Keep in mind that the deduction is not available if you’re eligible to participate in an employer- subsidized health plan maintained by your employer or your spouse’s employer.
Your tax appointment—it comes around every year and it’s always a good idea to start preparing for
it early. In preparation, you should contact me soon to reserve a time for your appointment. Be sure to choose a time when you expect to have all of the documents you need for your appointment. If you’re not sure what you need to bring, give me a call and I’ll help guide you. For now, here are a few things you’ll want to bring along, if they’re applicable to your unique circumstances:
If relevant to your circumstances, you may also need to bring in social security numbers for all dependents, Form 8332 (if you are a noncustodial parent), last year’s tax return and any postcards or tax booklets received from the IRS. If you have any questions about whether you have all of the documents and information you need for our appointment, feel free to give us a call. We’ll be glad to help.
A legitimate service from the IRS
New IRS scams continue to surface in an attempt to take your money or personal information. Deceitful communications come via phone, email, post and sometimes even a knock on your door. It’s important to know that the IRS does occasionally contact taxpayers, but when they do, it’s most often by mail.
Sometimes the IRS needs to verify a taxpayer’s identity and will do so by sending a Letter 5071C. This occurs when the IRS stops a suspicious tax return that contains a real taxpayer’s name and/or social security number but is flagged for identity theft. Taxpayers who receive requests from the IRS to verify their identity should use the Identity Verification Service website at idverify.irs.gov. This is the fastest and easiest way to complete the task. If you receive Letter 5071C, please contact me so that I can help you answer the series of questions about your identity and tax return history.
Once the IRS verifies your identity, you can confirm whether you filed the return in question. If you did not file the return, the IRS can take steps to assist you. If you did file the return, the IRS will need approximately six weeks to process it and issue a refund.
If you receive an email, letter or phone call and you’re in doubt as to whether it’s from the IRS, contact me so we can determine if the correspondence is real or simply an attempt to steal your identity.