NoCo CPAs
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4025 Automation Way #D1 (Map)
Fort Collins, CO 80525
Phone: 970-226-4686

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Health Savings Account Tidbits

Posted on June 20, 2012 by Leasa Magnuson in Business Tax, Individual Tax

I recently attended a class on Health Savings Accounts and was reminded why I like them so much. They are one of the few tools the IRS provides that are actually useful for everyone to use. The following are some reminders about why they are so useful. • You need a high deductible health plan […]

View Post Health Savings Account, HSA, Medical Expenses, ObamaCare

2013 Limits for Health Savings Accounts

Posted on May 2, 2012 by Leasa Magnuson in Individual Tax

A health savings account is a really cool vehicle to save money in, provided you don’t have large medical costs.  You need to have a high deductible health insurance plan.  What that means for 2012 is your maximum out of pocket expenses must be at least $6,050 for a single plan or $12,100 for a […]

View Post Health Savings Account, HSA

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Testimonials

Leasa Magnuson was there when we needed her.

An unexpected audit on our returns was triggered by an unfortunate investment loss. All of the horror stories we had heard about came to the top of our minds and the adrenaline started pumping. We had never been through an IRS audit and didn’t know what to expect. We gathered all of the information requested. Leasa reviewed what we had, suggested a few more items and then we dropped off the requested supporting documents to the IRS several days prior to the audit. Promptly at 9:00 a.m. on audit day Leasa was there to support me and answer the grueling questions I was sure would come from the investigator.

Before we had a chance to take the hot seats in the investigator’s office, we were told that they had reviewed our documentation and we were given a "no change" verdict – which means everything checked out. We were free to leave.

I am confident Leasa’s council, review, and organization of our documentation and giving the IRS advanced time to review the information led to the positive outcome.

We are very lucky to have her on our team and will continue to use Leasa in the future.

Anita & Mike Kelly

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4025 Automation Way #D1 (Map), Fort Collins, CO 80525 - Phone: 970-226-4686