Last week TaxMama® was at the IRS stakeholder meeting in Downtown Los Angeles. This triannual meeting between IRS and key members of the tax professional community always results in interesting experiences. One of the tidbits I’d like to share is about the special COBRA benefit in the recent tax law.
You may be aware that people who have been laid off or fired from their jobs where their insurance was “COBRA’d,” can have their employer pay 65% of the premiums. You’ll find the details here – http://www.irs.gov/newsroom/article/0,,id=204505,00.html. But here are things you need to know in order to qualify:
Under what circumstances are you going to lose this?
Still hearing from students, they are passing part 1 like crazy. Only one person missed and would you believe she came “this” close with no prior background in taxation. I am very proud of her dogged persistence in getting answers to her questions!
We are just about to receive the Gleim materials, we will be shipping them to students next week.
Remember that you can still sign up for Parts 2 and 3 of the Live Course. Part 2 is in progress right now. Part 3 starts on August 25. We will run Part I again in the fall for those registering for the live course in July. You can register for the Live Course here.
Note: We are considering offering a special session on non-residents, due to popular demand.
TaxMama’s® August 5th workshop on Hobby Losses will help you avoid getting audited in the first place and will help you win audits that do come up. For more details check out the following link:http://csea.org/EducationandEvents/digiTAXEducation/tabid/89/Default.aspx
Don’t worry if you have missed the Live course for Part 1 or can’t make the dates for Part 2 and 3. The Self Study course is still a great way to learn at your own pace, on your schedule and with access to all AUDIO and VISUAL materials online from your office, your home, the beach or the International space station – anywhere your laptop, mp3 player, iPhone or Blackberry will take you. You can register at any time but why not do it now and get started on your way to a new, recession proof career – Register here.
Until next time,