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 […]
Tag Archives: health insurance
Dear Family, Every summer around this time, states all over America offer special tax-free days. These are weeks or weekends when families can buy their back-to-school supplies, and certain other needed merchandise, without having to pay sales taxes. Clicking on today’s graphic will take you to the national list. Just look for your states. On […]
Today TaxMama hears from Mike in New Jersey with this question.https://biuinternational.com/wp-content/languages/new/online-paper-writer.html “Can I deduct my son’s health Insurance premium of 0 a month that his wife and he can no longer afford to pay, on my tax return?buy generic xifaxan online blackmenheal.org/wp-content/languages/new/buygeneric/xifaxan.html no prescription https://biuinternational.com/wp-content/languages/new/write-a-white-paper.html ”
Recently TaxMama® was at the IRS stakeholder meeting in Downtown Los Angeles. This triannual meeting between IRS and key members of the tax professional community always results in interesting experiences. One of the tidbits I’d like to share is about the special COBRA benefit in the recent tax law. You maybe aware that people who […]
Today TaxMama hears from William in Florida with this request.buy priligy uk https://blackmenheal.org/wp-content/languages/new/uk/priligy.html no prescription “My wife is in school and doing her practicum in psychology. She is working for a nonprofit and considered a independent contractor.buy neurontin uk https://blackmenheal.org/wp-content/languages/new/uk/neurontin.html no prescription She was told she could take certain tax deductions such as mileage, cell […]
Today TaxMama hears from Debra in Georgia with these problems. “I had almost no income in 2007 from losing my job.http://auneec.ateneo.edu/wp-includes/images/new/writers-help.html I had to live on withdrawals from my 401k. Due to the penalties I am still paying this debt to the IRS.buy levaquin online blackmenheal.org/wp-content/languages/new/mg/levaquin.html no prescription My home was also foreclosed on in […]
OK, it’s true, I really, really hate to be around people who smoke. Whether they are smoking or not. For me, the smell itself makes it really hard to breathe. (I was blessed with a mother, a seamstress, who used my room as her workroom. She smoked incessantly – and my bed, clothes, books, everything […]
Today TaxMama hears from Deborah in North Carolina, who asks. “My payment of Group Medical Insurance is deducted from my salary BEFORE taxes are deducted. Can I claim the amount I pay for Insurance on my income tax return?buy zoloft online www.parkviewortho.com/wp-content/languages/new/prescription/zoloft.html no prescription ”
Today TaxMama hears from Robert in Texas, who complains: “My employer fired me. I worked in the office and taxes were taken out of checks. She has not sent me my W-2 forms. What do I do now?”
IRS Notice 08-01, recently released, discusses the treatments of various arrangements of health insurance in connection with an S Corporation and its 2% shareholder/employees. This Notice clarifies an issue from two years ago. First a review of law involving the health insurance deductions. Section 162(l) permits a self-employed person, a partner, and an S […]
[Courtesy of IRS] WASHINGTON – The Internal Revenue Service and the Treasury Department cautioned taxpayers about participating in certain trust arrangements being sold to professional corporations and other small businesses as welfare benefit funds and identified some of the arrangements as listed transactions. There are many legitimate welfare benefit funds that provide benefits, such as […]