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Will you escape the individual mandate penalty?

On your tax return this year, Uncle Sam will ask if you had minimum essential health insurance coverage in 2014.

If not, you’ll pay a penalty with your tax return, unless you qualify for one of multiple exemptions allowed by the IRS.

The moment of truth appears on Line 61 of the Form 1040. If you had qualifying coverage for every month of 2014, you can check the “full-year coverage” box.

Otherwise, you’ll need to complete Form 8965 and identify the exemption you qualify for, or calculate the penalty for not having coverage and enter it on Line 61.

Bukaty Companies recognized for business excellence

In celebration of Business Appreciation Month in June, the Kansas Department of Commerce is recognizing outstanding businesses. Bukaty Companies is pleased to announce a place among the honorees.

Businesses from across the state of Kansas were nominated in four categories: manufacturing/distribution, service, retail, and hospital/nonprofit.  

Bukaty Companies won in the service category for the East Central region and was one of 24 Kansas businesses to receive a Regional Business Excellence Award.