Monthly Archives: December 2018

//December

A CHANGE IN HEALTH INSURANCE COVERAGE QUALIFIES TAXPAYERS FOR TAX BREAKS by Bev Cobb

2018-12-24T17:32:33+00:00

A client recently commented that she was irritated by her employer changing the employer sponsored health insurance plan.  Before the change her annual deductible was $500.00 and now it was increasing to $2,400.  She was concerned due to the amount she owed the hospital for a recent surgery.   I asked if she had a Health Savings [...]

A CHANGE IN HEALTH INSURANCE COVERAGE QUALIFIES TAXPAYERS FOR TAX BREAKS by Bev Cobb2018-12-24T17:32:33+00:00

THE IRS IS NOT ALWAYS RIGHT

2018-12-15T21:07:22+00:00

THE IRS IS NOT ALWAYS RIGHT by Kimberly Wenzel, EA Everyone knows that the IRS sends out letters to taxpayers every year indicating that something was wrong with the tax return that was filed.  The most common is the CP2000 letter. These letters normally infer that there is a large tax balance due because of errors [...]

THE IRS IS NOT ALWAYS RIGHT2018-12-15T21:07:22+00:00

VEHICLE MILEAGE RATES FOR 2019 INCOME TAXES

2018-12-14T20:41:11+00:00

2019 Standard Mileage Rate by Michael M. Sargent The optional standard mileage rates for business use of a vehicle will increase significantly in 2019 per the IRS announcement of Dec 14, 2018. For business use of a car, van, pickup truck, or panel truck, the rate for 2019 will be 58 cents per mile up from 54.5 [...]

VEHICLE MILEAGE RATES FOR 2019 INCOME TAXES2018-12-14T20:41:11+00:00

2018 LAST MINUTE TAX PLANNING

2018-12-07T19:14:10+00:00

By: Debra Rogers, Tax Management & Financial Horizons Staff Several years ago, as I was entering W-2 data for a tax return of a single person, I noticed the withholding just didn’t look right. I didn’t say anything right away as I wanted to see how things would play out after entering deductions and credits. However, [...]

2018 LAST MINUTE TAX PLANNING2018-12-07T19:14:10+00:00