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Recent Health Insurance questions

This is a question about my 2016 Tax and including my mother

Hello, This is a question about my 2016 Tax and including my mother as a dependent. Can i ask that question?JA: The Accountant will know how to help. Please tell me more, so we can help you best.Customer: My mother lives with and I support her fully financially. In 2016 she got health insurance through Healthcare Marketplace and I paid for the premiums. She did not receive any credit from the govt. We received a 1095A. Can I include her as a dependent in my 2016 tax? Also, in 2017 she is getting subsidy for govt. for her health insurance and is expected to file a no income tax return next year. Can I still claim her as a dependent in 2016?JA: This sounds important. The accountant I'm going to connect you with is terrific and will definitely help you with this. Anything else we should know before I connect you?Customer: Not really

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TaxRobin

Vocational, Technical or Trade School

24,136 satisfied customers
My father recently passed away. He didn't update his policy

My father recently passed away. He didn't update his policy to make me the beneficiary. My uncle is the beneficiary. He received the check, but were curious if he signs it over to me if he'd be taxed on the transfer as a gift?JA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: No, just curious about that. If the life insurance check being signed over to someone else will result in the gift tax.

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Lev

Retired

Bachelor's Degree Equivalent

24,868 satisfied customers
No tax questions. This is personal advice. I returned to

No tax questions. This is personal advice. I returned to work after retiring and my husband was put a medicine with a $700.00 a month copay until we get in the catastrophic range. Our medical expenses are way over the percentage recommended. Our income is ok as long as I work but my own health is changing some. We have medicare; medicare supplements; and several life insurances which total up to too much for our budget. complicated problem Want to reduce some costs. Not sure how or if I shouldJA: The Accountant will know how to help. Is there anything else the Accountant should be aware of?Customer: Not that i know.

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
Regarding HSA contributions: I know that the minimum health

Regarding HSA contributions: I know that the minimum health insurance deductible needs to be $1,300 to allow one to contribute. My question is: how is this deductible verified by the IRS, or would they only pick this up if the tax payer is audited?

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Lev

Retired

Bachelor's Degree Equivalent

24,868 satisfied customers
I actually have a health insurance question and I couldn't

Hi, I actually have a health insurance question and I couldn't find a category for that. I was hoping that someone on here could help me. I have two insurances. My primary just sent me notification of a claim that was put in for a procedure that I had done. Normally my part of the payment is the amount allowed by the insurance provider minus what they paid. However, on this bill. the insurance notification says that I owe the disallowed portion as well. Unfortunately, they are close and I cannot get a answer. It is a significant amount. I would like to get someone's opinion on this. Could this be a mistake. Or are there times when the beneficiary is responsible for the amount disallowed by the insurance company.

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ABC Accounting Group

Bachelor's Degree

1,014 satisfied customers
I am electing to have my business taxed as an S corp this

I am electing to have my business taxed as an S corp this year, I am a llc now, I want to know what I need to do to my accounting records now that I will be an s corp. I've already set myself up with payroll, but what j/e do I make when I take a distribution and how much of distributions can I take?JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: thats all

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
I need help from a CPA and I live in Florida. My question is

I need help from a CPA and I live in Florida. My question is this: I have legally had my name and social security number for 45 years since i first married. I then remarried 5 years ago and never changed my name still but my health insurance is with my remarried husband's company and the 1095c did not issue with my legal last name but his last name. Will this error on this 1095c cause me an issue when we file our 2016 taxes with our CPA?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
In order to get health insurance with a lower premium

In order to get health insurance with a lower premium because of the tax credit, I would need to claim some of my saving as income for 2017. How would I claim this next year, theven saving is from money received when my father died two years ago. Or can I even claim saving as income.JA: The Accountant will know how to help. Is there anything else important you think the Accountant should know?Customer: No

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Lev

Retired

Bachelor's Degree Equivalent

24,868 satisfied customers
I am years old and visiting USA as a tourist. I started my

Hello, i am 69 years old and visiting USA as a tourist. I started my naturalization process but still in a tourist status. recently i had stomach pain, nausea, vomiting, and was taken to emergency. After tests they told me that i have a stomach cancer. I dont have insurance and wanted to ask you if there are any programs or hospitals that can help me.?

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Stephen G.

Sr Financial & Tax Consultant

Bachelor's Degree

10,430 satisfied customers
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