• Skip to primary navigation
  • Skip to main content
  • Skip to footer
716-633-1373 8321 Main Street, Williamsville, NY 14221
Tronconi Segarra & Associates

Tronconi Segarra & Associates

Williamsville, Buffalo & Western New York CPA

  • Client Toolkit
  • Request A Proposal
  • Pay Securely Online
  • Home
  • About
  • Our Team
  • Services
    • Accounting & Auditing
      • Financial Statement Auditing
      • Fraud/Forensic Accounting & Auditing
      • Internal Auditing
      • Performance Auditing
      • Governance Services
    • Tax Services
      • Business Taxation
      • U.S./Canadian Border Services
      • Cost Segregation Studies
      • Estates/Trusts/Private Foundations
      • Individual Taxation
      • International Tax
      • State & Local Tax
      • Exempt Organizations
      • Employee Benefit Plan Services
    • Small Business
      • Bookkeeping / General Ledger Services
      • Franchisee Services
      • Accounting for PPP, EIDL & Other COVID-19 Relief Programs
    • Outsourcing
    • State & Local Tax
      • Services – Manage Risk
        • Nexus Study
        • Registration
        • Voluntary Disclosure/Amnesty
        • Tax Research
        • Tax Compliance
        • Audit Defense
      • Services – Add Value
        • Refund Study
        • Utility Study
        • Credits & Incentives
        • Transaction Planning
        • Due Diligence
        • Outsourcing
      • Insights
    • Transaction Advisory Services (M&A)
    • International / Cross-Border
      • International Tax
    • Consulting Services
      • Executive Level Services
      • Litigation Support Services
      • Valuation Services
      • Succession Planning
    • Governmental Services
  • Industries Served
  • COVID-19
    • ERTC Assistance
    • COVID-19 Resource Center
      • CARES Act
      • Families First Coronavirus Response Act (FFCRA)
      • Coronavirus Preparedness and Response Supplemental Appropriations Act
    • COVID-19 Tax Relief
    • Unemployment Insurance Benefits
    • State & Local Grant and Aid Programs
    • COVID-19 Webinars
    • COVID-19 Blog Posts
    • Paycheck Protection Program: Forgiveness Calculation Services
  • Blog
  • Careers
  • Contact

ACA Still in Effect Despite Recent Federal Court Ruling

January 21, 2019

On Friday, December 14, 2018, Texas-based U.S.Federal Court judge Reed O’Connor ruled that the Affordable Care Act (ACA), also known as Obamacare, is unconstitutional. How did this come about? This decision was the result of a lawsuit brought by Republican officials in 20 states. The judge’s decision reads, in part: “The court finds the individual mandate can no longer be fairly read as an exercise of Congress’s tax power and is still impermissible under the interstate commerce clause – meaning the individual mandate is unconstitutional…[T]he court finds the individual mandate is essential to and inseverable from the remainder of the ACA.”

What does this mean? Most likely, this decision will be appealed, possibly all the way to the U.S. Supreme Court, which implies for now that the ACA remains in effect. The law requires individuals to enroll in health insurance that meets minimum standards or pay a penalty for not having coverage. Tax reform, signed into law in 2017, eliminates the no-coverage penalty starting in 2019. Further, the Employer Mandate was not impacted by the 2017 tax reform legislation. Those employers who are required to offer insurance to full-time employees must continue to do so and report it on Form 1095 in 2019.

The bottom line: for now, nothing has changed in the day-to-day operation of the Affordable Care Act. Follow us on LinkedIn and Facebook where we will publish updates on this important issue as developments occur.

Filed Under: Articles

Contact Us

  • This field is for validation purposes and should be left unchanged.

Footer

Contact Information

Tronconi Segarra & Associates LLP
8321 Main Street
Williamsville, NY 14221
Phone: 716-633-1373
Fax: 716-633-1099

Ulrich City Centre
175 Walnut Street, Suite 2
Lockport, NY 14094
Phone: 716.438.2190
Fax: 716.438.2450

Contact Us

Links

  • Home
  • About
  • Services
  • Industries Served
  • Leadership Team
  • Blog
  • Careers
  • Contact

Copyright © 2023 Tronconi Segarra & Associates · Terms of Use · Privacy Policy · Site by OMA Comp