Business Tax Recovery Logo


Tax Deduction Consulting: Archer MSA Deduction Cordele GA

When you receive a distribution from an Archer MSA, it is also not taxed as long as it pays for a qualified medical expense. A qualified medical expense is one that may be deducted as a Medical deduction on an itemized return.

H&R Block
(229) 273-9902
3302 FRONTAGE rdSTE B
CORDELE, GA

Data Provided by:
Mr. Maurice O. Miller (RFC®), CEP, MBA
(404) 298-0054
PO Box 1366
Stone Mountain, GA
Company
TM Financial Group, Inc/PBBIC Strategies
Qualifications
Education: BS, MBA
Years of Experience: 16
Membership
IARFC, NAPFA, NICEP
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Auto Home Insurance, Business Coach, Charitable Foundations, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Mr. John R. Murray (RFC®), LUTCF
(912) 265-1932
PO Box 1733
Brunswick, GA
Company
John Murray & Associates Financial Group
Qualifications
Education: 31 Years in Public Accounting and Tax Services.20 Years in Insurance andFinancial Services.
Years of Experience: 25
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Tax Returns, Seminars Work, Family Offices, Mortgage Loans, Annuities, Life Insurance, Long Term Care Insurance, Medical Insurance, Business Coach, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Dr. Leonard D. Stimley (RFC®), MBA, PHD
(678) 986-9710
695 Ashford Cove Drive
Lilburn, GA
Company
Mobius Consulting Group
Qualifications
Education: BSEE, MBA, Ph.D(Financial Analysis)
Years of Experience: 9
Membership
IARFC
Services
Invoice, Estate Planning, Portfolio Management, Pension Planning, personal Coach, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Charitable Planning, Asset Protection, Compensation Plans

Data Provided by:
Mr. Lawrence W. Hoffman (RFC®), CFP, CHFC
(706) 323-9980
18 9th Street, Suite 500
Columbus, GA
Company
First Command Financial Planning
Qualifications
Education: BS in General Engineering from United States Military Academy (West Point). MS in Administration from Central Michigan. MS in Secondary School Education (Principal) from East Central University (Oklahoma).
Years of Experience: 11
Membership
IARFC, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Family Offices, Mutual Funds, Mortgage Loans, CD Banking, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Auto Home Insurance, Charitable Planning, Education Plan, Asset Protection, BuySell, LiabCover, Compensation Plans

Data Provided by:
Jackson Hewitt
(229) 268-1040
114 East Union Street
Vienna, GA

Data Provided by:
Alan McKnight, MBA, CFP®
200 Galleria Parkway
Atlanta, GA
Company
Title: Vice President
Company: Kays Financial Advisory Corporation
Type
Registered Investor: Yes
Education
Southern Polytechnic State University/Bachelor of Mechanical Engineering
Kennesaw State University/MBA/Finance
College for Financial Planning/Certified Financial Planning
Years Experience
Years Experience: 15
Service
Stock Market Alternative,Wealth Management,Life Insurance,Investment & Portfolio Management,Investment Consulting & Allocation Design,Planning For Personal Finances & Budgeting,Retirement Income Accumulation Planning,Individual Income Tax Planning,IRA, 401k, Roth IRA, QDRO Rollovers,CD Alternative,Disability Insurance,Retirement Planning,Long-Term Health Care Planning,Insurance & Risk Management Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,Fee-Only

Data Provided by:
Mr. Gordon L. Hillegas (RFC®), EA
(706) 234-7468
500 East 2nd St.
Rome, GA
Company
Peachtree Planning Corporation
Qualifications
Education: BS
Years of Experience: 17
Membership
IARFC, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Retirement Planning, Tax Planning, Tax Returns, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

Data Provided by:
Daniyal Inamullah
4751 Best Road
Atlanta, GA
Company
Company: Waddell & Reed
Type
Investment Advisor Rep: Yes
Registered Investor: Yes
Education
Emory University/BA Economics
Service
Stock Market Alternative,Alternative Investments,Annuities,Alternative Asset Class Planning,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,IRA, 401k, Roth IRA, QDRO Rollovers,Wealth Management,Life Insurance,Investment & Portfolio Management,Annuity Ideas & Strategy Planning,Retirement Income Distribution Planning,Education Funding & Financial Aid Planning,401k Rollover From Employer,Income for Life/ Preserve Principal,Disability Insur

Data Provided by:
Noah Reichert
2450 Atlanta Hwy
Cumming, GA
Company
Company: North Georgia Investment Planning LLC
Education
Georgia State University/BS PUblic and Urban Affairs
Georgia State University/MBA in Finance
Years Experience
Years Experience: 5
Service
Real Estate Investment Planning,Annuity Ideas & Strategy Planning,Planning For Personal Finances & Budgeting,Estate Tax Planning,Asset Protection Strategies & Planning,Fee-Only Comprehensive Financial Planning,401k Rollover From Employer,Wealth Management,Disability Insurance,Annuities,Alternative Asset Class Planning,Investment Consulting & Allocation Design,Insurance & Risk Management Planning,Retirement Income Accumulation Planning,Individual Income Tax Planning,Pension for Highly Compensated

Data Provided by:
Data Provided by:

Tax Deduction Consulting: Archer MSA Deduction

Archer MSA Deduction

An Archer MSA is a Medical Savings plan that has several tax implications. The Archer MSA deduction is taken even for taxpayers who do not itemize their deductions.

Archer MSA Deduction

An Archer MSA, or Medical Savings Account, is a tax exempt trust or custodial account that is set up with a United States bank or insurance company to allow money to be set aside to pay future medical expenses. The contributions that are made to the Archer MSA are deducted from your taxable income on Form 1040. This can be done even if you do not itemize the deductions. Also, any interest or other income from the Archer MSA is tax free.

When you receive a distribution from an Archer MSA, it is also not taxed as long as it pays for a qualified medical expense. A qualified medical expense is one that may be deducted as a Medical deduction on an itemized return. If you do not take distributions from the account, they remain in the account from year to year. They are portable and you can take them with you when you switch employers or even if you leave the work force all together.

Before you can be eligible for an Archer MSA, you must have a HDHP. This is a high deductible health plan which is a plan that has a higher than ordinary deductible and a limit on yearly benefits. The HDHP is an innovative type of Health Insurance designed to deal with rising health costs and health insurance premiums by providing affordable health coverage for healthy workers. The premiums for the HDHP are low, but the deductible, or amount paid by the insured before coverage kicks in, is very high. The purpose of the Archer MSA is to set aside funds to cover this deductible or pay for expenses that exceed the yearly limits.

If you are an employee of a small employer who maintains a HDHP for you or your family, you can establish an Archer MSA. A small employer is defined as one that has less than 50 employees during the year. Self employed workers may start an Archer MSA ...

Click here to read the rest of this article from BusinessTaxRecovery.com