Update on taking charitable donations for state tax credits - of great interest to high tax states contemplating allowing taxpayers to make "donations" to the state to offset and reduce their state liability. Interesting reading.
https://www.irs.gov/newsroom/treasury-irs-issue-proposed-regulations-on-charitable-contributions-and-state-and-local-tax-credits
IRS.GOV
Treasury, IRS issue proposed regulations on charitable contributions and state and local tax credits | Internal Revenue Service
Reminder - IRS does NOT send e-mails.
Watch for fake e-mails that pretend to be from the IRS saying they are going to take your state refund. Do not click on any links or download anything if you receive an e-mail stating that it is from the IRS.
Watch for unexpected refunds - new fraud scam.
http://www.foxbusiness.com/features/irs-says-thieves-are-stealing-refunds-from-taxpayers
FOXBUSINESS.COM
IRS says thieves are stealing refunds from taxpayers
Food for thought.
Michael S Reeves is with Trish Mike Guffey.
May 7, 2017 at 6:43 AM · South Paulding Woods, GA ·
This is so true
There are a lot of questions about exemptions from the penalties for Obamacare. See the following website for details and applications. Unfortunately these do not apply if you received more in subsidies than your income allows. these still have to be repaid.
https://www.healthcare.gov/health-coverage-exemptions/exemptions-from-the-fee/
HEALTHCARE.GOV
Exemptions from the fee for not having coverage
House Releases Highlights of Proposed Tax Reform
http://www.speaker.gov/general/highlights-unified-tax-reform-framework
Highlights of the Unified Tax Reform Framework
Highlights of the Unified Tax Reform Framework
See more at
speaker.gov