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You can avoid owing more taxes, or getting a smaller tax refund than expected by reporting changes in your life events to the #Marketplace when they happen.
If you have enrolled for health coverage through the Health Insurance Marketplace and receive advance payments of the premium tax credit in 2015, it is important that you report changes in circumstances, such as changes in your income or family size, to your Marketplace. Advance payments of the premium tax credit (PTC) provide financial assistance to help you pay for …
Use this link to find out what to do when your tax preparer won’t help, or gives you an 800 # to call…http://www.irs.gov/pub/irs-pdf/p5136.pdf
Use this link to find out what to do when your tax preparer won't help or gives you an 800 # to call... http://www.irs.gov/pub/irs-pdf/p5136.pdf
Changing your name can affect your taxes…
What You Should Know if You Changed Your Name IRS Tax Tip 2015-22 If you changed your name last year, it can affect your taxes. All the names on your tax return must match Social Security Administration records. A name mismatch can delay your refund. Here’s what you should know if you changed your name: …
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You may be eligible for the Retirement Savings Credit? Learn more here…
Save on Your Taxes and for Retirement with the Saver’s Credit If you contribute to a retirement plan, like a 401(k) or an IRA, you may be able to claim the Saver’s Credit. This credit can help you save for retirement and reduce the tax you owe. Here are some key facts that you should …
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It is important that you file your tax return on time even if you can’t pay!
File on Time Even if You Can’t Pay Do you owe more tax than you can afford to pay when you file? If so, don’t fail to take action. Make sure to file on time. That way you won’t have a penalty for filing late. Here is what to do if you can’t pay all …
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There are 5 things phone scammers will do that the IRS will not…
"This is no April Fool's joke. Everyone should be on the lookout for threatening calls from people faking IRS phone numbers and demands for immediate payment," IRS Commissioner John Koskinen said. "These are scams. I urge taxpayers to stay vigilant and remain aware of the constantly changing tactics used by these criminals.” They often leave …
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Ever wonder which past due debts can reduce your federal tax refund? Find out here…
The Treasury Offset Program, which is run by Bureau of the Fiscal Services (BFS), can use all or part of your federal refund to settle certain unpaid federal or state debts. Offsets to Pay Certain Debts. Past due federal tax debt may reduce your tax refund. The BFS may also use part or all of …
The date for many retirees to take required minimum distributions (RMD) approaches!
"Many Retirees Face April 1 Deadline to Take Required Retirement Plan Distributions" The IRS released a reminder to taxpayers who turned 70½ during 2014 that in most cases they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts (IRAs) and workplace retirement plans by Wednesday, April 1, 2015. The April 1 deadline applies to …
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