Fake Affordable Care Act Websites Target Consumers for Identity Theft
This alert was issued today by the Better Business Bureau today: CHICAGO, IL – October 30, 2013 – Computer hackers are creating phony Affordable Care Act (ACA) websites and are asking for consumers’...
View ArticlePlanning Pension Distributions
Article Highlights •Except for distributions from Roth IRAs, pension distributions are generally taxable. •Pension distributions can increase the tax on your Social Security benefits. •Pension...
View ArticleThree Reasons to Check Your Online Social Security Statements Each Year
It’s been a few years since the Social Security Administration stopped mailing annual paper Social Security Statements to those aged 25-60. I know, most people didn’t know what the statement was for...
View ArticleQuickBooks services for version 2010 to be discontinued May 31, 2013
On May 31, 2013, access to QuickBooks add-on services such as payroll, online banking and QuickBooks email will be discontinued unless you upgrade. Click here for the full QuickBooks support article...
View ArticleNavigating IRA Contribution Limits
Are you wondering if you can make a contribution to your IRA to help save on taxes? Not every one is eligible to deduct an IRA contribution on their return and the rules concerning IRA contribution...
View ArticleQuickBooks services for version 2010 to be discontinued May 31, 2013
On May 31, 2013, access to QuickBooks add-on services such as payroll, online banking and QuickBooks email will be discontinued unless you upgrade. Click here for the full QuickBooks support article...
View ArticleIRS Reminder: April 1 is Key Date for Taxpayers with IRAs and Qualified Plans
In a news release, IRS has reminded taxpayers who turned 70 1/2 during 2013 that, in most cases, they must start receiving required minimum distributions (RMDs) from Individual Retirement Accounts...
View ArticleReimbursement of Individual Health Insurance Premiums No Longer Qualify for...
On November 6th, 2014, the Department of Labor issued new guidance that clarifies how the Affordable Care Act is changing the tax treatment for the reimbursement of individual health insurance...
View ArticleIRS Telephone Scam Prevalent in Illinois Now
Over the years, the IRS has been warning taxpayers and tax professionals about scams where someone calls, allegedly from the IRS, that they had a balance due and needed to pay their balance by a...
View ArticleIRS Offers Tips for Year-end Charitable Contributions
In a news release, IRS has reminded individuals and businesses making year-end charitable contributions of several important tax law provisions and general substantiation requirements that they should...
View ArticleStandard mileage rates for 2015 announced
The IRS announced that standard mileage rates for use of a vehicle will increase slightly. With gas prices dropping considerably in the last few months, this is great news for business owners. For...
View ArticleUsing a 529 Plan to Help Buy an Investment Property
This is a recent question that came my way: “We are in the process of purchasing an investment property where my daughter goes to school. Our intent is to use this as a rental. It is located near our...
View ArticleCongress Puts Lid On Health Flexible Spending Arrangements
As part of the Patient Protection and Affordable Care Act (new health care law), employee contributions to health flexible spending arrangements (health FSA) are now being limited to a maximum pre-tax...
View ArticleArticle 0
Interested in small business topics, tips and assistance? We have a new website for small business owners, www.thesmallbizhq.com. This site will contain helpful articles, tips, ideas and help with...
View Article