Rich Streitfeld, CPA

Posts by Rich Streitfeld, CPA

Richard Streitfeld – Buddhist Mensch

Unintended Consequences
Medicaid and the Affordable Care Act

While Obamacare has expanded healthcare coverage dramatically, it has also created some new difficulties. Consider:  “June Cleaver” is a single parent of two boys- Wally and Theodore (“Beaver”).  She just became a real estate broker and made $25,000 in 2015. JUNE’S HEALTHCARE OPTIONS FOR 2016 Medicaid.  The family’s projected income  for 2016 (based on 2015)
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Where’s My Refund?

Click on the links below for access to the agency of your choosing. IRS – https://sa.www4.irs.gov/irfof/lang/en/irfofgetstatus.jsp RI – https://www.ri.gov/taxation/refund/ MA – https://wfb.dor.state.ma.us/webfile/wsi/Public/Webforms/Features/ViewActivity.aspx – If you have not registered yet, you will be provided a link to do so. You must register on the site before using this feature.

Richard Streitfeld – Buddhist Mensch

Don’t Get Spooked

These items could give you nightmares if you are not careful: Miscalculating your Obamacare Subsidy Did you get hit with a penalty on your tax return, related to your health insurance? Explanation: Obamacare subsidizes your health insurance if your income is below a certain threshold. It upfronts the subisdy during the year, based on the
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Richard Streitfeld – Buddhist Mensch

Withholding 101

I have a prosperous and intelligent — let’s say attorney — as a client. “Shirley” was experiencing some cash flow issues last summer so I took a look at her year to date income and withholdings and projected what her tax return would look like come April. The news was good —she had already met
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