Blog

Changes in Circumstances that May Affect Premium Tax Credit?

By Joe Beige | Published November 3, 2014

That’s right.

If you enrolled in insurance coverage through the Health Insurance Marketplace, you are required to report changes to the Marketplace when they happen, like changes to your household income or family size, because they may affect your eligibility for the advance payments of the premium tax credits.

A full list of changes are available at HealthCare.gov/how-do-i-report-life-changes-to-the-marketplace but examples of changes in circumstances that you should report to the Marketplace include, but are not limited to:

·         an increase or decrease in your income
·         marriage or divorce
·         the birth or adoption of a child
·         starting a job with health insurance
·         gaining or losing your eligibility for other health care coverage
·         changing your residence

Accurate reporting is important to ensure that you are not receiving a greater credit that entitled too and to avoid a potential tax liability.

Do You Have A Defective Airbag?

By Joe Beige | Published October 27, 2014

This week, the United States National Highway Transportation Safety Administration (NHTSA) widened the scope of a dangerous airbag system recall, now including 7.8 million BMW, Chrysler, Ford, Honda, GM, Mitsubishi, Mazda, Subaru, Nissan, and Toyota cars and trucks, model years 2000 to 2008.

Manufactured by the Japanese multinational Takata Corporation, these airbags use a defective propellant mechanism and frame which can explode on deployment, sending plastic and metal shrapnel into the faces and chests of both drivers and those riding in the passenger seat. To-date, this airbag defect has been linked to four deaths and thirty injuries from airbag ruptures.

According to NHTSA: “Consumers impacted by the recalls should have their vehicles serviced promptly once they receive notification from their vehicle manufacturer. NHTSA remains in close communication with the supplier and automakers to gather additional data and will take appropriate action based on our findings.”

As of October 20th, 2014, the NHTSA list of cars containing these defective Takata airbags was as follows:

BMW: 627,615 total number of potentially affected vehicles

2000 – 2005 3 Series Sedan

2000 – 2006 3 Series Coupe

2000 – 2005 3 Series Sports Wagon

2000 – 2006 3 Series Convertible

2001 – 2006 M3 Coupe

2001 – 2006 M3 Convertible

Chrysler: 371,309 total number of potentially affected vehicles

2003 – 2008 Dodge Ram 1500

2005 – 2008 Dodge Ram 2500

2006 – 2008 Dodge Ram 3500

2006 – 2008 Dodge Ram 4500

2008 – Dodge Ram 5500

2005 – 2008 Dodge Durango

2005 – 2008 Dodge Dakota

2005 – 2008 Chrysler 300

2007 – 2008 Chrysler Aspen

Ford: 58,669 total number of potentially affected vehicles

2004 – Ranger

2005 – 2006 GT

2005 – 2007 Mustang

General Motors: undetermined total number of potentially affected vehicles

2003 – 2005 Pontiac Vibe

2005 – Saab 9-2X

Ready for Ocotber 15th?

By Joe Beige | Published October 9, 2014

If you are one of the approximately 13 million U.S. taxpayers that filed for a six month extension to file your 2013 tax returns you have until October 15th to file.

According to the IRS almost 25% or one quarter of those 13 million taxpayers haven’t filed their returns.

If you are on of those taxpayers contact your tax professional at once! Failure to file your 2013 tax returns may subject you to IRS penalties.

Investigation of CareFusion Corporation

By Joe Beige | Published October 6, 2014

Investigation of CareFusion Corporation

Smithtown, New York – October 6, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of CareFusion Corporation (NYSE: CFN) (“CareFusion”) for possible breaches of fiduciary duties and other violations of law in connection with CareFusion’s entry into an agreement to be acquired by Becton, Dickinson and Company (NYSE: BDX) (“BD”) in a transaction valued at approximately $12.2 billion.

Under the terms of the agreement, public shareholders of CareFusion would receive $49.00 in cash and 0.0777 of a share of BD for each share of CareFusion they own. Based on BD’s closing stock price on October 3, 2014, CareFusion shareholders would have received consideration valued at approximately $58.00 per share.

The investigation concerns whether CareFusion’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to CareFusion’s stockholders would be fair and adequate, and whether CareFusion is acting in its stockholders’ best interests.

If you own CareFusion common stock, purchased your shares prior to October 6, 2014, and wish to obtain additional information, please contact Mr. Beige by email at [email protected] or by telephone at (631) 231-7725

Investigation of TRW Automotive Holdings Corp.

By Joe Beige | Published September 16, 2014

Investigation of TRW Automotive Holdings Corp.

Smithtown, New York – September 16, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of TRW Automotive Holdings Corp. (NYSE: TRW) (“TRW”) for possible breaches of fiduciary duties and other violations of law in connection with TRW’s entry into an agreement to be acquired by ZF Friedrichshafen AG (“ZF”) in a transaction valued at approximately $13.5 billion.

Under the terms of the agreement, public shareholders of TRW shareholders would receive $105.60 in cash for each share of TRW they own.

The investigation concerns whether TRW’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to TRW’s stockholders would be fair and adequate, and whether TRW is acting in its stockholders’ best interests.

If you own TRW common stock, purchased your shares prior to September 15, 2014, and wish to obtain additional information, please contact Mr. Beige by email at [email protected] or by telephone at (631) 231-7725.

The IRS Warns Of Continued Phone Scams

By Joe Beige | Published September 4, 2014

The Internal Revenue Service issued a consumer alert warning taxpayers to protect themselves from telephone scam artists calling and pretending to be with the IRS.

These callers demand money, try to trick you into sharing private information and sound convincing when they call. They usually alter the caller ID to make it look like the IRS is calling and use fake names and bogus IRS identification badge numbers.

Here are five things the scammers often do but the IRS will not do. Any one of these five things is a tell-tale sign of a scam. The IRS will never:

1. Call you about taxes you owe without first mailing you an official notice.
2. Demand that you pay taxes without giving you the opportunity to question or appeal the amount they say you owe.
3. Require you to use a specific payment method for your taxes, such as a prepaid debit card.
4. Ask for credit or debit card numbers over the phone.
5. Threaten to bring in local police or other law-enforcement groups to have you arrested for not paying.

Remember, too, the IRS does not use email, text messages or any social media to discuss your personal tax issue. For more information on reporting tax scams, go to www.irs.gov and type “scam” in the search box.

Investigation of Cobra Electronics Corporation

By Joe Beige | Published September 2, 2014

Investigation of Cobra Electronics Corporation

Smithtown, New York – September 2, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Cobra Electronics Corporation (NASDAQ GM: COBR) (“Cobra”) for possible breaches of fiduciary duties and other violations of law in connection with Cobra’s agreement to merge with Monomoy Capital Partners II, LP (“Monomoy”) in a transaction valued at approximately $28.4 million.

Under the terms of the agreement, public shareholders of Cobra would receive $4.30 in cash for each share of Cobra they own.

The investigation concerns whether Cobra’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Cobra’s stockholders would be fair and adequate, and whether Cobra is acting in its stockholders’ best interests.

If you own Cobra common stock, purchased your shares prior to August 28, 2014, and wish to obtain additional information, please contact Mr. Beige by email at [email protected] or by telephone at (631) 231-7725.

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Fortegra Financial Corporation

By Joe Beige | Published August 14, 2014

Investigation of Fortegra Financial Corporation

Smithtown, New York – August 14, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of Fortegra Financial Corporation (NYSE: FRF) (“Fortegra”) for possible breaches of fiduciary duties and other violations of law in connection with Fortegra’s agreement to be acquired by Tiptree Financial Inc. (NASDAQ CM: TIPT) (“Tiptree”) in a transaction valued at approximately $218 million.

Under the terms of the agreement, public shareholders of Fortegra would receive $10.00 in cash for each share of Tiptree they own.

The investigation concerns whether Fortegra’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to Fortegra’s stockholders would be fair and adequate, and whether Fortegra is acting in its stockholders’ best interests.

If you own Fortegra common stock, purchased your shares prior to August 12, 2014, and wish to obtain additional information, please contact Mr. Beige by email at [email protected] or by telephone at (631) 231-7725.

Law Office of Jack Stuart Beige & Associates, P.C. Taxing Times Summer 2014

By Joe Beige | Published August 4, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of GFI Group, Inc.

By Joe Beige | Published August 4, 2014

The Law Office of Jack Stuart Beige & Associates, PC, announces it is investigating the Board of Directors of GFI Group, Inc. (NYSE: GFIG) for possible breaches of fiduciary duties and other violations of law in connection with GFI Group, Inc.’s agreement to be acquired by CME Group, Inc. (NASDAQ GS: CME) (“CME”) in a transaction valued at approximately $580 million.

Under the terms of the agreement, public shareholders of GFI Group, Inc. (“GFI”) would receive $4.55 in cash for each share of GFI they own.

The investigation concerns whether GFI’s Board of Directors breached its fiduciary duties to stockholders, whether the proposed consideration to be paid to GFI’s stockholders would be fair and adequate, and whether GFI is acting in its stockholders’ best interests.

If you own GFI common stock, purchased your shares prior to July 30, 2014, and wish to obtain additional information, please contact Mr. Beige by email at [email protected] or by telephone at (631) 231-7725.