FSS Newsletter - January 2015 

We want to invite you to view our newly designed firm website at www.fss-cpa.com. We have updated content and included many new features that we hope you find helpful.

The top 5 things to know about the new www.fss-cpa.com:

1. A place to track "where's my refund?".

2. Send us personal files safely through our SafeSend email tool.

3. Use our financial calculators to plan for retirement or for home and auto purchases.

4. Learn about all of the services our firm offers in addition to our tax services.

5. Stay up-to-date with the latest federal and state tax news.

2015 Tax Season Tip

Of special note this tax season are new tax forms you may receive that report your health care coverage for you and your family members for the 2014 tax year. Health insurance providers are not required to send some of these forms for 2014 due to temporarily relief granted by Congress. However, providers have been encouraged to adopt the reporting requirements and file the forms.

As a result, you may receive one of the following three forms:

1. Form 1095-A (required for the 2014 tax year) is for individuals who enroll in a Qualified Health Plan (QHP) through the Health Insurance Marketplace. You will receive this form if you received a premium tax credit (i.e. a health care subsidy).

2. Form 1095-B (not required for 2014) is for individuals who have non-marketplace coverage. This form is filed by your health insurance provider. The majority of taxpayers will receive this IRS form.

3. Form 1095-C (not required for 2014) is filed and provided by Applicable Large Employers (ALE) to their full-time employees in order to report the type of coverage provided as well as identification information for each employee and their dependents. Employees that work for an ALE will receive both a 1095-B and 1095-C.

These forms must be filed by your insurance provider by January 31, 2015.