Page 34 - AreaNewsletters "Feb'18" issue

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B US I NE S S
TAX TiPS
As we get into 2017 tax season here are a few
T
By Pro Accounting & Tax Services
he opening day for ling 2017 individual returns electronically was Mon., January 29, 2018. So if you haven’t yet, start collecting your income tax information now to le early.
The IRS will continue to assess the minimum individual shared responsibility payment for 2017 and 2018. You ask what is the individual shared responsibility payment, it is the insurance penalty payment for not having insurance coverage for that year. You need to have minimum essential health insurance coverage and qualify for an exemption.
Lastly, although some scammers have been caught just know when you get that nagging call and they say they are from the IRS and you owe a zillion dollars that it is a scam. hang up the phone and move on with your life. The IRS will never call you, they only correspond via certi ed mail. The agencies are continuing to crack down on these calls but when one scammer goes down it seems like a few more pop-up right behind them.
If you need your income tax prepared please call Janell Ball at 303-324- 8617; Pro Accounting & Tax Services located right here in Castle Rock.
Pro Accounting
& Tax Services
Janell D. Ball, Accountant Castle Rock, CO 80108
(303) 324-8617 Work
(303) 223-3303 Fax jdball65@gmail.com proaccountingtaxservices.com
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Mention: “Castle Rock AreaNewsletters”
Febuary 2018 • Castle Rock “AreaNewsletters” 34