Article Highlights: Employer health insurance requirements Reimbursement plans and Obamacare Temporary penalty relief through June 30, 2015 Penalty Beginning in 2015, large employers (those with 100 or more full-time equivalent employees) must begin offering health insurance coverage to their employees. Then, in 2016, employers with 50 or more equivalent full-time … [Read more...] about Beware of Draconian Penalties for Health Reimbursement Plans
Personal Tax
July 2015 Individual Due Dates
July 1 - Time for a Mid-Year Tax Check Up Time to review your 2015 year-to-date income and expenses to ensure estimated tax payments and withholding are adequate to avoid underpayment penalties. July 10 - Report Tips to Employer If you are an employee who works for tips and received more than $20 in tips during June, you are required to report them to your employer on IRS … [Read more...] about July 2015 Individual Due Dates
Tax Tips for Students with a Summer Job
Article Highlights: W-4 Tips Working For Cash Self-employment Tax Working in a Family Business ROTC Members Newspaper Carriers Many students hold a summer job during their time off from school. Here are some tax issues that should be considered when working a summer job. Completing Form W-4 When Starting a New Job – This form is used by employers to determine the … [Read more...] about Tax Tips for Students with a Summer Job
Tax Tips for Recently Married Taxpayers
Article Summary: Social Security Administration Internal Revenue Service U.S. Postal Service Withholding & Estimated Tax Payments Health Insurance Marketplace This is the time of year for many couples to tie the knot. If you marry during 2015, here are some post-marriage tips to help you avoid stress at tax time. Notify the Social Security Administration−Report … [Read more...] about Tax Tips for Recently Married Taxpayers
Parents Can Get Credit for Sending their Kids to Day Camp
Article Highlights: Child Age Limits Employment-related Expense Married Taxpayer Earnings Limits Disabled or Full-time Student Spouse Expense Limits With summer just around the corner, there is a tax break that working parents should know about.Many working parents must arrange for care of their children under 13 years of age (or any age if handicapped) during the … [Read more...] about Parents Can Get Credit for Sending their Kids to Day Camp