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Proof of Nothing

November 17, 2009

Today TaxMama hears from Maure in California with this dilemma. “I haven’t worked since 2006, and have been exempt from paying taxes. So I have no tax returns. However, for a Hospital’s Medical Assistance Program for my bill, I need to show recent 1040, and/or proof of no/low income. How do I get such documentation [...]

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Obama and His Health Care Plan

September 10, 2009

Today TaxMama wants to summarize the high points of President Obama’s Health Care speech last night.

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Alert for COBRA subsidy recipients

September 4, 2009

Courtesy of the IRS
COBRA subsidy recipients who later become eligible for insurance coverage should notify their former employer to avoid a penalty
Individuals who have qualified and received the 65 percent subsidy for COBRA health insurance, due to involuntary termination from a prior job, should notify their former employer if they become eligible for other group [...]

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Ask TaxMama Issue 512 – To Your Health

July 17, 2009

Dear Family,
Earlier this week Brent Clanton (www.cnn650.com )and I were discussing the proposed batch of tax legislation facing Congress this month. One of the ways the Legislature and President Obama propose to pay for the health insurance and other tax breaks is to tax the ‘rich’ – those earning over $250,000. Sounds like a great [...]

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COBRA Health Insurance Continuation Premium Subsidy

February 27, 2009

The American Recovery and Reinvestment Act of 2009 establishes an employer-provided subsidy for employees who involuntarily lose their jobs. The IRS issued a news release Feb. 26 outlining information for employers. Individuals who qualify for the COBRA subsidy premium should see below for more information.
Information for Employers
Do you have questions on how to administer the [...]

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In-Home Care

September 25, 2008

Today TaxMama hears from Fran in Maryland with this concern. “I have a disabled sister. She is not my dependent and does not live with me. Some of my siblings and I would like to pool our money to pay for her in-home health care. Is there a way to make our contributions [...]

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Free Senior Health Care

January 9, 2007

Since I can’t easily get to the e-mail address with your questions, I thought I’d turn to today’s news. This siutation just got to me. How does this strike you?

What do you do if you no longer have a job and your COBRA has run out – and you can’t get or afford new coverage because [...]

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