The draft proposals to repeal the Affordable Care Act released by House Republicans evening would make many tax changes if enacted. Here’s a look at their impact on the tax code.
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Specialized Issues
Some individuals mistakenly received the advance premium tax credit
Health care exchanges failed to properly verify the identity and eligibility of all individuals who received the advance premium tax credit, the Treasury Inspector General for Tax Administration reported.
Current Developments in Taxation of Individuals
A number of recent significant developments affect
taxation of individuals.
Failure to report health coverage will not cause tax return rejection
The IRS issued guidance on how it will treat individual income tax returns that do not indicate whether the taxpayers had health insurance coverage.
Recourse vs. Nonrecourse Indebtedness: Implications for Disregarded Entities Under Sec. 108
This item explores the underlying federal income tax issues that accompany disregarded entities acting as
borrowers in lending transactions.
Changes to the 2017 CPA Exam: An Opportunity to Further Students’ Professional Success
The new exam will increase emphasis on the higher levels of Bloom’s Taxonomy, such as analysis and application, and reduce emphasis on remembering and understanding.
Working With Today’s Students
This column features ideas to help tax professors engage students in new ways, without sacrificing tax content.
The ABCs of Form 1095
Understanding forms 1095-A and 1095-B can help in preparing clients’ individual income tax
returns and fulfilling their professional due-diligence responsibilities.
Chapter 7 and Chapter 11 Bankruptcy: Tax Considerations
This item discusses the common tax issues encountered in Chapter 7 and Chapter 11 bankruptcy cases.
The Client Tax Letter Project: Client Communication for Tax Professionals
Tax classes should teach students not only to navigate the Code but also to communicate their findings effectively through internal memos and client communications.
Health Savings Account Limits for 2017 Are Issued
The IRS issued the inflation-adjusted figures for the annual contribution limits for health savings accounts and the minimum deductible amounts and maximum out-of-pocket expense amounts for high-deductible plans.
Using Excel in the Classroom: Performing a Multilevel Tax Analysis of an S Corporation Conversion
Developing students’ ability to employ Microsoft Excel is essential to their future career success.
IRS Releases 2017 Health Savings Account Limits
The IRS issued the inflation-adjusted figures for calendar year 2017 for the annual contribution limits for health savings accounts.
IRS Explains the Reinstated Sec. 35 Health Coverage Tax Credit
IRS issued a notice to explain how the recently reinstated Sec. 35 health coverage tax credit applies for 2014 and 2015.
What Individuals Need to Know About the Affordable Care Act for 2016
This article summarizes the significant items in the Patient Protection and Affordable Care Act that affect individuals this filing season.
The Use of Online Quizzes in an Introductory Tax Course
Use of online quizzes has helped improve performance on exams.
Proposed Regulations Govern Innocent Spouse Relief
The IRS proposed more detailed rules governing innocent spouse relief under Sec. 6015.
Guidance Explains the Reinstated Sec. 35 Health Coverage Tax Credit for 2014 and 2015
The law now allows taxpayers who receive coverage from a health insurance exchange to claim the Sec. 35 credit through 2015, but prohibits it after 2015.
Proposed Regulations Provide More Detailed Rules Governing Innocent Spouse Relief
Among the changes are expanded rules on when the requesting spouse can be relieved of liability for penalties and interest.
Flipping the Tax Classroom for a Better Student Learning Experience
Students’ verbal and written communication skills require improvement.
INDIVIDUALS
Current Developments in Taxation of Individuals: Part 1
This update surveys recent federal tax developments involving individuals, including court cases, rulings, and guidance issued during the six months ending October 2025.
