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New Healthcare laws and 2014 tax laws

The healthcare overhaul, which establishes a new federal income-tax penalties for those who fail to obtain what it deems minimum essential healthcare coverage. In 2014, it was the introductory year for the penalties, which can be owed for the months when qualifying health coverage was not in force.  In IRS talk, the penalties are known as “shared responsibility payments.” You do not have worry about penalties if you and members of your family, (if applicable) had qualifying coverage for all of 201. In this case, you would check the box one line 61 of Form...
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