Author: Stephen R Hartfield CPA

Affordable Care Act’s (ACA) Individual Shared Responsibility Payment

The Affordable Care Act, also known as Obamacare, required individuals to have minimum essential health care coverage (MEC), qualify for an exemption from the MEC, or make an Individual Shared Responsibility payment (a penalty).

The Tax Cuts and Jobs Act, (signed into law on December 22, 2017) effectively eliminated the Individual Shared Responsibility payment by making it zero for months beginning after December 31, 2018.

New District Use Tax Collection Requirements for all California Retailers Effective April 1, 2019

According to a Special Notice issued on December 27, 2018 by the California Department of Tax and Fee Administration (CDTFA), beginning April 1, 2019, all retailers registered or those required to be registered with the CDTFA are responsible for collecting and paying a district’s use tax to the CDTFA if during the preceding or current calendar year:

. The retailer’s sales into the district exceed $100,000, or

. The retailer made sales into the district in two hundred (200) or more separate transactions.

This new district use tax collection requirement is pursuant to Revenue and Taxation section 7262 and the U.S. Supreme Court’s decision in South Dakota v. Wayfair, Inc. (Dock. No. 17-494) (Wayfair).