RIN Attest Deadline Modified per EPA May 23, 2018 - At Christianson, we want to keep you in the loop with all of the required information you should know to ensure you remain compliant. We received word this weekend from the Environmental Protection Agency (EPA) that their Central Data Exchange (CDX) (the Agency's electronic reporting system) will be down on June 1 (the RIN Deadline) starting at 9pm EST and will remain down throughout the weekend. This is important because rather than having until midnight on June 1 to complete your RIN attest, Q1 quarterly reporting and producers’ RFS0901 report, ALL will have to be done and submitted by 9pm EST. This is a big change that impacts many of our clients, and every one of the RIN attest Read More...
Archives for May 2018
A New twist on an old phone scam
IRS is warning taxpayers of a new twist on an old phone scam The IRS is urging taxpayers to remain alert to tax scams year round, but especially immediately following the tax deadline. The Internal Revenue Service is warning taxpayers that criminals are now using a new twist on an old phone scam where criminals use telephone numbers that appear to be IRS Taxpayer Assistance Center (TACs) numbers to trick taxpayers into paying fictitious tax bills. In this newest phone scam, criminals call claiming to be from a local IRS Taxpayer Assistance Center. The scammers have programmed their computers to display the TAC telephone number, which will appear on the taxpayer’s Caller ID. When the taxpayer questions the legitimacy of the call, Read More...
College Savings – What do I do?
What Are The Best Vehicles To Save For College? A college education can be one of the most important investments you ever make. But the benefits of your child's increased earning power and expanded horizons come at a price — college is expensive. Many families finance a college education with a combination of resources, but your savings are the cornerstone of any successful college funding plan. So it's important to start saving as soon as you can. For 2017/2018, average costs for tuition, fees, room, and board are: $20,770 — public college $46,950 — private college (many private colleges cost substantially more) Source: College Board, Trends in College Pricing 2017 Where should you put your college savings? There are many Read More...
The HSA Contribution Limit has Changed Again
As many of you read in our previous post about HSA Contribution, in March the IRS announced a reduction to the maximum amount a family could contribute to a health savings account (HSA) in 2018 from $6,900 to $6,850. Just recently the IRS reversed the decision and is declaring that the maximum limit for families to contribute has been raised to $6,900. The $6,900 limit as originally announced before the tax law was passed in late 2017. After the limit was reduced months later, it created a complicated situation for people who had already contributed the full $6,900 amount. They faced having to withdraw the extra $50 before next April 15 unless the IRS relaxed the rules for this year. What do I need to do? It's advised that you work Read More...