Author Archive | Trish McIntire

The New January 21st

For the second year, the IRS had delayed the start of the tax season. Processing for 2013 tax returns should begin on Febuary 4th due to the government shut down in October. The IRS has been working to add processing safeguards against refund fraud and Idenity theft. Unfortunately, the shutdown took their debugging time and […]

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Update

I tried to post before and couldn’t get it to go from Safari on my iPad. Let’s see if Blogsy will let me post. I’ve been missing in action the last few weeks because of a broken hip. On October 8th, I tripped at the office, heard a crack and found myself hanging onto the […]

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It’s Here…

…cue the scary music from Poltergeist! The Health Insurance Marketplace (HIM) opened today! The Affordable Care Act (ACA) mandates that almost everyone must have health insurance by January 1, 2014. The HIM is a way for anyone not covered by an employer’s affordable plan to shop for health insurance. Let’s face it the ACA is […]

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43% – Not What Many People Think

Here we go again. The Tax Policy Center estimates that for 2013, 43% of all tax household will not pay any federal income tax. That figure is down from 2010 when it was 47%. Actually the percentage has been decreasing since 2009 when it hit a haul all time high of 50% The Tax Policy […]

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Rant- Keep Your Return Safe

Time for a quick rant! Keep a copy of your tax return and the supporting documents for your records. It doesn’t matter if the return is on paper or digital as long as you keep a copy. Somewhere in the future you can shred or delete that copy but for the first few years after […]

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Health Insurance Wizard for Business

 Business owners looking for information on health insurance can now get help with a new wizard that has been added to business.usa.gov. Business.usa.gov is a collective of fourteen federal government agencies that are working together to help taxpayers start and grow their business. The idea is to connect the user to the information they need […]

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Gambling Rumor

I’ve received a couple of calls in the last few days from clients wanting to check on a story they’ve heard about gambling losses. The story going around is that we will no longer be able to deduct gambling losses on our tax returns. This is absolute news to me and I hope if I’m […]

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Amortizing Your Life

I get asked occasionally if a client can take the value of their time as a deduction. They’ve done the repairs on a rental house themselves and they want to deduct what they would have paid someone else to do it or they have worked for a charity and would like to use their time […]

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e-Services Cuts

Just after I tweeted about NAEA (National Association of Enrolled Agents) announcing in an email that the IRS is talking about closing two of the e-Services programs on August 11th, I received an e-News for Tax Professions from the IRS with the same information. E-services is a service from the IRS which allows tax professionals […]

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Fiscal Cliff-Kansas Style

While Washington DC is focused on the IRS tax exempt scandal and Federal tax reform seems to be on hold, the Kansas legislature keeps trying to change the state’s tax structure. On Thursday (May 30th), the Kansas House voted down a proposal to reduce the state sales tax on groceries to 4.9% while everything else […]

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