LMGW is happy to announce the Employee of the Quarter going to Terry Rodriguez AND Linda Lloyd! Both people were an integral part of the move that happened during October and we could not have switched buildings without them. Terry and Linda worked diligently, stepped up and worked a great deal of overtime so everything could fall into place.
LMGW is proud to announce new baby girl Alina. Senior Accountant Kim Tran and family welcomed the baby on January 8th and everyone is happy and healthy!
The IRS now allows Electronic Signatures on tax returns, which is optional.
By signing a tax return you are declaring “under penalties of perjury that the return is true, correct and complete”, as well as your consent to disclose this information to the IRS and third party Electronic Return Transmitters (our tax software company). In the past the IRS wanted us to keep records of your actual signature on forms 8879 or 8453. Now they are happy with the eSignature technology and allow you to sign your returns electronically.
This works in the following manner:
1) To use the e-signature feature you must have your LMGW online client access account registered. Your return and the e-signature package will be delivered to this location upon completion of your tax return.
2) We send you a link where you will verify your identity, review your tax return, and find the signature forms.
3) You review your tax return (online) and approve, then sign electronically. If filing jointly with your spouse, spouse’s signature is also required.
4) You can immediately download a convenient zip file that contains your copy of the e-Signed returns once e-Signature has been completed.
In addition to being easy (no more printing forms, signing and faxing back), this saves time and paper, and eliminates lost mail.
When you enroll in coverage through the Marketplace during Open Season, which runs through Jan. 31, 2016, you can choose to have monthly advance credit payments sent directly to your insurer. If you get the benefit of advance credit payments in any amount, or if you plan to claim the premium tax credit, you must file a federal income tax return and use Form 8962. Read more
The Affordable Care Act requires applicable large employers (ALEs) to file information reporting returns with the IRS and employees. ALEs are generally those employers with 50 or more full-time employees, including full-time equivalent employees in the preceding calendar year. Read more