Tax resolution attorney John Willis, CEO and founder of IRS ALLSTAR gives readers an overview of items that will be in effect during the upcoming tax season, some of which may cause taxpayers ill effects if overlooked.
Fairhope, AL, November 7, 2017: Tax Attorney John Willis, CEO and founder of IRSALLSTAR.com, recently posted a new article on his website entitled “This Coming Tax Season Could Make You Sick.” Mr. Willis provides information that can help taxpayers avoid unnecessary stress during the 2018 tax season.
Willis states, “It’s no joke. Tax season is typically nerve wracking on its own, but for this upcoming tax season there are a couple of things happening at the IRS that are bound to negatively affect millions of taxpayers.”
“First of all,” says Willis, “whether you are healthy as a horse or sick as a dog, not having health care coverage or simply not indicating whether you do or not, could get your tax return booted out of the IRS. And that could make anyone sick.” He adds, “This upcoming 2018 filing season is the first in which the IRS will not accept returns that have not addressed the health care coverage requirements of the Affordable Care Act.”
According to Willis, “The IRS said that it would not accept the electronic tax return until the taxpayer indicates whether they had coverage, had an exemption or will make a shared responsibility payment.” He continues adding, “On top of that, the IRS said tax returns filed on paper that don’t address the health coverage requirements may also be suspended pending the receipt of additional information.” Worst of all says Willis, “If you file and you’re expecting a refund, you will have to re-file if the health coverage requirement is left unaddressed on your tax return. Don’t plan on spending your refund any time soon!”
On a different note, Willis writes, “The IRS has also increased the contribution limit for taxpayers who are enrolled in 401(k), 403(b), most 457 plans, and the federal government’s Thrift Savings Plan. You can now contribute $500 more per year. The previous contribution limit was $18,000. Now it’s grown to $18,500.
The entire article can be read at: http://www.irsallstar.com/articles/this-coming-tax-season-could-make-you-sick.php
ABOUT JOHN WILLIS
Mr. Willis believes strongly in supporting and representing the “underdog” and has devoted his entire professional life to protecting and defending those who need it most. As an attorney, Mr. Willis takes his role as “counselor” seriously. His knowledge, creativity and persistence are valuable assets that provide substantial benefits to his clients. He has represented individuals and businesses across the Gulf Coast for over 15 years and he brings together an abundance of skills and experience that can be of assistance to almost anyone.
ABOUT THE IRSALLSTAR TEAM
The IRS ALLSTAR team has developed a winning formula to ensure that each client’s individual needs are specifically met. Upon becoming a client of Mr. Willis’ law firm, that client’s immediate needs are assessed and long-term goals are defined. Experienced professionals on the IRSALLSTAR team then assist each client in developing and implementing a custom-tailored game plan to provide both short-term and long-term relief from his or her serious tax problems. All firm clients are continually coached toward successful tax resolution and final victory over their challenges with the IRS and state taxing authorities.
To learn more about Mr. Willis and his law firm please visit http://www.IRSALLSTAR.com or call toll-free 877-254-4254.