Lower My Tax Now Blog
Sticking to budgets and diets
Posted in Tax-Blog. Bookmark the permalink. | , February 25, 2015 | 0 Comments
Budgets, like diets, are short lived for most of us. You do a proper job of planning by looking over the past and determining where you need to make changes to meet your goals. And, you live by your plan for a few days, maybe even a few weeks….
Check qualification for health insurance exemption
Posted in Tax-Blog. Bookmark the permalink. | , February 18, 2015 | 0 Comments
If you didn’t have health insurance in 2014 or the insurance you had did not meet minimum requirements, you may have to pay a penalty on your 2014 federal income tax return – unless you qualify for an exemption. Exemptions include unaffordable coverage when premiums would have exceeded 8%…
Warning: Watch out for aggressive phone scams again this tax season
Posted in Tax-Blog. Bookmark the permalink. | , February 11, 2015 | 0 Comments
The Treasury Inspector General for Taxpayer Administration (TIGTA) is warning taxpayers about one particular category of tax scams that has proven to be very widespread, very aggressive, and very relentless. Callers claim to be IRS employees, and they tell their intended victims that they owe taxes that must be…
Electronic refunds limited to three per account / IRS service will be affected by ACA and budget cuts
Posted in Tax-Blog. Bookmark the permalink. | , February 4, 2015 | 0 Comments
Electronic refunds limited to three per account.
The IRS announces that, as part of its efforts to curb fraud and identity theft, it will no longer directly deposit more than three electronic refunds to a single financial account or prepaid debit card. Taxpayers who exceed the limit will receive an…
