Taxes

 New eSign System Simplifies, Speeds Up Form 8879

March 13, 2014 

New eSign System Simplifies, Speeds Up Form 8879

With the announcement by the IRS that it will now allow electronic signatures on Form 8879, which authorizes electronic filing of tax returns, a cumbersome, time-consuming step in the tax preparation process has been eliminated.

 A Conservative Fix for ObamaCare

March 13, 2014 

A Conservative Fix for ObamaCare

Every American citizen should have access to affordable, quality health care. Most of us would agree on the principle; it is the implementation that has everyone befuddled. It’s not just that the implementation of the ACA has been marked by cronyism, bad decisions, failures, fraud, political floundering, lies and stealth taxes. It is that the…

Dave McClure

 Does Your Business Qualify for the Health Care Tax Credit?

March 10, 2014 

Does Your Business Qualify for the Health Care Tax Credit?

Income tax filing deadlines for most small business are coming up soon, and the Internal Revenue Service is reminding small employers who offer health insurance to their employees to check out the small business health care tax credit and then claim it if they qualify.

Health-Coverage-Tax-Credit1

March 10, 2014 

IRS Offers 7 Tax Tips on Health Care Credit

The Obama administration is relying on various federal agencies and organizations to help implement the complex rules under the Patient Protection and Affordable Care Act (PPACA), the comprehensive health care legislation otherwise known as “Obamacare.” Naturally, the IRS is expected to play a major role, including enforcement of the penalties for failing to obtain minimum…

Ken Berry, JD

 Divorce and the Section 121 Personal Residence Exclusion

March 10, 2014 

Divorce and the Section 121 Personal Residence Exclusion

After a divorce, if both spouses stay on title, they can both take advantage of their full personal residence exclusion of $250,000 – as long as one of them continue to use it as a personal residence AND this is specified in the divorce decree (a good reason to get along during the divorce negotiations).

Eva Rosenberg

 IRS Agent and Police Detective Get Prison for Tax Fraud

March 7, 2014 

IRS Agent and Police Detective Get Prison for Tax Fraud

A former Waterbury, Connecticut police detective was sentenced on Thursday to five months in prison and five months of home confinement for trying to mislead a federal Internal Revenue Service investigation of charitable contributions he claimed as deductions on his tax returns in 2007 and 2008, according to the U.S. Attorney's office.