G Woode Financial Consulting, Inc.

07/05/2025

📩 Ready to Protect Your Files?

Message us today with “BACKUP” to get started.
No pressure. No sales pitch. Just free help to keep your data safe.

SAFEGUARDING YOUR DATA IS OUR OUTMOST CONCERN AT A PRICE POINT NO ONE CAN MATCH

04/09/2025

Final Expense Make Sense.
Chances are you don't have a plan for when that day comes.
Who is going to give you the respect in death that you had in life?
Final Expense makes Cents/Sense, that is, many Cents that become dollars to give you respect for your family in their time of need.

06/08/2024

Still have not filed your taxes? Do it now. Call 954-381-0705. All states can be done. Call.

10/20/2022

Changes have been made. Are you prepared?

01/24/2022

“The pandemic continues to create challenges, but the IRS reminds people there are important steps they can take to help ensure their tax return and refund don’t face processing delays,” said IRS Commissioner Chuck Rettig.

The IRS offered these five tips to help taxpayers speed up the process and refund while avoiding delays.

Use e-file and direct deposit to file an return to avoid delays

Collect all documents before preparing a tax return; make sure stimulus payment and advance Child Tax Credit information is accurate

Use online resources before calling the IRS to avoid lengthy phone delays

If you’re waiting on the 2020 tax return to be processed, enter $0 for last year's Adjusted Gross Income on the 2021 tax return

Free resources are available to those who need help filing

The deadline for filing tax returns is Monday, April 18 this year, three days later than the typical April 15 deadline for filing taxes. The later date is a result of an Emancipation Holiday in the District of Columbia. By law, in Washington, D.C., holidays impact tax deadlines for everyone the same way federal holidays do.

Taxpayers requesting an extension will have to file until Monday, Oct.17.

05/11/2021

FROM IRS WEBSITE

TAS’s Ability to Help With Delayed Refunds Is Limited

The Taxpayer Advocate Service (TAS) is aware that taxpayers are experiencing more refund delays this year than usual. Typically, the IRS processes electronic returns and pays refunds within 21 days of receipt. However, the high volume of 2020 tax returns being filed daily, backlog of unprocessed 2019 paper tax returns, IRS resource issues, and technology problems are causing delays. This is due, in part, to the IRS’s need to manually verify large numbers of Refund Recovery Credits (RRCs), as well as Earned Income Tax Credit (EITC) and Advance Child Tax Credit (ACTC) 2019 adjusted income lookback claims. Once a return is processed by the IRS and loaded on to the IRS systems, TAS may be able to assist with delayed refunds if you meet our case criteria. Please review our case criteria tool to determine if TAS may be able to assist.

Currently, the vast majority of processing delays result from tax returns not loaded onto the IRS system or in “suspense” status awaiting IRS action. To date, over 6 million electronic returns have been “suspended” due to issues requiring manual processing or return inconsistencies. Until these returns move out of suspense status, neither the IRS nor TAS can access these cases to work them or provide taxpayers with any additional information. TAS cannot accept refund delay cases that are in suspense, including requests for assistance made through the Systemic Advocacy Management System (SAMS). Until the tax return is posted on the IRS system, neither TAS nor the IRS can see or access the return information. And until TAS can see the return on the system, we cannot advocate to resolve any issues. TAS is working with the IRS to identify how taxpayers can use the Where’s My Refund tool to determine their status.

TAS understands the frustrations and hardships caused by these unprecedented circumstances. Please be patient if you learn your refund claim is not yet processed and understand why TAS cannot accept your case at this time. We continue to work with the IRS to identify ways to address this backlog. TAS will continue to update its case acceptance criteria as the situation changes. Meanwhile, you are encouraged to check the IRS.gov page, Where’s My Refund, for the most current information on the processing of your return. The IRS also has information on this issue at IRS.gov/newsroom and IRS.gov/refunds. We will continue to update taxpayers on the delays and any progress we make.

Get information about tax refunds and updates on the status of your e-file or paper tax return.

03/31/2021

https://www.marketwatch.com/story/irs-well-delay-april-15-tax-filing-deadline-by-one-month-with-one-caveat-11616017036?mod=home-page&link=sfmw_fb

The IRS has already received more than 55 million tax returns.

12/30/2020

11/24/2020

11/24/2020

How Much Will Medicare Cost?
Many of us have no idea what Medicare will cost. To help understand the costs of Medicare, here is an overview of some of the costs of coverage.

Medicare Part A
Medicare Part A helps cover the costs of an in-hospital stay, eligible skilled nursing care facility costs and some home healthcare costs.1 Most people qualify for premium-free Part A. If you don’t qualify for it, you may be able to buy it. For 2021, if you buy Part A, you'll pay up to $471 each month. If you paid Medicare taxes for less than 30 quarters, the standard Part A premium is $471. If you paid Medicare taxes for 30-39 quarters, the standard Part A premium is $259. There are, however, other costs associated with Part A coverage including the following for 2021:

Inpatient hospital deductible $1,484
Daily coinsurance 61st day to 90th day $371
Daily coinsurance for lifetime reserve days $7422
Medicare Part B
Medicare Part B helps cover physician services, outpatient procedures, some home health services, the cost of durable medical equipment and other costs.3 The standard 2021 monthly Part B premium is $148.50 (or higher depending on your income).

Other 2021 costs associated with Part B:

Annual deductible $203
Coinsurance is 20 percent of Medicare approved costs after the deductible is met4
Medicare Part D
Medicare Part D is prescription drug coverage. It is offered by private insurance companies and the premiums will vary by plan.5 Additionally, certain prescription drugs and eligible pharmacies may change from year-to-year. Deductibles, coinsurance and copays can also apply and, again, will vary from plan to plan.

It is wise to check these and other coverage issues not only when you initially enroll, but also each year during the Medicare Annual Election Period which runs from October 15 through December 7 each year.

Medicare Part C/Medicare Advantage
Medicare Part C, also known as Medicare Advantage, may be more varied in what is covered. The premiums, deductibles, coinsurance, copays and what is covered will vary from plan to plan. These plans are offered by private insurance companies.6

Pulling it all together
So how much should I expect to pay per month for Medicare?

Medicare costs will differ for each individual depending on their situation and what types of plans they have enrolled in. Medicare.gov provides costs for 2021 which may help you estimate your expenses.

Remember that your healthcare costs likely will not be uniform each year. Besides any premium increases, you may have a major health issue crop up that can increase health-related costs.

The cost of healthcare should be at or near the top of the list in terms of expenses that will need to be planned for. Call 954-226-3447 for more info or visit, www.geneperezwoodeinsurance.com www.geneperezwoodeinsurance.comwww.geneperezwoodeinsurance.comwwwwww.geneperezwoodeinsurance.com

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