Reaction from Businesses for Obama’s HealthCare plan: Reducing benefits
10:12 AM Posted by Jason
Various health care companies have already announced that the premium health care plan will be costlier as their cost is on the high. Some companies are also firing the empoloyees to cut down their cost. Most of the companies are cutting the benefits of customers to keep themselves in business.If we check some companies, this grave situation can be felt. Caterpillar has announced that in the first year only it has to bear $100 million more cost to keep it afloat.
Medtronic the medical device manufacturer said that the new tax can escalate their cost and force them to fire workers.
On the other hand Verizone announced that they are cutting the benefits to cut down the cost. So get ready to pay more for your health care or you have to be satisfied with less benefits.
Top 10 Tax filling Mistakes - Part 1
9:13 AM Posted by Jason
If you miss the federal income tax return, then you can have to pay hefty fine so always check for the common tax filing mistakes before submitting the return.Wrong status filing:
While filing the tax return you have to specify your filing status like single or married filing separately or filing jointly. If you are married then you and your spouse has to agree on the point that whether you are going to file tax separately or jointly. You two can’t fill different status option as this can lead to more problem. Wrong status can result in denial of tax credit claims like dependent care credit etc.
Faulty Address:
While submitting the paper return always peel off the label on the tax form and make corrections in the label. If you don’t have the label, then print your name and address and file it with the return.
Missing Social Security Number:
While filing income tax return, your social security number is very much important. It helps you to get the deductions and your claimed credits. If you have entered wrong SSN then your claim can be rejected or delayed for the correction procedure.
Unsigned return:
Many people forget to fill up most easy job of return filing. They forget to sign the form. This last step is crucial and this can result in denial of the return or you can also have to pay the penalty for the delay. The person’s filing jointly should also remember to have the spouse’s signature on the return.
Errors in calculation:
While calculating the return always be careful and use calculators to avoid any mistake. The Internal Revenue Services can catch the mistake and make the changes. But there is no surety of it so any mistake in calculation can lead you to over pay. So always be careful during the calculation and make sure you have deducted and added all the items properly.
These are 5 mistakes that people do often while filing the return. Checkout the next post for the rest of the mistakes.
Clear your Doubts on Federal Housing Tax Credit
4:03 AM Posted by Jason
We heard about the Federal Housing Tax Credit for the first time home buyers, but very few know about its intricacies. Most of us have great confusions regarding it. This video is going to help you to clear your doubts about tax credit.
