Important Tax Form Information

As you prepare to file your 2015 income taxes, you may be asked about a form called Form 1095-C. The Affordable Care Act requires employers to furnish Form 1095-C to current and past employees who were covered in the employer sponsored medical plan for all or any portion of the tax year. Very recently, the IRS extended this year’s deadline for employers to furnish to employees the Form 1095-C from February 1 to March 31, 2016.

Please be aware that the extension to employers should not impact or delay a tax filer’s ability to file their income taxes as usual. Individual income tax-filers are not required to submit Form 1095-C when they file their taxes this year.  When the form does arrive (around March 31), be sure to keep the form with your personal tax records as documentation.

You may need to know the answers to a few basic questions when preparing your return:

  • Does Middlebury’s plan meet the minimum essential coverage criteria as mandated by the Affordable Care Act?   Yes it does.
  • Were you covered for all 12 months of the year? Each employee should know the answer to this.

If you have any questions, feel free to reach out to the Benefits Department in Human Resources at 802-443-3372.

Here are several links to the IRS website where more information on this topic can be found:

https://www.irs.gov/Affordable-Care-Act/Individuals-and-Families/Individual-Shared-Responsibility-Provision

https://www.irs.gov/Tax-Professionals/ACA-Information-Center-for-Tax-Professionals

 

From MSA- What was your most recent ‘aha’ moment?

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We’ve all had an ‘aha’ moment, when it comes to money.  Oftentimes, that moment is met with frustration and stress because it tells us that something needs to change in our lives.  And taking action can be hard.

For some, the ‘aha’ moment is more of an “oh no!” moment that comes when they stare at their bank account balances or their credit card statements.  It could be arguing with a spouse while waving an overdue bill in the air.  Or maybe it stems from the envy of seeing braggadocious social media pictures where your friends boast about how they have so much fun traveling and shopping.

It doesn’t always have to be negative.  A lot of the time, that revelation can be a great thing.  It could be something you saw on TV about the importance of creating college savings accounts for your kids or the importance of a will for your family.  It could be attending a friend’s party and seeing how amazing homeownership can be.  Or even letting out a long sigh as you sit on the beach during vacation because you did such a great job of saving for the last 12 months.  (Cheers to you!)

And if we’re lucky enough, that ‘aha’ moment happens to be a friend, a coworker, or a family member’s folly, and we are smart enough to learn from their mistakes.  Maybe it’s a friend who just lost her job and her house, and is struggling to stay afloat.  Perhaps it’s a coworker who just got stuck with a medical bill for which he has no emergency savings.  Maybe it’s an older relative who thinks he will never retire because he never put money into a 401k when he was younger.  In these instances, ‘aha’ moments are positive because we can proactively take action before the same thing happens to us.

While ‘aha’ moments can be both good and bad, long and short, stressful and reassuring – how you plan and react to them is what counts.

Hopefully, you are reading this because you have chosen the path of taking action rather than burying your head in the sand.  If you have had your ‘aha’ moment – congratulations!  We are glad you found us, and we are thrilled to help.

At MSA, we like to think of ‘aha’ moments as very positive even if they might not seem that way initially.  Our goal is to help you deal with ‘aha’ moments, plan for them, and turn them into positive experiences with one-on-one Money Coaching, accountability, and guilt-free guidance.  Together we can make the best of your ‘aha’ moments – let us show you how.  Start working with a Money Coach today at 888-724-2326.

The Week’s Headlines

Here are the week’s headlines from the News Room:

Middlebury Hires Karen Miller as Vice President for Human Resources and Risk

Middlebury Awards Tenure to Three Faculty Members

Middlebury Named Winner of Charles H.W. Foster Award for Bread Loaf Land Conservation

Middlebury Honors Four Residents for Exceptional Service to the Community

View past stories by visiting the News Room page.

HR Update: This Week’s Employment Snapshot

There are currently 16 faculty positions, 40 external job postings (regular, on-call and temporary), and 7 internal job postings on the Middlebury employment opportunities web sites.

Employment Quick Links:

Faculty Employment Opportunities: http://www.middlebury.edu/academics/administration/prospective_faculty/employment

Staff Employment Opportunities: go/staff-jobs (on campus), http://go.middlebury.edu/staff-jobs (off campus)

Please note – to view only internal staff postings, please use the internal posting search filter that was highlighted in this MiddPoints article.

On-call/Temporary Staff Employment Opportunities: go/staff-jobs-sh (on campus), http://go.middlebury.edu/staff-jobs-sh (off campus)

The Ski-Minded College: Winter Carnival 1950

This clip from a recently rediscovered College promotional film produced in 1950 shows how students at “one of the most ski-minded of American colleges” took advantage of all that a Vermont winter has to offer. The dulcet narration guides us through a tour of the Snow Bowl and introduces us to the Winter Carnival, “the highlight of the year, [in which] fine competitive skiing is combined with the tops in social events.” The clip also captures student broadcasters just a few months after the founding of WMCRS, the college radio station that has gone by the call letters WRMC since 1952.

Be sure to join Special Collections on February 26 during the Winter Carnival in Crossroads Cafe as we present a special screening of newly-discovered films from the college archives (follow us on Facebook or check the Carnival schedule for an exact time). Spanning the 1920s to 1950s, this assortment of sound and silent footage captures the full range of Middlebury’s historic wintertime fun— from synchronized skiing to cigarette pack snow sculptures!

 

Sources

College Stations Changes Name.” The Middlebury Campus, October 9, 1952.

Lemcke, Ted, “WRMC Elects New Board; Plans to Enlarge ScheduleThe Middlebury Campus, May 16, 1957.

 

Max Ward receives grants to support his academic leave and book preparation

Max Ward (History) has received  grants from the Japan Foundation and the National Endowment for the Humanities Japan-US Friendship Commission (NEH-JUSFC)​ in support of his research during his 2015-16 academic leave. He is currently a Visiting Researcher at Waseda University in Tokyo Japan, where he is completing a book manuscript titled Ghost in the Machine: Imperial Ideology and Thought Reform in Interwar Japan. ​This book explores the Japanese state’s efforts to police political dissent in the 1920s and how such efforts developed into an extensive apparatus to rehabilitate political criminals throughout the Japanese empire in the 1930s. His next project will analyze the contested claims to urban space in postwar Tokyo.