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Let’s take a look at what we can anticipate in the next few months with potential new legislation.

Federal health reform — President Trump wants to replace the Affordable Care Act … what he’ll replace it with is anyone’s guess. What we know for now is that the ACA is here to stay for 2017 and possibly longer.

Forms 1094 and 1095 will most likely survive for at least this year, so make sure to keep tracking. The Cadillac tax will probably go away later this year, and it is possible that the employer mandate could go away this year, as well (not yet confirmed).

Read More: http://www.cpapracticeadvisor.com/news/12312558/tax-and-payroll-legislation-updates-for-2017