Showing posts with label deadline. Show all posts
Showing posts with label deadline. Show all posts

Wednesday, March 19, 2014

Tax Filing Deadline Approaching 2014 - Healthcare

#getEnrolled                                                                                                  March 19, 2014



Taxpayers, I feel for you. I know who you are, the ones who have been avoiding the taxes, or you are still gathering stuff up for the accountant. Some of you have already decided to file an extension, and you are just trying to earn some extra cash so you can put a dent in what you owe. 

In less than a month, your tax return is due, and you are pretty sure you will have to pay in again, or for the first time. Make sure you get the best tax advice, and don't be chincy when it comes to professional tax help. Just because someone is a CPA, or Bookkeeper or Enrolled Agent, if they are not focused on your case, or not well trained, they can mess you up. Find someone with a good reputation with the IRS and you will be assured to be taken care of. 

To further drive you to madness, a new deadline approaches...Open Enrollment for "Obamacare" is about to expire. Many in your tax brackets will not be concerned with any tax changes regarding the Affordable Care Act on your 2013 tax year. Most of you have been paying thousands of dollars per year in Insurance Premiums most of your working life. I can hazard to guess that unless you demanded to keep your insurance company who is not in compliance out of stubbornness most taxpayers should be glad to see total annual premiums and out-of-pocket expenses dropping.

Since you are stressed out beyond belief here is a word from Get Covered America






Okay. Now that you are feeling a little better: 

If you think you may have some 2013 costs or changes associated with the Healthcare law you can get help from the IRS Website. In today's announced "HCTT - 2014-10: What do I need to know about the Healthcare Law for my 2013 Tax Return?", there are links to find more information regarding the ACA and the affect it will have on your return.

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Copied from http://content.govdelivery.com/accounts/USIRS/bulletins/aba082?reqfrom=share (IRS 03.19.2014)

...However, for some people, a few provisions may affect your 2013 tax return, such as increases in the itemized medical deduction threshold, the additional Medicare tax and the net investment income tax.
Here are some additional tips:
Filing Requirement: If you do not have a tax filing requirement, you do not need to file a 2013 federal tax return to establish eligibility or qualify for financial assistance, including advance payments of the premium tax credit to purchase health insurance coverage through a Health Insurance Marketplace. Learn more at HealthCare.gov.
W-2 Reporting of Employer Coverage: The value of health care coverage reported by your employer in box 12 and identified by Code DD on your Form W-2 is not taxable. Learn more.
Information available about other tax provisions in the health care law: More information is available on IRS.gov regarding the following tax provisions: Premium Rebate for Medical Loss RatioHealth Flexible Spending Arrangements, and Health Saving Accounts.
More InformationFind out more tax-related provisions of the health care law at IRS.gov/aca.
Find out more about the Health Insurance Marketplace at HealthCare.gov.
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It is important that taxpayers learn the facts about the Healthcare Law / ACA / or Obamacare. It is helping a majority of Americans, but many are missing out due to politics, lies and bad information. 

Please look into the benefits of having affordable health care. 

Stay well, and be healthy.







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Wednesday, August 11, 2010

Closing deadline extended to September 30, 2010 - For Eligible Homebuyers Credit

(Link) Instructions at IRS for deadline extension - Must've "Contracted" by April deadline

Okay everybody, calm down. Breathe.

This July 2, 2010, announcement by the IRS states that if a Qualified Buyer, contracted to purchase a Qualified home on or by April 30, 2010. The first extension that was supposed to expire in June. Has been pushed up to September 30th 2010. 

Closing on a home is a big deal and takes a lot of time. Hopefully, buyers and sellers are working together to help the economy. This will allow eligible people who were near closing to go ahead and get their homes, and First Time Home buyers Credit. 

The smartest thing to do is pretend like it expires at the end of August, because this will leave room for that last minute thing that can pop up to keep you from getting your home, and the $8,000.00 credit. It isn't too late, you can still get it done. Good Luck!