TAX TIPS FOR 2016 TAX FILING SEASON: Get organized before your tax appointment – use a large envelope or file folder to accumulate tax documents as they arrive. Protect your identity – If you received an Identity Protection PIN, or IP PIN, in the past, then you must provide this number on your tax return [...]
An important part any retirement plan is your social security. Do you know what changes have been made and how they may impact you? Download the SSA Fact Sheet 2017 Social Security Changes to learn more. Still have questions? Call and set a time to talk to me. Carla Merlak and/or Merlak Tax Advisory [...]
Get organized before your tax appointment – use a large envelope or file folder to accumulate tax documents as they arrive. Protect your identity – If you received an Identity Protection PIN, or IP PIN, in the past, then you must provide this number on your tax return not only the current year but all [...]
Algonquin Library is hosting a FREE workshop sponsored by Merlak Tax! January 24th at 7pm Harnish Location click link below to register We will cover the 10 most commonly over looked Tax deductions Register Here
For the second straight week, the major domestic indexes all ended in positive territory: The S&P 500 was up 0.81%, the Dow increased 0.11%, and the NASDAQ added 1.61%.[1] While American indexes performed well, MSCI EAFE’s international equities declined 1.58%.[2] With the long, drawn-out presidential election behind us, investors are beginning to look past politics [...]
It’s tempting to use refund cash to pay bills and rent or splurge on a longed-for extra. Instead, you might consider this your opportunity to do a bit of forward planning. Here are 10 ways to avoid wasting your tax refund. 1. Upgrade Your Career Skills It’s no longer enough to just do a good [...]
individuals will receive new ACA information statements 1.) While the information on these forms may help you complete your tax return, they are not needed to file. You can file your federal tax return even if you have not received one of these statements. 2.) Form 1095-B, Health Coverage, is used by coverage providers to [...]
1. Supreme Court ruling on ACA Millions of people will now continue to have access to affordable health care in the states which did not establish marketplace healthcare exchanges. It also tees up our next three major tax issues. 2. Affordable Care Act changes for individuals The individual mandate penalty increases to the higher of [...]
