&R Block said Monday that two-thirds of tax filers among its client base who received health insurance coverage under the Affordable Care Act via the state or federal insurance marketplaces had to pay back an average of $729 of the Advance Premium Tax Credit, cutting their potential refund by nearly one-third.