It is tax time again! This year represents the most massive changes since 1986. We encourage you to bring in your information as early as possible to assure a timely return is filed. We will need proof of insurance this year for the taxpayer, spouse and all dependents to comply with the ACA. If you were not covered for all of 2014, you could owe a penalty on your 2014 1040. If you had a hardship that you believe qualifies for an exemption, please visit healthcare.gov to review the possible hardship exemptions and see if you qualify as soon as possible. Many of the possible exemptions require approval from the government and we must have an approval code to put on your tax return or the penalty will apply. We encourage more than ever that you seek competent tax advice when preparing your 2014 return . The forms are very complicated, and you could end up having to pay much more to the government than you expected, if they are done incorrectly. Give us a call at 285-7701 to schedule your consultation.
Posted on: Thu, 22 Jan 2015 23:02:13 +0000
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