November 6, 2014
In 2015, for the third year in a row, the basic Medicare Part B premium will stay at $104.90 a month. However, taxpayers with Modified Adjusted Gross Income (MAGI) from two years ago exceeding a threshold amount will pay higher monthly premiums. For example, an individual with a federal filing status of married filing jointly with 2013 MAGI of $170,001–$214,000 will pay $146.90 in 2015 for Part B premiums. If their 2013 income was $214,001–$320,000 their premiums will be $209.80. See www.medicare.gov/your-medicare-costs/part-b-costs/part-b-costs.html for a 2015 premium rate table.
– Thomson Reuters
With 2019 officially here, it is time to remind you that January 15th is the due date for the fourth quarter estimated tax payments. If you are required to make estimated tax payments, use the payment vouchers that you received after filing your 2017 returns.
Remember, if you do not pay enough tax by the due date of each payment period, you may be charged a penalty when you file your...
The holiday season is already in full swing, and as much as it can be a welcome distraction can be from our everyday lives, that distraction can cause its own issues as well.
We’ve noticed, here at SGA, an increased number of instances of scam emails and voicemail schemes lately. The scammers are trying to catch you off guard and get you to react in a way that you might...
The IRS requires you to keep your records that support an item of income or deduction on a return until the period of limitations for that returns runs out. The period of limitations is the period of time in which you can amend your return to claim a credit or refund, or the IRS can assess additional tax.
Period of Limitations: