Norvell and Associates Certified Public Accountants

Norvell & Associates, P.C. was formed by individuals with combined experience of over forty years. Additionally, the professional staff of the Firm has a higher level of experience than many comparable firms. Having experienced personnel involved in engagements results in: increased efficiency on the engagements for the Firm and the client, a higher likelihood that areas of concern and possible recommendations will be identified and, most importantly, a high level of professional quality being maintained. The Firm is able to offer a full range of services due to the diversified experience of the principals and staff.

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1. Norvell and Associates Certified Public Accountants Tax Tips on New forms for health insurance coverage

Be prepared for the tax man to get even more personal this year -- with questions about your health insurance.

 

For the first time, you'll have to state whether you had health insurance through an employer, one of the exchanges, or purchased privately. If you didn't, you could face a penalty.

 

This Aug. 21, 2014, file photo shows health care tax forms 8965, in Washington. Being uninsured in America will cost you more in 2015. In 2015, all taxpayers have to report to the Internal Revenue Service for the first time whether or not they had health insurance the previous year. Most will check a box. It is also when the IRS starts collecting fines from some uninsured people, and deciding if others qualify for exemptions. (AP Photo/Carolyn Kaster, File)

 

Being uninsured in America will cost you more this year. In 2015, all taxpayers have to report to the Internal Revenue Service for the first time whether they had health insurance the previous year. Most will check a box. It's also when the IRS starts collecting fines from some uninsured people, and deciding if others qualify for exemptions. Associated Press

 

This undated photo provided by Ernst & Young LLP shows Greg Rosica, contributing author to the EY Tax Guide 2015 and EY Tax Partner, in Tampa, Fla. Reporting your health coverage begins on line 61 of Form 1040. If you were covered for the full year, check the box. 'If you have it and you have the ability to demonstrate you had it, that should be it and you're not going to be subject to having the additional penalty assessed,' Rosica said. (AP Photo/Ernst & Young LLP, File)

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