Did You Know...>About one-third of individuals turning 65 in 2010 will need at least three months of nursing home care, 24% more than a year, and 9% more than five years.(Source: What Is the Distribution of Lifetime Health Care Costs from Age 65?, Center for...

The new Medicare Part B premium amounts for 2013 have announced.  The base monthly premiums increase $5.00 from $99.90/month in 2012 to $104.90/month in 2013.Some taxpayers have to pay higher premiums due to high AGI.  The amount varies based on the...

OVERVIEWPresident Obama secured a second term in office November 6, 2012, in the end winning the Electoral College by a wide margin. The President's re-election now sets in motion what will likely be difficult negotiations between Democrats and Republicans over the...

President Barack Obama urged middle-class families who are in danger of seeing their taxes go up next year to begin using Twitter and other forms of communication to urge lawmakers to extend tax cuts for the middle class.Obama said Wednesday they should use a new...

If you receive a letter or notice from the IRS, it will explain the reasons for the correspondence and provide instructions. The notice you receive covers a very specific issue about your account or tax return. Generally, the IRS will send a notice if it believes you...