Posts Categorized: Newsletter

Sally Lindberg & Associates May 2017 Newsletter

Tax Insight–May 2017 Tax Deadline Second quarter individual estimated tax payments are due June 15. IRS to Use Private Debt Collectors Last month, the IRS started turning over to private collection agencies (PCA) the accounts of individual taxpayers who have inactive tax receivables. The IRS will be using these four collection agencies: ConServe Pioneer Performant… Read more

Tax Insight April 2017 Newsletter

Tax Notes If you no longer use paper checks, you can make payments to the IRS using myPay. For 2016, the annual gift tax exclusion is $14,000 per donee. For 2016, a qualified individual may exclude up to $101,300 of qualified foreign earned income. Set up my Social Security Account Setting up my Social Security… Read more

Sally Lindberg & Associates February 2017 Newsletter

As Tax Season Begins, Beware of Scams The Treasury Inspector General for Tax Administration (TIGTA) has been actively tracking down and bringing to justice those who make phone calls impersonating IRS employees in an attempt to scam innocent taxpayers. Although TIGTA has recently been instrumental in prosecuting some of these scammers, there is still concern… Read more

Tax Insight–January 2017

New January 31 Deadline for Employers Employers are now required to file copies of Form W-2 to the Social Security Administration by January 31. This new filing deadline also applies to Form 1099-MISC, which report non-employee compensation such as payments to independent contractors. Prior to the change, employers had until the end of February (if… Read more

Tax Insight November 2016 Newsletter

Important Tax Reminder If you have insurance through the Health Insurance Marketplace, you may be getting advance payments of the premium tax credit. The marketplace pays this advance directly to your insurance company, which lowers your monthly premium.   Any changes in your circumstances may affect the amount of your premium tax credit. Now is… Read more

Tax Insight October 2016 Newsletter

Tax Notes Schedule an appointment with me to discuss year-end planning. If you moved this year, I can help you complete Form 8822, Change of Address, to report your new address to the IRS. New Filing Deadline for FAFSA The Free Application for Federal Student Aid—known as the FAFSA—is a form that current and prospective… Read more