IRS is now using collection agencies
The IRS is now using outside collection agencies to collect unpaid tax obligations. This new program will start slowly with only a few hundred taxpayers receiving mailings. The number will grow into the thousands later in the spring and into summer.
Schedule your midyear tax planning session
Most people don’t include tax planning on their summertime agenda, but maybe they should. The problem with waiting until the end of the year is that you reduce the time for planning strategies to take effect.
Checking your withholding could be a smart move
If you received a large tax refund or owed a large balance on your 2016 income tax return, it may be time for you to check your withholdings.
Do’s and don’ts of amending your tax return
What happens when you discover you made a mistake on your 2016 return that you just filed? Before you decide if you should file an amended tax return, there are a few do’s and don’ts you should know. First, don’t panic, and second, don’t ignore
Meet Beau Carpenter, CPA
We’d like to introduce you to Beau Carpenter, CPA.
Social Security News
The Social Security Administration announced earlier this year that they will be mailing out fewer Social Security Statements. Only people age 60 and over will receive annual statements in the mail.
March 2017 Market Insight
It was an interesting month in financial markets as U.S. stocks and bonds were largely flat, while international stocks (MSCI EAFE) surged 2.75%. This surge of international stocks has been very short-lived so far, but the surge is worth noting
Investment Update
The year is off to a great start for stock investors, as the S&P 500 Index (U.S. large companies) is up 6.07% through the end of March. U.S. stocks have been strong over the course of the last several years, as we’ve seen only minor decline
Apply for an extension if you can’t file by April 18
Tax time can be stressful, but don’t panic if you can’t file your tax return on time. There’s still time to get an automatic six-month deadline extension.
