Tax Treatment of Mortgage Assistance Payments
We have received numerous questions related to the tax treatment of the mortgage assistance payments reported on Form 1098-MA, specifical...
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The Tax Professionals Blog · 446 articles
Form 1098 for 2016 Will Be a Game Changer
Form 1098, the Mortgage Interest Statement, is used to report to borrowers and the IRS any mortgage interest paid on home and other real ...
Read moreMedicaid Waiver Payments: A Double-Edged Sword
Background: As a means of reducing the government’s cost of caring for individuals who otherwise would be institutionalized (because the...
Read morePremium Tax Credit Interaction with Medicaid
We have had several questions posted related to PTC and its interaction with Medicaid. In virtually all of the cases, a spouse, child or...
Read morePrior Year Lotto Installments & Current Year Gambling Losses
An interesting question related to deducting gambling losses was posted on our tax forum. Preparer’s client won the lottery in 2014 and ...
Read moreObamacare Plans and HSAs
The question has arisen can an individual purchase health insurance through a government marketplace and also have an HSA?
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