When you lay off employees, severance pay is often a part of the deal. According to the United States Department of Labor, this pay is not required under any circumstances. However, many employers choose to offer severance pay in order to ease the transition into unemployment or a new job. Unfortunately, even though severance pay […]
Archives for February 2015
What to Do if Your Tax Refund Check is Stolen or Lost
Whether your tax refund check was lost or stolen, swift action is the best course of action to handle the situation. The longer you wait, the more difficult it becomes for the IRS to track the check and get your money to you. These are the steps you need to take. Lost Refund Checks Lost […]
The New Form 1095-A: Reporting Health Insurance Coverage
For the first time, all taxpayers must include information about their health care coverage to the IRS on their 2014 Form 1040. Another year, another tax form or two. The year 2014 was the first tax year that the Individual Shared Responsibility Provision (SRP) of the Affordable Care Act (ACA) went into effect. That means […]