Beginning September 19, 2016, Turning Pointe Dance Studio in Falmouth will offer Baby & Me Yoga as well as Little Yogi classes. Yoga is a great way for baby and child to bond and connect with their parents while promoting the health of both the parent and child. Sign up today!
The Individual Shared Responsibility Provision
By: Gary M. DellaPosta, CPA
The individual shared responsibility provision requires that you and each member of your family have qualifying health insurance, a health coverage exemption, or make a payment for any months without coverage or an exemption when you file. If you, your spouse and dependents had health insurance coverage all year, you will indicate this by simply checking a box on your tax return.
In most cases, the shared responsibility payment reduces your refund. If you are not claiming a refund, the payment will increase the amount you owe on your tax return. Here are some basic facts about the individual shared responsibility provision.
What is the individual shared responsibility provision?
The individual shared responsibility provision calls for each individual to have qualifying healthcare coverage--known as minimum essential coverage--for each month, qualify for an exemption, or make a payment when filing his or her federal income tax return.
Who is subject to the individual shared responsibility provision?
The provision applies to individuals of all ages, including children. The adult or married couple who can claim a child or another individual as a dependent for federal income tax purposes is responsible for making the shared responsibility payment if the dependent does not have coverage or an exemption.
How do I get a health coverage exemption?
You can claim most exemptions when you file your tax return. There are certain exemptions that you can obtain only from the Marketplace in advance. You can obtain some exemptions from the Marketplace or by claiming them on your tax return. You will claim or report coverage exemptions on Form 8965, Health Coverage Exemptions, and attach it to Form 1040, Form 1040A, or Form 1040EZ. You can file any of these forms electronically. For any month that you or your dependents do not have coverage or qualify for an exemption, you will have to make a shared responsibility payment
What do I need to do if I am required to make a payment with my tax return?
If you have to make an individual shared responsibility payment, you will need to use the worksheets found in the instructions to Form 8965, Health Coverage Exemptions, to figure the shared responsibility payment amount due. You only make a payment for the months you did not have coverage or qualify for a coverage exemption. If you need assistance, please call.
What happens if I owe an individual shared responsibility payment, but I cannot afford to make the payment when filing my tax return?
The law prohibits the IRS from using liens or levies to collect any individual shared responsibility payment and they routinely work with taxpayers who owe amounts they cannot afford to pay. However, if you owe a shared responsibility payment, the IRS may offset that liability against any tax refund that may be due to you.
Visit our website for more great information and free tax calculators!
Gary DellaPosta is a CPA and founder of the firm. A graduate of Bryant University, he is a member of the American Institute of CPA's as well as the Massachusetts Society of CPA's. In addition to providing accounting, tax and advisory services to individuals and businesses, he also provides litigation support to attorneys and has been recognized as an expert in numerous Massachusetts' courts. Mr. DellaPosta serves on the Board of the Barnstable County Mutual Insurance Co., where he serves on the audit, investment and employee benefit committees. He is a Director at The Cooperative Bank of Cape Cod, where he serves on audit, governance, and personnel committees, and is a former director of Eastern Bank and Plymouth Savings Bank. He is also the former Treasurer of the Community Health Center of Cape Cod and is a former trustee of Heritage Museum & Gardens. Visit his website for more info
By: Gary M. DellaPosta, CPA
The Affordable Care Act includes the individual shared responsibility provision that requires you, your spouse, and your dependents to have qualifying health insurance for the entire year, report a health coverage exemption, or make a payment when you file.
Who is subject to this provision?
All U.S. citizens living in the United States, including children, senior citizens, permanent residents and all foreign nationals are subject to the individual shared responsibility provision.
Children are subject to the individual shared responsibility provision.
Gary DellaPosta is a CPA and founder of the firm. A graduate of Bryant University, he is a member of the American Institute of CPA's as well as the Massachusetts Society of CPA's. In addition to providing accounting, tax and advisory services to individuals and businesses, he also provides litigation support to attorneys and has been recognized as an expert in numerous Massachusetts' courts. Mr. DellaPosta serves on the Board of the Barnstable County Mutual Insurance Co., where he serves on the audit, investment and employee benefit committees. He is a Director at The Cooperative Bank of Cape Cod, where he serves on audit, governance, and personnel committees, and is a former director of Eastern Bank and Plymouth Savings Bank. He also serves as the Treasurer of the Community Health Center of Cape Cod and is a former trustee of Heritage Museum & Gardens.
By: Gary M. DellaPosta, CPA
If you have enrolled for health coverage through the Health Insurance Marketplace and receive advance payments of the premium tax credit in 2015, it is important that you report changes in circumstances, such as changes in your income or family size, to your Marketplace.
Advance payments of the premium tax credit provide financial assistance to help you pay for the insurance you buy through the Marketplace. Having at least some of your credit paid in advance directly to your insurance company will reduce the out-of-pocket cost of the health insurance premiums you'll pay each month.
However, it is important to notify the Marketplace about changes in circumstances to allow the Marketplace to adjust your advance payment amount. This adjustment will decrease the likelihood of a significant difference between your advance credit payments and your actual premium tax credit. Changes in circumstances that you should report to the Marketplace include, but are not limited to:
Gary DellaPosta is a CPA and founder of the firm: Gary M DellaPosta, CPA's & Business Advisors. A graduate of Bryant University, he is a member of the American Institute of CPA's as well as the Massachusetts Society of CPA's. In addition to providing accounting, tax and advisory services to individuals and businesses, he also provides litigation support to attorneys and has been recognized as an expert in numerous Massachusetts' courts. Mr. DellaPosta serves on the Board of the Barnstable County Mutual Insurance Co., where he serves on the audit, investment and employee benefit committees. He is a Director at The Cooperative Bank of Cape Cod and is a former director of Eastern Bank and Plymouth Savings Bank. He also serves as the Treasurer of the Community Health Center of Cape Cod and is a trustee of Heritage Museum & Gardens.
By: Jennifer L. Long, RN, NCN
Obesity is an eating disorder and it is affecting our childhood population at an alarming rate. It shows no prejudice in any part of our country. There are two needs for why we eat; one is a physiological need to sustain energy and nutritional requirements, and a psychological force that drives our eating behaviors. The question is, what motivates children to consume healthy foods and can early behavior change improve the present and future health outcomes for today’s children?
According to the Theory of planned Behavior and the Health Action Process Approach, behavior follows directly from a conscious decision to act. This summarizes beliefs around the favorability and controllability of action (Gardner, 2011). There are theories that suggest that behavior can occur through different routes that can compete with each other. One is a deliberative route, which involves previous thought and cognitive effort. The other is the automatic route, which is defined by environmentally cued responses that require no effort and are completely involuntary. Habits are considered learned behaviors that occur with repetition and over time become automatic responses. If habits are a result of learned behavior, children who have developed poor eating habits learn such behavior from influences in their environment. Many factors can influence health behaviors of young children. According to the Social Cognitive Theory, cognitive and personal variables such as self-efficacy/ motivation, social/ environmental variables such as, poverty and limited access to health care, are all important determinants of health behavior. The Health Self-Empowerment Theory acknowledges the influence of social/ environmental variables as well as cognitive/ personal variables, on health-promoting behaviors. It also states that engaging in health-promoting behaviors and avoidance of health-risk behaviors are influenced by five empirically based, modifiable, self-empowerment-oriented variables; health motivation, health self-efficacy, self-praise of health-promoting behaviors, health knowledge and responsibility and active coping strategies and skills for managing stress and depression (Tucker, 2012). While eating and exercise are direct influences on weight, other psychological factors must be considered as indirect. “Depression might indirectly influence weight loss by increasing emotional eating behavior or by reducing dietary adherence (Stotland, 2005).” According to Tucker, out of those five theory variables, health motivation may be the most important in determining the potential for engaging in health-promoting behaviors.
If parents are unable to provide support as healthy examples, schools must step up and provide the education and facilitate a healthy environment to promote change. The goal is to provide early opportunities to promote healthy habits that continue into adulthood and decrease the prevalence of obesity and obesity related health issues, such as diabetes and heart disease. “Adolescent obesity has increased dramatically over the past several decades, with 34% of adolescents and young adults, ages 12 to 19 currently overweight or obese (Pbert, 2012).” School nurses are readily accessible and offer the skills and credibility to provide ongoing support to children at no extra cost. They are positioned to be an active role in the treatment and prevention of obesity. Healthy diet, exercise counseling and behavioral management training are all shown to decrease BMI in youth. In trying to identify other factors causing the rise in obesity, it is shown in the literature that loss of control (LC) is prevalent among overweight children and adolescents (Goossens, 2009). Recent studies have shown the relationship between negative emotions and loss of control, it is significantly related to symptoms of anxiety and depression in children and adolescents seeking treatment (Goossens, 2009). “The Affect Regulation Model proposes that individuals who lose control over their eating and start to binge believe that eating provides distraction and comfort from painful negative emotions (Goossens, 2009).” This model is what introduced what is now known as emotional eating and looks at this as a coping mechanism to regulate and decrease negative emotions. In children who suffer from anxiety, emotional eating may be a way of dealing with the hyper arousal they experience, where as depressed individuals, emotional eating may provide more positive emotions. “Early detection of LC and its emotional precedents can be of importance for the prevention and treatment of overweight and eating pathology (Goossens, 2009).” It is important to screen those seeking treatment for the presence of negative emotions and loss of control to ensure an adaptive and effective treatment plan.
I believe that parents are on the frontlines when it comes to setting a example of health-promoting behaviors. If there is lack of education equipping these parents with tools to help their children, it is community leaders and specialists left to provide the resources and availability to promote health and wellness.
“Transformation Begins With Nutrition”- Jennifer Long, RN,NCN.
Contact RNutrition Health & Wellness to receive Nutrition & Health Consulting from Jennifer Long, RN, NCN.
Phone: (508) 360-2032
By: Gary M. DellaPosta, CPA
If you, your spouse or dependents had significant medical or dental costs in 2012, you may be able to deduct those expenses when you file your tax return. Here are eight things you should know about medical and dental expenses and other benefits.
1. You must itemize. You deduct qualifying medical and dental expenses if you itemize on Schedule A on Form 1040.
2. Deduction is limited. You can deduct total medical care expenses that exceed 7.5 percent of your adjusted gross income for the year.
3. Expenses must have been paid in 2012. You can include medical and dental expenses you paid during the year, regardless of when the services were provided. Be sure to save your receipts and keep good records to substantiate your expenses.
4. You can't deduct reimbursed expenses. Your total medical expenses for the year must be reduced by any reimbursement. Normally, it makes no difference if you receive the reimbursement or if it is paid directly to the doctor or hospital.
5. Whose expenses qualify. You may include qualified medical expenses you pay for yourself, your spouse and your dependents. Some exceptions and special rules apply to divorced or separated parents, taxpayers with a multiple support agreement, or those with a qualifying relative who is not your child.
6. Types of expenses that qualify. You can deduct expenses primarily paid for the diagnosis, cure, mitigation, treatment or prevention of disease, or treatment affecting any structure or function of the body. For drugs, you can only deduct prescription medication and insulin. You can also include premiums for medical, dental and some long-term care insurance in your expenses. Starting in 2011, you can also include lactation supplies.
7. Transportation costs may qualify. You may deduct transportation costs primarily for and essential to medical care that qualifies as a medical expense, including fares for a taxi, bus, train, plane or ambulance as well as tolls and parking fees. If you use your car for medical transportation, you can deduct actual out-of-pocket expenses such as gas and oil, or you can deduct the standard mileage rate for medical expenses, which is 23 cents per mile for 2012.(This rate increases to 24 cents in 2013.)
8. Tax-favored saving for medical expenses. Distributions from Health Savings Accounts and withdrawals from Flexible Spending Arrangements may be tax free if used to pay qualified medical expenses including prescription medication and insulin.
Join me in welcoming the newest addition to our Cape Cod Mommies Advisor Team: Maurene Merrit, RN! We look forward to her blogs and expertise!!!
Maurene Merritt, RN is a holistic practitioner, teacher, and writer. She has an extensive background in holistic childbirth education including developing and teaching the first partnered yoga childbirth education program in a major Boston Medical center. Presently she is an employee of Falmouth Hospital where she serves as a maternity nurse and is active with the integrative medicine department. She also has a private practice where she calls herself CapeYogaGirl.
Visit her website: www.birthblessingsyoga.com or www.birthblessingsyoga.blogspot.com
7 yoga practices to help us move beyond...
We get stuck. On our mats, it is called "inflexible", on our birthing beds, "failure to progress", and on paper, a "writer's block". And whether it's our bodies not opening or our paint brush or words not flowing, our desires can lead to unimaginable frustration. In such moments, we are tempted to force the outcome, or in the case of our creative expression where sheer force would only hinder progression, we either give up after reaching a multitude of dead ends or worse yet fail to begin the exploration.
However, when we look to our ancient, sister yoginis who journeyed the long, narrow road to enlightenment, consider that it would be beneficial for us to breathe, listen, and wait. More often than not, when we begin something new, change is slow, even barely perceptible. It is when we persist with confidence, at some point, soon after we have allowed ourselves to move beyond our feelings of hopeless and despair, it happens. What is a ordinary perception of our selves wanes and we become privy to our granduer. In such precious, unbound moments, our bodies fold into our creation and we give birth to our babies, books, and elation!
We look back on the fruits of our labor and like our lovely Heather Benway of the circle declared of her
birth story, want to hear the words over and over again. We feel awe, how could something so amazing, so brilliant, so original come out of us! Consider that our effort in waiting is well worth our creation.
Below are 7 yoga practices to help us move beyond.
1. Close the door. Surrender requires feeling safe.
2. Breathe. Keep your breathe fluid and even. There is a synergistic relationship between the mind and the breathe. When the breathe is balanced, your mind will follow.
3. Focus. Give your attention to something that you love that is still like a plant, coat, or perfume bottle.
4. Listen. You know more than what you think you know.
5. Change. Do something different if you don't feel movement frequently.
6. Feel. Allow your desire to drive your effort.
7. Persevere. Never give up, keep the course until the very end.
*reprinted with full permission from http://www.birthblessingsyoga.blogspot.com/
My name is Ashley, and I live a half priced life. I live this type of life to survive, to feed my family, to save money for things I could otherwise not afford like unexpected car repairs or an emergency trip to the dentist. Sometimes I wish I had a "lavish life"-one where I wouldn't have to worry so much about my household budget, or how high the heating bill will be for a particular month. I do my absolute best in life in every aspect of my personal existence, but no matter how hard I try- I struggle with being healthy.
You see, sometimes I feel like "being healthy" is a luxury
In the modern world, women are not only the primary caretakers of their family; they are also contributors to the female workforce. Women face quite the conundrum when it comes to taking care of themselves. At the end of workday, after homework, dinner, bath time, and bed time- who the heck wants to exercise? Also, who wants to wake up at 4am before the kids to fit exercise in?
Humans aren't rabbits, so why eat bowls full of salad day in and day out? Personally, I need variety and depth in my food. I need two bites of a brownie (if not three) to satisfy a chocolate craving, and gosh darn-it sometimes I need an ice cream sundae! Yet, I always feel guilty when I steal a naughty nibble because I know I'm not going to get the extra exercise I need to burn those additional calories.
Woman-guilt, it's a *bleep*!
So, what happens if you can't afford a membership to the gym, or a sitter to watch your kids while you go to the gym, or even someone to help with the kids so you can exercise at home or go out for a run? What happens if you don't have the money to purchase healthy foods all the time? What happens if you can't make the time, or find the time to exercise because your schedule is so busy with work and family that you can't even see straight at the end of the day? What happens if you don't have a family to care for, but work 6-7 days a week to survive, allowing you little time to pay attention to your own needs?
Being healthy becomes a luxury. I would love someone to prove me wrong on my theory, or at least give me magical
powers that will allow me to wake up at 4am without feeling psychotic. If you could also throw in a mute button for my extremely loud and co-dependent cat, who yowls at me, at the top of her lungs, waking up my kids the minute my feet
hit the floor- well that would be awesome too! Seriously though, this post is meant to generate response- whether you agree or disagree with my theory.
I want to know
Do you feel the same way I do? Or, do you have tips to share with readers who feel this way? Share with me the good and bad, the thoughtful and helpful, your opinions and point of views-on my site The Savings Momma
Please, don't misunderstand- I do exercise and I do eat as healthy as possible. I was just one of those people not blessed with amazing genetics, and for me- being healthy and staying healthy is an everyday struggle. I assure you, I do not sit on my duff, eating from my couponing stockpile, drooling on my couch. Promise ;)
The Center for Vital Living Invites you to join us for Ladies Night TONIGHT!
When: Sat, November 12, 5pm – 8pm
Where: Center for Vital Living 704 Main St. Falmouth (map)
Description: The Center for Vital Living Invites you to join us for Ladies Night! November 12, 2011 5-8pm 704 Main St. Falmouth
Unwind with the following: *Blooming Lotus Yoga Studio will provide FREE yoga 5-6pm *Mulcahy Chiropractic will provide FREE Health Assessments and Spinal Screenings *Painted Red Nail Salon’s expert staff will demonstrate proper cleansing techniques and holistic approaches to skincare *KM Hudson will fit you for the perfect bra *Raw food demos and delights to sustain you ***Vendors will have products available for sale*** For more information: 508-457-0440 *This is a FREE event!*
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