IRS Issues Changes in Revenue Procedure 2020-45

On October 26, 2020,  the IRS issued IRS Rev. Proc-20-45 outlining the changes in the various tax rates, brackets and exemptions, and other income and estate and gift tax exclusions. Highlights of Changes in Revenue Procedure 2020-45 The Consolidated Appropriation Act for 2020 increased the amount of the minimum addition tax for failure to file […]

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Medicare requires a specific form or it won't provide information

Power of Attorney is Not Enough for Medicare

A power of attorney is usually enough to take charge of a loved one’s financial and medical matters when they become incapacitated. But with Medicare, you need more than a POA.  Many people learn this the hard way. It is a problem that can be easily solved and will save you and your loved ones […]

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