By DomingoLage June 29, 2014
La historia de un exiliado cubano, del exodo del Mariel. www.elbrujoentuala.net http://labotanicadelpueblo.jimdo.com/?logout=1#login The story of a Cuban exile, the Mariel exodus. www.elbrujoentuala.net http://labotanicadelpueblo.jimdo.com/?logout=1 # login ...read more
By ManikChawla May 02, 2014
We received a notice from Tricare Management Activity Finance and Accounting Br. on 04/28/2014 stating Account # GC201402435 and mentioned as we are due $2,777.42 to Tricare and there are no patients names or any details in the notice. Please call us back with the details or send us the complete notice to: EAST METRO OBGYN SPECIALISTS INC 6142 GORDY STREET, COVINGTON GA 30014 TAX ID 582082739 NPI 1588698427 Phone # 803-629-0770 Fax # 803.753-9135 Thank you. Manik Chawla Account Manager ...read more
By Insightful Solutions Counseling by Ana Champagne/Bilingual Spanish February 11, 2014
Thanks for connecting with us! We provide low cost counseling for bilingual and spanish speaking clients. We look forward to woking together with you! Please visit our website at http://anachampagn5.wix.com/auroracounseling ...read more
Anyone who purchased their personal health insurance from the Marketplace (Exchange) in 2014 and received premium assistance to keep the premiums lower will have to complete this form. Yes even short form filers of form 1040A. You will get a form 1095a from the exchange to help with this complex form. You will appreciate anyone who works on your taxes this year if you take a look at the form www.irs.gov/pub/irs-pdf/f8962.pdf For more income tax information see my regular posts at https://www.facebook.com/CPAsheldon other IRS.GOV web pages or other income tax advisors or published information. ...read more
By Sheldon Harding, CPA November 29, 2014
Article Highlights: New tax return complexities caused by Obamacare Penalty for not being insured Premium assistance credit Insurance marketplace subsidies and possible repayments New 1095 series reporting forms Obamacare – or, more officially, the Affordable Care Act (ACA) – insurance mandate, along with its health insurance premium subsidies available from insurance marketplaces, premium tax credit (PTC), and penalty for not being insured, is going to affect just about every taxpayer in one way or another. It is important for everyone to understand that new, substantial, and sometimes complicated reporting requirements have been added to the 2014 tax return to facilitate the ACA insurance mandate. As a result, taxpayers need to be prepared for a variety of new forms they will be receiving starting in January 2015 from their insurance companies, employers, and the marketplace that they will need in order to prepare their tax returns. These forms, which are also filed with the government, will: Provide proof of ACA acceptable monthly insurance coverage for all family members that you will use on your 2014 tax return to avoid being assessed a penalty for not being insured. Provide the government, and you, with the amount of monthly advance premium tax credit (APTC) – sometimes referred to as a premium subsidy – you may have benefited from if you purchased health insurance from a government-run insurance marketplace (also known as an exchange). These amounts are needed to determine if you are entitled to an additional PTC or if you must repay some portion of the APTC. The insurance marketplaces will provide this information on a Form 1095-A. Private insurance companies will provide proof of coverage on Form 1095-B. Things can get pretty complicated if your tax family or household income changed during the year and you did not report the change to the marketplace. When a taxpayer was married or divorced during the year or an individual who is not in your tax family was included in insurance purchased through the marketplace, the insurance premiums and APTC must be allocated among those insured by the month. To make matters worse, the IRS is letting both employers and insurance companies use alternative means of providing the required information for 2014, which means you will need to watch out for substitute reporting not included on the official IRS forms. All of this additional reporting and allocating, if necessary, greatly adds to the complexity of 2014 tax returns, especially for taxpayers who qualify for the PTC and those who’ve received APTC through the marketplace. If you have friends or family members who may need assistance with this new tax return complexity, please suggest they contact my office. ...read more
By Gary L Hulett CPA November 02, 2014
IRS Announces Simplified Option for Claiming Home Office Deduction Starting This Year; Eligible Home-Based Businesses May Deduct up to $1,500; Saves Taxpayers 1.6 Million Hours A Year WASHINGTON — The Internal Revenue Service today announced a simplified option that many owners of home-based businesses and some home-based workers may use to figure their deductions for the business use of their homes. In tax year 2010, the most recent year for which figures are available, nearly 3.4 million taxpayers claimed deductions for business use of a home (commonly referred to as the home office deduction). The new optional deduction, capped at $1,500 per year based on $5 a square foot for up to 300 square feet, will reduce the paperwork and recordkeeping burden on small businesses by an estimated 1.6 million hours annually. ...read more
By Gary L Hulett CPA January 15, 2013
Many people give money to family members as a gift in their time of need or if they come into a substantial amount of money. Giving money to a family member can sometimes be taxed; however, there are ways to avoid this this and give money to family members free of tax. ...read more
Many people have opted to learn to file their taxes themselves. This is a great way to save money, and it puts people in control of their own tax return. The process can be confusing, but there are enough resources to learn the correct method. ...read more
