2014 Episode 8 - December 20, 2014

Gilbert discusses recent headlines involving the IRS, and scams. He has warnings for us regarding ACA (Affordable Care Act) regulations: 1) Make sure all your family members are covered, 2) if you have a private (non-employer sponsored) policy, be sure it is compliant. Watch for the new 1095A which will be issued to all marketplace policyholders and must be filed with your tax return as proof of coverage. Gilbert talks about various state and federal credits including the Work Opportunity credit and Historical District credit; some of these will expire on 12/31/2014. He also offers a history tidbit on Enrolled Agents. The profession came into being with the Dead Horse Act of 1884, to ensure Congress was not paying post-Civil-War restitution on too many dead horses!