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January 24th, 2018 Newsletter

Jan 24, 2018 14 Tax Breaks You Won’t Believe Are Real Okay, admit it: As you’ve struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you’ve taken a few flights of fancy. “Can I claim a …

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January 10th, 2017 Newsletter

Jan 10, 2018 You can start filing your 2017 taxes on … Amid the frantic push by Republicans to pass a tax overhaul by Christmas, it’s easy to forget that you still have to contend with your 2017 taxes. The IRS on Thursday said it would start accepting 2017 federal …

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December 6th, 2017 Newsletter

Dec 6, 2017 17 Tax Breaks You Won’t Believe Are Real Okay, admit it: As you’ve struggled with your tax return, trying to come up with some extra deductions to pump up your refund or reduce what you owe, you’ve taken a few flights of fancy. “Can I claim a …

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November 29th, 2017 Newsletter

Nov 29, 2017 Newlyweds? Tips For Filing Your Tax Return When you get married, you’re not only combining homes, but possibly tax returns, as well. Will marriage save you money on your taxes, or will you be penalized with a tax bill for your nuptials? Follow these steps for the …

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November 22nd, 2017 Newsletter

Nov 22, 2017 What is the ‘death tax,’ and who pays it? Will the government tax your estate when you die, taking assets you hoped to hand down to your heirs? The answer, under the current rules, is that it depends. Both the federal government and some states charge an …

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November 15, 2017 Newsletter

Nov 15, 2017 Tax Q&A: Mortgage Interest Deduction And Other Matters Here are some questions we’ve received from readers about the House tax plan released Nov. 2. (The answers match the plan as of Nov. 5, and could change as lawmakers debate. Q. Can you clarify proposed changes to the …

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November 8th, 2017 Newsletter

Nov 8, 2017 Smart Year-End Moves to Trim Your 2017 Tax Bill The outlook for tax reform is still uncertain, but this much seems clear: Tax rates are unlikely to go up in 2018, and there’s a good chance that they’ll go down for most taxpayers. That makes some year-end …

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Tax Q&A with Tom Umstattd, CPA

Sign up for this event on Meetup.Com! Tom Umstattd,CPA will be holding this Question & Answer session to answer your questions about federal income taxes, accounting, or any other tax questions you may have. If you run a growing business, this is a meetup you may not be able to afford …

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What is My Filing Status?

The below article is from the IRS. We thought it was helpful and decided to re-post it here  for your convenience. Issue Number:    IRS Tax Tip 2016-10 Inside This Issue: Choosing the Correct Filing Status It’s important to use the right filing status when you file your tax return. The status …

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Donate the clutter. Reduce your tax bill.

One man’s trash is another man’s treasure.  By Tom Umstattd, CPA There are many folks less blessed than we who would greatly appreciate the stuff in our garages & attics.  Or perhaps we have moved, lost or gained weight, or lost a beloved family member and still have some of their …

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