An open letter from our CEO, Kerri Cuff regarding the 2015 tax season
Dear Tax & Accounting Client:
Tax filing season 2014 is now “open for business”. The IRS will begin accepting corporate tax returns on January 9, 2015 and individual tax returns on January 20, 2015. The sooner you file, the sooner you will know the amount of your refund or the amount due on April 15th. We are accepting appointments now for tax consultations. If you have questions, now is the time to call or come in so that you are prepared to file as soon as possible.
In 2010 when Congress passed the “Affordable Care Act” (commonly known as “Obamacare”), the effects seemed far away to many of us. Now that tax season 2014 is here there will be several direct effects upon every American, with the requirement that all Americans of all ages obtain qualified health insurance for the entire year. The requirement to obtain health insurance applies to you individually as well as to anyone you claim as a dependent on your tax return.