Volz CPA, Inc. Newsletter

January 2016

WEBSITE ABOUT US PAYROLL RELIEF TAX CENTER

I hope you all had blessed and joyful holidays. We have sent out our annual tax letter to all of our 1040 clients. If you did not receive yours, let us know and we will send you another.

Are You Waiting for 1095 Obamacare Forms?

Many of you may have received letters from your health insurance provider or your employer regarding Forms 1095-B or 1095-C being delayed until the end of March. In most cases this will not cause a delay in filing your 2015 individual tax returns. As long as you had minimum essential health insurance coverage for the entire year, we do not need a 1095 Form. Here is a partial list of the types of coverage which qualify:

Medicare Part A coverage
Medicare Advantage (MA) plans
Most Medicaid coverage
VA health benefits
Employer-sponsored health plans
Other plans ruled minimum essential coverage through regulations

If you were covered by any of these plans for the entire year just check the box (the first green box on the 2015 PPACA Questionnaire we mailed to you with our tax letter).

New Scam Email

The following is a scam email that is NOT from the IRS. The IRS does not use email to contact taxpayers. ---

Tax Notification

Internal Revenue Service (IRS)
 United States Department of the Treasury

Date: 01/28/2008
 After the last annual calculations of your fiscal activity we have determined that you are eligible to receive a tax refund of $134.80.

Please submit the tax refund request and allow us 6-9 days in order to process it.

A refund can be delayed for a variety of reasons. For example submitting invalid records or applying after the deadline.

To access the form for your tax refund, click here.

Regards,
 Internal Revenue Service

Document Reference: (92054568).

Shred That Pass

What do you do with your used boarding pass after a flight or trip? If you typically just toss it in the trash on your way to baggage claim, that's a bad idea.

Barcodes and QR codes that are printed on airline boarding passes can contain a lot of information about the traveler, including personal details, future travel plans, and frequent flyer account information. And with that information, a scammer gets access to a lot more.

The best protection is to shred the boarding pass once you no longer need it rather than merely toss it into a waste basket.

VISIT OUR WEBSITE

Remember that filing your tax returns early is a deterrent to identity thieves. Both the IRS and Ohio are continuing and expanding their anti-fraud programs this year, so there will again be some delays in receiving tax refunds. We look forward to seeing you soon.

Peace,

James A. Volz, CPA
VolzCPA, Inc.
jim@volzcpa.com

9900 Carver Road Suite 100
Cincinnati, Ohio 45242

Phone: 513-794-1551 Fax: 513-794-1552