Month: November 2015
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Another lesson on why you can’t believe what you read on the Internet
A few days ago I wrote about the danger of incorrect or out-of-date information on the internet at https://novaktony.wordpress.com/2015/11/01/dont-believe-what-you-read-online-especially-about-health-insurance/ Here is another example of why we can’t believe everything on the internet: A woman from Florida called tonight asking for help with finding a Celtic Insurance agent for health insurance. I explained that Celtic no longer offers…
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Year end tax planning referral marketing message
This is the first referral marketing message that I’ve used, thanks to help from Sara and others. Comments and feedback are welcome. I expect to send this to about 100 people where I have attempted to refer business this year or have otherwise developed some business relationship. “At this time of the year I am…
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Don’t believe what you read online, especially about health insurance
This hit me as a shocker today when I Googled the term “taxation of health insurance benefits”. I found that every reference on the first page of the Google listing, excluding the two IRS web site references, either contained errors or the advice was out-of-date and now incorrect. (IRS web pages have been known to contain…
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Health Plan Taxes: Internal Revenue Code Section “4890D” or “4980D”?
This morning I am finishing an article for NJCPA on health plan excise taxes under IRC 4980D. This is a new code section brought about by the Affordable Care Act. 2015 is its first year of implementation for small businesses. Tax liability can be substantial for those caught unaware, so this id the reason for a…