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
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
Capitol Recap: Weekly News Update for Federal Employees
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
Proposed Legislation: New COLA for FERS and Comprehensive Leave
02/04/2021
Two proposed bills in Congress could mean good news for feds: The Equal COLA Act and the Comprehensive Paid Leave for Federal Employees Act Gerry Connolly, the Representative from Virginia, introduced the Equal COLA Act again, having last proposed the ... Read More
Five Tax Filing Statuses Available for Filing 2020 Income Tax Returns
02/03/2021
Determining One’s Filling Status is the First Step in the Preparation of the 2020 Federal Tax Return Edward A. Zurndorfer With the official start of the 2021 tax season about a week away on February 12, 2021, many federal employees ... Read More
2022 Federal Pay Raise Update: FAIR Act Proposed Again
02/01/2021
3.2% Federal Pay Raise for 2022 indicated in proposed legislation. The Federal Adjustment of Income Rates (FAIR Act) was introduced for the 6th time in Congress. Since 2016, the bill itself has been proposed annually but has never become law. ... Read More