Month: January 2014

You may need two new tax forms this year

If either or both of the surtaxes that took effect in January 2013 apply to you, be prepared to see additional forms included with your federal income tax return this year. “Form 8959, Additional Medicare Tax,” is used to report the…

Do you know the changes to itemized deductions for 2013?

When adding up deductions for your 2013 federal income tax return, be aware of two changes to  (Itemized Deductions). Medical expense floor. On this year’s return, you can deduct medical expenses once total out-of-pocket payments are greater than 10% of your…

How to prevent embezzlement at your company

When an employee is caught embezzling funds at a giant multinational corporation, news outlets are eager to broadcast the story from coast to coast. Yet small businesses are victimized by employee theft every day. When a worker embezzles funds at…

Did you buy health insurance on the government website?

If so, you may be eligible for a federal tax credit that begins this month. The new “premium assistance credit” will help offset health insurance policy premiums when your income is within an established range. The determination of your eligibility…