Wednesday, March 12, 2014

Where's My Refund?




IRS:

If you already filed your federal tax return and are due a refund, you have several options to check on your refund. Here are some things the IRS wants you to know about checking the status of your refund. "Where’s My Refund?" is an interactive tool on http://www.irs.gov and is the fastest, easiest way to get information about your federal income tax refund. Whether you split your refund among several accounts, opted for direct deposit into one account, used part of your refund to buy U.S. Savings Bonds or asked the IRS to mail you a check, Where’s My Refund? gives you online access to your refund information, 24 hours a day, 7 days a week. It’s quick, easy and secure. If you e-file, you can get refund information 72 hours after the IRS acknowledges receipt of your return. If you file a paper return, refund information will generally be available three to four weeks after mailing your return. When checking the status of your refund, have your federal tax return handy. To get your personalized refund information you must enter your Social Security Number or Individual Taxpayer Identification Number, your filing status which will be Single, Married Filing Joint Return, Married, Filing Separate Return, Head of Household, or Qualifying Widow(er), AND the exact whole dollar refund amount shown on your tax return. IRS2Go is is the IRS’ first smartphone application that lets taxpayers check on the status of their tax refund. Apple users can download the free IRS2Go application by visiting the Apple App Store. Android users can visit the Android Marketplace to download the free IRS2Go app.
OREGON:
Want to check on the status of your 2011 Oregon personal income tax refund? With just your name, your Social Security number, and last year's Oregon Taxable Income, you can look up your status online! It's safe, it's secure, and it's really easy, just go to "Where's My Refund?" and follow the steps online.
CALIFORNIA:

You will need the following to check the status of your 2011 California personal income tax refund:
Your social security number, your mailing address, and the refund amount shown on your tax return. For more information and to check on your refund, see "Where's My Refund California?"

NEW YORK:

Generally, you'll get your refund in six to eight weeks from the date we receive your return. You'll get it faster if you e-file your return and have your refund deposited directly into your bank account. If we identify an issue with a tax return, our review may take longer than six to eight weeks.
To check the status of your refund, see Income Tax Refund Status.

Remember the Arts Tax




Remember This From Last Year?




 On November 6, 2012, Portland voters passed the Arts Education and Access Income Tax (Arts Tax). This new income tax will fund Portland school teachers and art focused non-profit organizations in Portland.
Each Portland resident, age 18 and older, must file. Your tax is $35 unless:
Call 503-865-4ART (4278) to speak to a customer service representative Monday thru Friday, from 8 a.m. to 5 p.m., or email artstaxhelp@portlandoregon.gov.
How To Pay The Tax
MB Tax Pro, does NOT file this on your behalf, you are required to file.
Where Does the Money Go?
Net revenues from the Arts Education and Access Fund will be disbursed by the Revenue Bureau to six Portland area school districts and Regional Arts & Culture Council (RACC). The Citizen Oversight Committee is charged with reviewing the expenditures, progress and outcomes of the Arts Education & Access Fund and reporting their findings annually to City Council.

 Arts Education: Portland School Districts

  1. Funds distributed to school districts will be used to hire certified arts or music education teachers for elementary school students for Kindergarten through 5th grade (K-5).
  2. Distribution is based on a ratio of one teacher for every 500 K-5 students at schools that serve Portland K-5 students. Schools and Charter schools with less than 500 Portland K-5 students will get funds on a pro rata basis based on the number of students attending that school.
  3. Students attending schools that receive no distribution of funds will not be counted.

Funds will not be distributed to elementary schools within the school districts:

  1. That have no Portland K-5 students.
  2. That have Portland K-5 students enrolled, but whose catchment does not overlap with the City of Portland’s geographical boundaries.

Districts receiving funding:

Arts Access: Regional Arts & Culture Council

Any funds remaining after distribution to the School Districts shall be distributed to RACC. The City’s contract with RACC ensures the funds are spent as follows:



Grants to support non-profit Portland arts organizations



  1. Up to 95% of the remaining funds will be distributed to RACC for grants to support non-profit Portland arts organizations.
  2. RACC will decide which arts organizations will get funds based on their contract with the City.
  3. If RACC distributes less than 95% of the funds to non-profit Portland arts organizations, the remaining funds will go to non-profit organizations and schools that will give access to arts experiences to K-12 students and for grants and programs that will make arts and culture experiences available to Portland residents.

Friday, March 7, 2014

So You Think You Out-Foxed the IRS, Obamacare and The Employer Mandate? Think Again...

Reducing your Work force to avoid Obamacare's employer mandate? The internal Revenue Service may have a problem with that. 
That's according to regulations issued by the IRS in February, when the Obama administration announced that businesses with under 100 employees won't face penalties until 2016 for failing to provide health insurance to their workers. The Affordable Care Act called for this employer mandate to start in 2014 for businesses with more than 50 employees, but the Obama administration first moved that deadline back to 2015, and then temporarily expanded the threshold to 100 employees in its most recent delay.
But before you start trimming your staff to get under 100 employees, you may want to read the fine print. The National Federation of Independent Business did, and found a troubling provision: If you reduced the size of your work force to under 100 employees, you have to certify that you did so for "bona fide business reasons," not simply to become exempt from the employer mandate.
What does the IRS consider to be bona fide reasons to cut staff? "The sale of a division, changes in the economic marketplace in which the employer operates, terminations for poor performance, or other similar changes unrelated to eligibility for the transition relief provided" from the employer mandate, the regulations state.
To NFIB Dan Danner, this means the Obama administration has given "sweeping power" to the IRS "to judge employment decisions as part of an Obamacare enforcement scheme.”
NFIB has sent a letter to the IRS asking it to explain what law gives it the authority to require businesses to certify the reasons behind personnel changes.
"The president created an unworkable health care law that reduces hours and costs jobs," Danner said. "Now that those realities are happening – the answer is to tell employers they can’t adjust their payroll to meet the financial needs of their business. Between the pushed deadlines, unenforced laws, and now this employment certification – small businesses are afraid of how the administration will top itself next."

Kent Hoover
Washington Bureau Chief
http://www.bizjournals.com/seattle/news/news-wire/2014/03/06/get-ready-to-explain-your-personnel.html?ana=e_du_pub&s=article_du&ed=2014-03-06&page=all