Taxpayer Advocate Finds 300,000 Taxpayers Overpaid IRS for Obamacare More than 300,000 taxpayers overpaid the Individual Shared Responsibility Payment for health insurance on their tax returns processed through the end of April, according to a new report from the National Taxpayer Advocate. ...
Read MoreRetirement can be great, but are you ready for it? There’s more to consider than just savings. Watch this video for helpful tips on what needs to be considered. Happy Retirement Video
Read MoreFive-Minute Tax Briefing® July 28, 2015 – No. 2015-14 Applicable Federal Rates for August: The Section 7520 rate for August 2015 is 2.2%, while the Applicable Federal Rates (AFRs) are as follows (Rev. Rul. 2015-16, 2015-31 IRB): Annual Semi-annual Quarterly Monthly Short-term (≤ 3 years) 0.48% 0.48% 0.48% 0.48% Mid-term (> 3 years but ≤ 9 years) 1.82%...
Read More
1,000 golf balls will be dropped from a helicopter and $9,000 in prize money will be given away to those whose golf balls are closest to the pins. Proceeds will benefit Hospice and The Resource...
Read MoreHealth Savings Accounts (HSAs): HSAs allow eligible individuals to make deductible contributions that can be withdrawn tax-free later to reimburse the individual for eligible medical expenses. For 2016, the limitation on HSA deductions is $3,350 for an individual with self-only coverage under a High Deductible Health Plan (HDHP) or $6,750 for an individual with...
Read MoreIRS Promoting Small Business Week: The IRS is spotlighting educational products for small business owners and self-employed individuals. The products include webinars and videos on topics including: (1) business use of your home, (2) avoiding the biggest tax mistakes, (3) depreciation basics, (4) child and daycare provider tax compliance, and (5) navigating the...
Read More