Tax Archives

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Big changes for Blue Shield 2014 and onwards.

Chad Terhune is a favorite author around this office. He writes great articles like this one about what’s going on in the health insurance market. https://www.latimes.com/business/la-fi-blue-shield-audit-20150705-story.html#page=1 In it, he breaks down what happened with a recent audit on Blue Shield’s funds. Here’s the Mom’s boiled down version. Blue Shield has been a non-for-profit since 1939. In recent… Continue reading Big changes for Blue Shield 2014 and onwards.

YOU’RE A COMPARISON SHOPPER FOR OTHER THINGS, THEN WHY NOT FOR MEDICAL STUFF?

You’re a smart shopper. You do your research. You clip coupons. You read Yelp reviews, compare online ratings and costs. So why is it when it comes to your health, you don’t do the same? The Insurance Mom is here to help you be your own best advocate. In this new world of Affordable-Care-Act-madness here… Continue reading YOU’RE A COMPARISON SHOPPER FOR OTHER THINGS, THEN WHY NOT FOR MEDICAL STUFF?

Gimme a break!

One reason to dislike the IRS a little less: The IRS is giving everyone THREE extra days (wahoo!) to file your 2010 taxes. If you’ve been putting off preparing your taxes until the last minute, you have until Monday, April 18th to get it done. No, the IRS is not just being generous. The mini-extension… Continue reading Gimme a break!

Small Businesses: How To Claim Your Health Insurance Premium Tax Credit

Questions abound! Here’s an answer: HOW TO CLAIM THE TAX CREDIT How does an employer claim the tax credit? The credit is taken on the annual tax return. The IRS will provide information on how tax-exempt employers can claim the new credit. Does taking the tax credit affect an employer’s deduction for health insurance premiums?… Continue reading Small Businesses: How To Claim Your Health Insurance Premium Tax Credit

Is The IRS Driving You Crazy?

Since so many of you are freelancing these days, The Insurance Mom wants you to be fully aware of how to manage your self-employment income and expenses, especially those handy little tax-deductible expenses. But watch out, the IRS is reducing your tax-deductible business mileage. So, drive carefully and now, drive less!

Taxing News

Just a quick heads-up about your taxes. The Insurance Mom wants you to act like a grown-up (even if you don’t feel like one!) and be a responsible money manager. 1. If you are self-employed and paying quarterly estimated taxes, your 2009 4th quarter taxes are due 1/15/10. 2. 1099s must be issued no later… Continue reading Taxing News