PaulK

F A T C A + U

By PaulK | February 11, 2016 | 11

The questions keep rolling in.  After a little research to ensure current information, the answers roll right back out.  With many clients sending their tax information to me early this year, things are starting to get pretty busy.  Time for researching is at a premium, so when help comes along from the IRS, it’s welcome. The topic of a number of recent questions has been focusing on overseas bank accounts and the Foreign Account Tax…

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ACA sez, “12MO MEC”

By PaulK | February 3, 2016 | 118

What the “padiddley” is that?  Off the medications again, Paul?   You’re writing gobbledygook – what are you trying to say? Well, dear readers, that’s shorthand for our topic today.  Many a question has been asked regarding this topic, so I guess it’s time to remove the mirrors and clear the smoke.  Here’s the key to the cryptic title: ACA = Affordable Care Act. 12MO = Twelve (12) months. MEC = Minimum Essential Coverage Decrypted, the…

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January 19, 2016 …

By PaulK | January 28, 2016 | 34

… has come and passed.  A new phase has just begun, and the length of its “season” is entirely up to each, individual person involved.  Are you involved?  Maybe; maybe not.  Let’s find out. The somewhat magical day cited in the title is the day that the U.S. Internal Revenue Service started accepting electronically filed individual income tax returns for the tax year 2015.  It is often considered to be the start of “tax season.”…

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Oops, It Happened Again!

By PaulK | January 6, 2016 | 10

Like a knock-off of the familiar Britney Spears tune (vis. “I did it” vs. “It happened”), it appears that I’m caught repeating many recent moments in my life.  All of these incidents of “near deja vu” have occurred in the last weeks of December 2015.  Why this, and why now? Could it be that “Father Time” is trying to send me a last-minute message?  Did I not exert enough effort or sufficiently contemplate the importance…

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-berrrrr

By PaulK | December 23, 2015 | 10

We’re almost in the home stretch.  Half of the last “-ber” month is already over, and Christmas is a little over a week away  (as of this writing).  Our Municipality is gearing up for its own “3 N 1” – Christmas, the town fiesta, and New Years – and everyone’s a youngster again. Somewhat unseasonable weather, like a meteorological Grinch, is trying hard to dampen the townsfolk’s spirits; but it’s failing to do so.  Wintery…

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Deja Vu

By PaulK | December 16, 2015 | 5

As the late, great Hall of Fame catcher for the New York Yankees Yogi Berra once said, “This is like deja vu all over again.”  Yogi might have coined this “Yogi-ism,” but like many who quote him, I occasionally live it.  This week is a good case in point. ANOTHER OLD WEEK For me, making plans has turned into more of a hobby than a meaningful way to schedule my free time.  The problem?  These days,…

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