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Monthly Archives: February 2021

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

02/17/2021
STWS Advisor Jen Meyer provides her recap of the week. This edition includes COVID relief, the second impeachment of Trump, and more. Jennifer Meyer, CFP© News for the week ending February 12th continued to focus on the COVID pandemic and ... Read More

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