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TurboTax Articles

Guide to Debt Cancellation and Your Taxes

If one of your creditors canceled a debt you owe, you'll receive a Form 1099-C this year. A number of exceptions and exemptions can eliminate your obligations to pay tax on the canceled debt.

10 Tax Tips for the Suddenly Unemployed

If you are facing unexpected unemployment, you may be eligible for a variety of income tax benefits. Losing a job is always hard, but these tax tips should help you maximize your tax refund.

Does Your Company Need to File Form 1095-B?

A company is responsible for filing IRS Form 1095-B only if two conditions apply: It offers health coverage to its employees, and it is "self-insured." This means that the company itself pays its employees' medical bills, rather than an insurance company. A company that doesn't meet both conditions won't have to deal with Form 1095-B. Its employees might still receive a 1095-B, but from their insurer, not the employer.

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