Archive

23Feb2017

Maximizing Your Affordable Care Act Insurance Supplement

    Article Highlight:  Financial Assistance for Health Insurance Federal Poverty Level Modified Adjusted Gross Income Household Income Gambling Income Children’s Income Hobby Income IRA Contributions If you are getting your health insurance through a government Marketplace, you should be aware of several issues that can adversely affect the amount of financial assistance you receive
  • 23 Feb, 2017
  • Jacqueline Cran
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20Feb2017

Do I Have to File a Tax Return?

    Article Highlights: When You Are Required to File Self-Employed Taxpayers Filing Thresholds Benefits of Filing Even When Not Required to File Refundable Tax Credits This is a question many taxpayers ask during this time of year, and the question is far more complicated than people believe. To fully understand, we need to consider
  • 20 Feb, 2017
  • Jacqueline Cran
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16Feb2017

IRS Clamps Down on Tax Credits

    Article Highlights: Affected Credits Retroactive Claims Disallowance Periods for Improper Credit Claims Preparer Due-Diligence Requirements 1098-T Requirement to Claim Education Credits Refunds from AOTC and CTC Returns Will Be Purposely Delayed In an effort to rein in tax fraud, which is costing the government billions of tax dollars, some new laws that take
  • 16 Feb, 2017
  • Jacqueline Cran
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10Feb2017

Don’t Overlook Standard Mileage Rate Add-Ons

    Article Highlights: Standard Mileage Rate Expenses Additional Deductible Expenses Auto Loan Interest Business owners often use the standard mileage rate instead of actual expenses when taking a deduction for the business use of their vehicle. The standard mileage rate is determined annually by the IRS by using data from a study conducted by
  • 10 Feb, 2017
  • Jacqueline Cran
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02Feb2017

Along with Tax Season Come the Tax Scams

    Article Highlights: Tax Season Brings Scams Key ID Elements How the IRS Operates Email Scams & Phishing Phone Scams ID Thieves One thing we can count on when tax season begins is the scammers coming out from under their rocks with schemes to try and trick you so they can steal your ID
  • 2 Feb, 2017
  • Jacqueline Cran
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