After 53 Years, Retired Navy Scientist Has Wallet Returned from Antarctica
02/26/2021
Demolition crew in Antarctica returned a lost wallet from 1968 to its now 91-year-old owner, who said the wallet “brought back memories.” The Wallet returned from Antarctica^ When a movie trailer begins with “something being found in Antarctica,” 99% of ... Read More
Understanding the Tax Consequences of Selling One’s Personal Home: Part I
02/24/2021
This is the first of two FEDZONE columns discussing the tax consequences of selling one’s personal residence. Edward A. Zurndorfer Although the COVID-19 pandemic wreaked havoc on many parts of the U.S. economy during 2020, one part of the U.S. ... Read More
NASA: Mars Rover Perseverance Lands on Mars, Sends Video from Red Planet
02/23/2021
As three spacecraft arrive from the US, China, and the Middle East- NASA’s Rover, Perseverance, is the first to land on Mars. First photo from Perseverance^ Man’s 3 Current Mars Missions The first successful flyby of Mars that was performed ... Read More
White House’s Cybersecurity Response to Russian Hack
02/22/2021
2020 Cybersecurity breach of Federal Agencies causes Biden Administration to focus heavily on cyber-threats. SolarWinds is a US government contractor that supplies I.T. software to several federal agencies. In the spring of 2020, while the globe was attacked with a ... Read More
The Premium Stabilization Feature of FLTCIP
02/19/2021
Exploring the history and aspects of the premium stabilization feature of the Federal Long Term Care Insurance Program The Federal Long-Term Care Insurance Plan (FLTCIP) is, among all things, the hardest abbreviation to pronounce in the realm of Federal benefits. ... Read More
Understanding the Tax Reporting Rules of Capital Gains and Losses
02/18/2021
Ed Zurndorfer explains the tax reporting rules of capital gains and losses related to investment assets Raymond James and its advisors do not offer tax or legal advice. You should discuss any tax or legal matters with the appropriate professional. ... Read More
Capitol Recap: Weekly News Update for Federal Employees
FEDLIFE Podcast 43: Latest Tax Legislation Changes Every Fed Needs to Know
02/12/2021
In this episode, Dan Sipe and Ed Zurndorfer provide valuable insights into how the Consolidated Appropriations Act of 2020 affects your tax situation and Social Security benefits. They also discuss what the Earnings Test is all about, and its implications ... Read More
SpaceX to Launch SPHEREx Mission for NASA
02/11/2021
Elon Musk’s SpaceX company was awarded the contract to launch the SPHEREx mission in June 2024 Thomas Zurbuchen, an associate administrator for NASA said in 2019 that the SPHEREx mission will provide “an unprecedented galactic map of the Universe.” On ... Read More
Does a Dependent Child Have to File a 2020 Federal Tax Return?
02/10/2021
This column discusses under what conditions a dependent child has to file a 2020 federal income tax return and when a child’s income is taxed. Edward A. Zurndorfer Many employees have dependent children who received income during 2020. For example, ... Read More