Showing posts with label 2013. Show all posts
Showing posts with label 2013. Show all posts

Saturday, March 15, 2014

Two-Year Limit For Innocent Spouse Relief Removed in 2011

 Innocent Spouse Relief: Removing The 2 Year Limit.
by Lori J Latimer - earthenwarehaven@gmail all rights reserved.

There are some cases and circumstances where a 2 year limit may apply. To make sure, either contact a tax professional, or go to http://www.irs.gov/Individuals/New-Rule-for-Innocent-Spouse-Relief (Innocent Spouse Page of www.irs.gov link) 

The Internal Revenue Service recognizes the difficulty for some Innocent Spouses to claim this relief from the tax / legal / credit due to their marital circumstances. 


A hearty Thank You goes out to members of Congress, the Department of Justice, The Internal Revenue Service for changing the two-year limit. 








So often people and families face life-changing events that impact them emotionally. Unknown to the general public, domestic abuse, missing children, absent adults, death and murder can have be jarring for the taxpayer as well. 

Some spouses are unable to claim Innocence against a criminal or abuser, because to do so will have dire consequences. In the past, an Innocent Spouse who may be in hiding, missing or under the power of another only had a two-year window of time to claim the Innocent Spouse relief. That has changed to take these type of circumstances into consideration.









__________________________________________________
What's up with Grizzly Bear Tax Care?


For many years, the majority of my winters and early springs were spent locked into a co-dependency between tax preparer, and tax payer. Each April I would leave "tax season" exhausted. 

Now I understand the Grizzly better. The need to rest is because whatever the Bear does, she does with energy purpose and exactitude. 

As she ages, the Grizzly realizes she must take care of herself too, and choosing the battles we help others fight become based on true urgency rather than stress and adrenaline of almost every tax payer.

This Grizzly Bear has been on a very long winters nap. My hibernation clock did not go off, and the cave was nice and warm. 

Hunger has finally awakened me. 

Monday, September 6, 2010

Tax Tips For Small Business, Small Tax-Exempt, TAA and PBGC Recipients.



(link)Small Tax-Exempt Have until October 15th! One Time Offer If your tax-exempt or non-profit has not filed this simple informational form with the IRS, you stand a chance of losing your status. This is a One Time offer by the IRS, to help you get what is needed done for compliance.



(LINK) e-postcard - FORM 990 - Organizational - Don't lose your status.


                         *****************************************
(link) Health Coverage Tax Credit Program - TAA or PBGC Recipients Eligible


(link) IRS - HCTC: Health Coverage Tax Credit - June 2010



(link) What the HCTC is... = Health Coverage Tax Credit


(link) HCTC: Eligibility & Benefits - Monthly & Annually - How it Works

        


                         ******************************************
(link) IRS - YouTube - Sm Business Tax Credit 2010 - April 2010, As a Small Employer, or Tax-Exempt Group -  (less than 25 employees) that pays at least HALF of employees health Insurance premiums for your employees. For profit, will get up to a 35% credit. [Small Business General Tax Credit].


 For tax exempt employers, the IRS will give you more information on how to claim an up to 25% credit of premiums paid for your staff. 


(link) IRS - YouTube - Sign Language of Small Business Tax Credit



Small Business Tax Credit - More Explanation by the IRS - YouTube - Starting 2010 Through 2013

(link) Phasing In & Out of Employer Contribution to Employees Health Care Premiums
by Cook, Martin, Poulson

                         *****************************************

(link) Health Care Choices You May Make in 2011 - HSA


This is a Hub I wrote regarding a lot of hype and untruth meant to scare individuals into not taking advantage of the changes in how Health Care Plans will be charged and managed. There are links to the new website


 (LINK) WWW. HEALTHCARE . GOV - find your State and General Information