health
Is voluntary life insurance pre or post tax?
A-4: There is nothing in the Internal Revenue Code that precludes an employee from paying for voluntary life coverage with pre-tax dollars. The entire pre...
Read Journal Category
Health
health
Why would I be getting a letter from Michigan Department of Treasury?
We will send a letter/notice if: You are due a larger or smaller refund. We have a question about your tax return. We need to verify your identity. We nee...
Read Journal
health
Does my billing address have to match my bank account address?
Companies use the billing address to verify the authorized use of such a card. Billing addresses must match what the card issuing bank has on file, or the...
Read Journal
health
Is military retirement a 1099-R?
If retirement is for disability, and all retired pay is tax-free, a IRS Form 1099-R will not be issued. Retirees are not required to report this tax-free ...
Read Journal
health
What should I do if I Lost my W2?
If you lost your W-2, your first step is to contact your employer to have another one reissued. In the event that you are unable to retrieve a new copy or...
Read Journal
health
Can a spouse claim an exemption on their tax return?
If you and your spouse are married filing jointly, you can claim one exemption for your spouse and one exemption for yourself. If you’re married filing se...
Read Journal
health
How far back can the IRS audit you?
How Far Back can the IRS Audit You: A very common question amongst taxpayers is: “How far back can the IRS audit me?” In other words, how long before a ta...
Read Journal
health
Do you pay taxes on death insurance money?
Generally, life insurance proceeds you receive as a beneficiary due to the death of the insured person, aren’t includable in gross income and you don’t ha...
Read Journal
health
When do I have to file income tax return for a deceased person?
When a person dies, further tax returns may be required. Here are three federal income tax returns that may be required. Final Form 1040 The first is the ...
Read Journal
health
What are the rules for required minimum distributions?
Your required minimum distribution is the minimum amount you must withdraw from your account each year. You generally have to start taking withdrawals fro...
Read Journal