VIRGINIA BEACH, VA--(Marketwired - Jan 2, 2015) - Liberty Tax, Inc. (
Liberty Tax Service will ring in the 2015 tax season with Taxapalooza, a grand opening celebration on January 7 at more than 1,000 offices across the country. It's not just food and fun that will be shared. Guests will be treated to free advice and information about the Affordable Care Act (ACA), which will have tax implications for the first time this season.
"I have said more than a few times that the Affordable Care Act is a game-changer," said Liberty Tax CEO John T. Hewitt. "We opened many of our offices on November 15 to help people enroll in health insurance and apply for coverage exemptions. Now, before tax filing opens on January 20, we want to invite people in and help them really understand how this law will directly affect their taxes this year."
Taxapalooza will be a national party to celebrate the start of tax season and to assure taxpayers that Liberty Tax has the resources and the knowledge to handle all their tax issues, even with late changes to the tax code and the ongoing evolution of the ACA.
The 2015 tax season marks the first time that all taxpayers will have to let the Internal Revenue Service know whether they have health insurance. Those who do not have insurance or a coverage exemption will pay a penalty on their 2014 taxes. Those who do have insurance and receive tax credits to help them pay their insurance premiums will also be faced with new forms and other paperwork this tax season.
Liberty Tax has certified tax preparers who understand ACA rules and will work with health insurance agents to make the merger of health insurance information and income tax preparation a seamless process for customers.
"We know people will have questions, and we know that we have the answers," said Hewitt. "That's something to share and celebrate."
About Liberty Tax, Inc.
Founded in 1997 by CEO John T. Hewitt, Liberty Tax, Inc. (