I got very little snow in my hometown in
Northeast PA on Saturday. More than ever
glad that I no longer live in New Jersey.
* Want to know “What’s New for Taxes for 2015”? Click on the blue title in quotes
for a free compilation of the COLA
and inflation adjustments for 2015.
* Are you wondering “Do I Need Form 1095-Cto File My Tax Return?” Jason Dinesen
gives us the answer at DINESEN TAX TIMES –
“The
short answer is: you do not need to have Form 1095-C in your possession
before you file.”
The form 1095-C “is sent to employees, by employers who provide insurance coverage to
employees”. Your Form W-2 may
indicate that you are covered by an employer health plan.
There is also form 1095-B. “This
form is sent by insurance companies to individuals covered under a private
health insurance plan.”
You, or your tax preparer, does not need to
have either of these forms “in hand” in order to prepare your 2015 tax
return. Your preparer just needs to know
if you were covered under an insurance plan for all, or part, of 2015. In my opinion, your word is good enough (at
least it would be if you were my client).
A tax preparer has no legal requirement to verify via independent
documentation your coverage.
You do, however, need (highlight is
Jason’s) “Form 1095-A: Health Insurance
Marketplace Statement. This form is sent to people who get healthcare through a
state exchange. If this applies to you,
you MUST have this form before you can file your tax return.”
* Another reminder for tax pros – Be sure
to check out TAXPRO BUZZ, THE TAX PROFESSIONAL, my tax reform petition, and
please tell your co-workers and colleagues about them.
* Good advice from ABOUT.COM’s William
Perez on how to “Communicate Effectively with Your Tax Preparer”.
* Not exactly a tax issue – but Dustin
Pellegrini of EQUIFAX.COM wanted to know “Are Americans Saving Enough for Retirement?”
He discovered a disturbing statistic -
“21
million Americans workers aren’t saving for retirement.”
Are you?
* Kay Bell tells us “the list of states warning taxpayers that they'll have to wait longer
for their tax refunds is growing” in “Minnesota, Montana, North Dakota and South Carolina tax refunds slowed by fraud prevention measures” at DON’T MESS
WITH TAXES.
* And Kay also tells us “Taxpayers want up-front pricing from paid tax preparers”.
But read my comment to her post.
* Need to find a tax pro to prepare your
2015 returns? Go to FIND A TAX PROFESSIONAL.
Avoid the “fast food chains” – they ain’t
cheap! And don’t rely on a “box” to
correctly prepare your returns. No tax
software package, online preparation service, or “app” is a substitute for a
competent and qualified independent tax professional. Remember – garbage in-garbage out. And you can’t avoid interest and penalties by
blaming your software when the IRS comes after you.
* Joe Kristan opens his Monday Tax Round-Up
with good advice on “How to make your tax return cheaper”.
* Jim Blankenship explains “Everything YouNeed to Know About File & Suspend and the April 30 Deadline” at GETTING
YOUR FINANCIAL DUCKS IN A ROW.
Jim tells us –“If you were born after April 30, 1950, file & suspend (under the
old rules) is not for you”. This is
all Greek to me – and I have no reason to doubt Jim.
THE FINAL WORD -
Part 1 –
I didn’t think anything could be more
stupid than last year’s television ads for Henry and Richard with the bow-tied
fool throwing money out of a plane. I
was proven wrong when I saw this year’s nonsense.
Neither ads make any mention about
competently preparing tax returns for a reasonable fee – because Henry and
Richard does neither.
Part 2 -
American’s disgust with traditional
“establishment” politicians is understandable.
The idiots in Congress are so polarized and contentious that nothing
gets done. True outsiders, especially
those who are not “beholding” to anyone, do look good.
However the worst thing that Americans can
do is turn to a self-important, self-absorbed, immature narcissist, who cares
about nothing else other than feeding his undeservedly enormous ego, like
Tronald Dump. The Dumpster as President
is far worse than any other alternative.
It is truly disturbing that the Republican
establishment, while not exacting embracing the fool, even considers accepting
Trump as a legitimate candidate worth voting for.
TTFN
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