Do a Midyear Checkup on Your Health Care Subsidy

Maybe you thought your work was done once you bought health insurance for the year on one of the government-run exchanges. Not quite. The IRS and other tax experts say now is a good time to revisit that purchase to make sure you’re getting the federal premium assistance you’re entitled to. Whether you’re getting too little - or too much and have to repay it later - there’s still time to contact the exchange and correct any errors for this year. >> Birthday …

Tax Scammers Up Ante With Robocalls

In the four months since it made history as “the largest scam of its kind,” a now infamous IRS imposter telephone scam has escalated with a recent new spin. As fraudsters continue to pose as agents with that agency or the U.S. Treasury Department in “live” calls that threaten arrest or deportation, along with the seizure of property, businesses and driver’s licenses, they’ve recently upped the ante to now also incorporate robocalls in this widespread ruse. Either way, the story is …

It’s Tax Day! Don’t Forget to File

If you’re rushing to get your taxes done before today’s midnight deadline, take some comfort that you’re not alone. The Internal Revenue Service expects to receive about 35 million returns in the last week or so before the filing deadline. At this point, the time for most moves to lessen your tax bite is long over, although even on this deadline day you may have one more opportunity. It’s still possible to make a 2013 contribution to a deductible individual retirement …

Fear Is Back! Jury Duty, Other Intimidation Scams Return

As the forecast faithful can verify, March certainly came in like a lion. But out like a lamb? Scammers continue to be anything but sheepish in trying to steal your money and identity. Witness the recent return of the jury duty scam. That’s when fraudsters, posing as courthouse officials or police, telephone with claims you missed jury duty. Because of that, they threaten, you’re going to be arrested unless a fine is immediately paid – sometimes requested by credit card, but usually a …

Same-Sex Couples Still Waiting for Equal Financial Treatment

The U.S. Supreme Court ruled the law that prevented same-sex spouses from enjoying federal benefits was unconstitutional nearly a year ago, yet the financial repercussions for these couples are still being worked through. Federal agencies have been updating their regulations to comply, and some have moved faster than others. And even among agencies that have acted, how they handle same-sex marriage differs. The IRS, for instance, says same-sex spouses now must file federal returns as joint filers or as married …

New IRS Message to Taxpayers: We’ve Got Your Back

The recently installed head of the Internal Revenue Service, John Koskinen, dropped in on members of the media the other day at the National Press Club in Washington. His message: The tax collection agency is out to restore public trust amid accusations the IRS acted inappropriately in reviewing tax-exempt status for certain public welfare groups, known as 501(c)(4) organizations. “Taxpayers need to be confident that the IRS will treat them fairly. It doesn’t make any difference who they are, what …