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Healthcare enrollment deadline near

From USA.gov If you’d like your health coverage to begin January 1, 2014, be sure to enroll in the Health Insurance Marketplace by December 23, 2013. There are four ways to apply for health insurance through the Marketplace: online, by phone, in person, and by mail. Although December 23 is the deadline for coverage beginning January 1, you can apply for Marketplace […]

2014 Standard Mileage Rates for Business, Medical and Moving

WASHINGTON — The Internal Revenue Service has issued the 2014 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2014, the standard mileage rates for the use of a car (also vans, pickups or panel trucks) will be: 56 […]

Which Financial Documents Should You Keep On File?

… and for how long? Provided by Milton Cooley You might be surprised how many people have financial documents scattered all over the house – on the kitchen table, underneath old newspapers, in the hall closet, in the basement. If this describes your financial “filing system”, you may have a tough time keeping tabs on […]

Tax Credit Helps Moderate Income Workers Save for Retirement

WASHINGTON — Low- and moderate-income workers can take steps now to save for retirement and earn a special tax credit in 2013 and the years ahead, according to the Internal Revenue Service. The saver’s credit helps offset part of the first $2,000 workers voluntarily contribute to IRAs and to 401(k) plans and similar workplace retirement […]

Don’t Fall for Charity Scams Following Disasters

The IRS warns consumers not to fall for bogus charity scams. They often occur in the wake of major disasters like the recent tornadoes in the Midwest or the typhoon in the Philippines. Thieves play on the goodwill of people who want to help disaster victims. They pose as a real charity in order to […]

Your Annual Financial To-Do List

Things you can do before & for 2014. Provided by Milton Cooley   What financial, business or life priorities do you need to address for 2014? Now is a good time to think about the investing, saving or budgeting methods you could employ toward specific objectives. Some year-end financial moves may prove crucial to the […]

Financial Considerations for 2014

What changes should we consider making for next year? Provided by Milton Cooley 2014 is really not too far away. Fall is the time of year when the financially savvy start to look for ways to reduce their taxes and make year-end moves in pursuit of key financial objectives. What might the big picture hold? […]

IRS Warns Public of Scams Relating to Relief of Typhoon Victims

WASHINGTON ― The Internal Revenue Service today issued a consumer alert about possible scams taking place in the wake of Typhoon Haiyan. On Nov. 8, 2013, Typhoon Haiyan – known as Yolanda in the Philippines – made landfall in the central Philippines, bringing strong winds and heavy rains that have resulted in flooding, landslides, and […]

Temporary Tax Provisions Set to Expire in 2014

Some may be renewed, others may not be. Provided by Milton Cooley At the end of every year, certain federal tax breaks face a sunset. Some are renewed, some expire. As 2014 will soon start, here is a list of some of notable tax provisions that may go away next year – offering some opportunities […]

IRS Warns of Phone Scam

November 8, 2013 The IRS is warning the public about a phone scam that targets people across the nation, including recent immigrants. Callers claiming to be from the IRS tell intended victims they owe taxes and must pay using a pre-paid debit card or wire transfer. The scammers threaten those who refuse to pay with […]