God is in Control: Psalm 23:1-3 NKJV
The Lord is my shepherd; I shall not want. He makes me to lie down in green pastures; He leads me beside the still waters. He restores my soul; He leads me in the paths of righteousness for His name’s sake. Psalm 23:1-3 NKJV The Psalms are an excellent source of encouragement when we struggle with needing control in…
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Washington News: February – Week 5 – 2016
IRS Publishes ‘Dirty Dozen’ Tax ScamsAs the tax filing season nears the February peak, the IRS this week published the full “Dirty Dozen” tax scams. In previous weeks, the IRS has published separate releases that describe specific tax scams.The full “Dirty Dozen” include the following scams: Identity Theft – Taxpayers should protect their Social Security Numbers. To avoid tax refund…
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Washington News: February – Week 4 – 2016
IRS Warnings During Peak Filing SeasonEach year, the IRS publishes its “Dirty Dozen” list of tax scams. This week, the IRS warned taxpayers to avoid “phishing scams” and not to falsify income or make frivolous arguments.As of February 18, the IRS reports that there is a 400% increase in “phishing” emails. The email scammer attempts to trick taxpayers into thinking…
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Washington News: February – Week 3 – 2016
IRS Taxpayer Support in 2016Each year the IRS alerts taxpayers about potential tax problems and scams. Four of the 2016 “Dirty Dozen” scams were described in IRS letters this week. First, unscrupulous tax preparers may plan to file an inflated tax refund for you. IRS Commissioner John Koskinen stated, “Be wary of tax preparers that tout outlandish refunds based on…
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Washington News: February – Week 2 – 2016
IRS Tax Tips for 2015 ReturnsIn FS-2016-8 the IRS outlined seven tax tips helpful for filing your 2015 tax return. There are many new provisions and changes that may affect your tax return. Timing – Because April 15 is Emancipation Day in Washington, the normal deadline for most taxpayers is Monday, April 18. However, due to Patriots’ Holiday in Maine…
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Washington News: February – Week 1 – 2016
Healthcare Premium Tax Credit ReportingUnder the Affordable Care Act (ACA), over 4.6 million taxpayers received a premium tax credit (PTC) in 2014 and 2015. In FS-2016-5 the IRS explained various healthcare tax credit requirements.The premium tax credit is available for families and individuals with income from 100% to 400% of the federal poverty line. The 2015 qualified income amount for…
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Washington News: January – Week 4 – 2016
Tax Proposals by Sanders and BushPresidential candidates Bernie Sanders and Jeb Bush released new tax proposals this week. Vermont Senator Sanders disclosed his strategy for covering the cost of his comprehensive healthcare plan. Former Florida Governor Bush outlined a new education reform plan.Sanders released his tax plan for a universal healthcare proposal. The release was just before the recent Democratic…
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