Chronicles of Tax Advisors
In this case, our client provided us with a document from the Health Insurance Marketplace that was incorrectly prepared. When we first saw the document, we were not sure about its accuracy, especially when the Affordable Care Act is new to the tax preparation arena. Thus, we reached out to our sister company Insurance Advisors LLC for help. With the client’s permission, our insurance agent was able to go to the market place and determine the correct information for the marketplace form. As a result, the new numbers yielded a tax savings of over $2,800. The client was so thankful that we knew where to go to regarding the Affordable Care Act and the confusing insurance market place.
Todd Ancona, EA
Licensed to practice before the Internal Revenue Service
An Enrolled Agent (EA) is a federal authorized tax practitioner who has technical expertise in the field of taxation and who is empowered by the U.S. Department of Treasury to represent taxpayers before all administrative levels of the Internal Revenue Service for audit, collections and appeals.