ObamaCare Facts!

November 12, 2014admin

• The official name for “ObamaCare” is the Patient Protection and Affordable Care Act (PPACA). It is also commonly referred to as Obama care, health care reform, or the Affordable Care Act (ACA). • The Affordable Care Act was si gned into law to reform the health care industry by President Barack Obama on March 23, 2010 and upheld by the supreme court on On June 28, 2012. • What is ObamaCare? ObamaCare’s goal is to give more Americans access to affordable, quality health insurance, and to reduce the growth in health care spending in the U.S. • The Affordable Care Act expands the affordability,… MORE

Penalty for the uninsured?

November 10, 2014admin

ObamaCare’s individual mandate requires that most Americans obtain health insurance by 2014 or pay a tax penalty.  The fee for not having insurance in 2014 is $95 per adult and $47.50 per child (up to $285 for a family) or 1% of your taxable income, whichever is greater.  Read More…. MORE

2014 Tax Season to Start Later

November 14, 2013admin

2014 Tax Season to Start Later Following Government Closure IRS Sees Heavy Demand As Operations Resume WASHINGTON — The Internal Revenue Service today announced a delay of approximately one to two weeks to the start of the 2014 filing season to allow adequate time to program and test tax processing systems following the 16-day federal government closure. Full Story Here! MORE

IRS refunded $4b to identity thieves

November 14, 2013admin

WASHINGTON — The Internal Revenue Service issued $4 billion in fraudulent tax refunds last year to people using stolen identities, with some of the money going to addresses in Bulgaria, Lithuania, and Ireland, according to an inspector general’s report released Thursday. Full Story Here! MORE