IRS Extends Due Dates for 1095’s

This week the IRS extended the due dates for new health care information reporting forms in 2016. Insurers, self-insuring employers, other coverage providers, and applicable large employers now have additional time to provide health coverage information for 2015 to individual taxpayers and the IRS. The IRS is prepared to accept filings of the information returns beginning in January 2016. However, providers and certain employers must now furnish individuals with either Form 1095-B or 1095-C by March 31, 2016. While the due dates for issuers filing these forms and the associated Form 1094 with the IRS are May 31, 2016, for paper filers and June 30, 2016, for electronic filers, employers and other coverage providers are encouraged to furnish statements and file the information returns as soon as they are ready.  

    • ue to these extensions, some individual taxpayers may not receive a Form 1095-B or Form 1095-C by the time they are ready to file their 2015 tax returns. 
    • While these forms may assist in preparing a return, they are not required. 
    • Like last year, taxpayers can prepare and file their returns using other information about their health insurance.  
    • Individuals do not have to wait for their Forms 1095-B or 1095-C to file.

The IRS has not extended the due dates for Health Insurance Marketplaces to issue Form 1095-A. Individuals who enrolled for coverage through the Marketplace should receive Form 1095-A by Feb. 1, 2016, and should wait to file their returns until they receive Form 1095-A.

The IRS has posted a set of questions and answers that introduce the new Forms 1095-B and 1095-C. The questions and answers explain who should expect to receive the forms, how they can be used, and how to file with or without the forms.

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Press Release – FAA Announces Small UAS (Drone) Registration Rule

The U.S. Department of Transportation‘s Federal Aviation Administration (FAA) today announced a streamlined and user-friendly web-based aircraft registration process for owners of small unmanned aircraft (UAS) weighing more than 0.55 pounds (250 grams) and less than 55 pounds (approx. 25 kilograms) including payloads such as on-board cameras.

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Registration is a statutory requirement that applies to all aircraft.  Under this rule, any owner of a small UAS who has previously operated an unmanned aircraft exclusively as a model aircraft prior to December 21, 2015, must register no later than February 19, 2016. Owners of any other UAS purchased for use as a model aircraft after December 21, 2015 must register before the first flight outdoors. Owners may use either the paper-based process or the new streamlined, web-based system.  Owners using the new streamlined web-based system must be at least 13 years old to register.

Owners may register through a web-based system at www.faa.gov/uas/registration

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Intuit to sell off Quicken, Demandforce, QuickBase – Fortune

In August, 2015, Intuit  announced that Quicken (both for the Macintosh and for Windows) is going to be sold to 

another developer:

http://tidbits.com/article/15882

http://fortune.com/2015/08/20/intuit-quicken-sale-turbotax/

Quicken, a pioneer in desktop accounting software, was once Intuit’s core product. It came out in 1984 and even beat out Microsoft’s competitor, Microsoft Money, which was also introduced in the 1980s.

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Intuit will retain TurboTax, among other software products.

Still no word on which developer that will be:

https://qlc.intuit.com/announcements/1208584

 

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