December 13th, 2017 Newsletter

Dec 13, 2017
Self-Employed? Use Deductions and Other Strategies to Save at Tax Time


Working for yourself is the American dream, right? There’s no demanding supervisor hovering over you, you can set your own hours, and — if you choose to work from home — you never have to contend with a grueling commute or even …
Investor Junkie

Red Flags for IRS Auditors
Ever wonder why some tax returns are eyeballed by the Internal Revenue Service while most are ignored? Short on personnel and funding …

3 unexpected retirement costs that can shake up your finances
Health-care expenses and taxes are throwing off Baby Boomers’ spending patterns. These are just two of the living costs that are consuming …
USA Today

The Average 55-Plus Worker Doesn’t Have Enough Retirement Savings
By the time you reach age 55, you likely have 15 years or less to go before you retire. That’s why it’s so troubling that the Federal …
Fox Business

Medical Debt: What to Do When You Can’t Pay
What if you have accumulated medical debt and have no way of paying it when it’s due? People often feel ashamed of their medical debt …

I bought $250 in bitcoin. Here’s what I learned
Some people kill time at the airport by browsing duty-free shops. I decided to shop for bitcoin. But first, there are two things …

Last Call for Electric-Car Tax Credit?
Time could be running out on the chance for new-car buyers to pocket a tax credit worth up to $7,500 for the purchase of a new electric …

Ten Largest Card Lenders Account For More Than 70% Of The U.S. Card Industry
The U.S. card industry crossed the $1 trillion mark for the first time in Q3, as increasing penetration of credit cards in the country …

Smart Strategic Moves to Improve Your Credit in the New Year
We all know there’s a healthy hacker culture in the entrepreneurial world. For decades, coders have hacked their way to creating …

4 Tax Breaks You Won’t Want to Miss
When tax time rolls around, you’ve got to grab every break you can. Missing out on tax breaks means that you’re overpaying the IRS …
Fox Business

How can late-in-life couples share expenses moving forward
I am a senior who has recently met a widower. Both of us are in our 70s and in good health. We enjoy each other’s company, live nearby …
USA Today

“Can you print a scratch-n-sniff resume that smells like money?”
Copyright © Randy Glasbergen
What colors are in the background of the U.S. 2003 $20 bill?
See the answer below.
How Interest Rates Affect Property Values
Interest rates, especially the rates on interbank exchanges and Treasury bills, have as profound an effect on the value of income …
What Year Was It?

Gore Concedes Presidential Election

Gore Concedes Presidential Election

Vice President Al Gore reluctantly concedes defeat to Texas Governor George W. Bush in his bid for the presidency, following weeks of legal battles over the recounting of votes in Florida.
The day was Dec 13. What year was it?

Quote of the Week
“Empty pockets never held anyone back. Only empty heads and empty hearts can do that.”
Norman Vincent Peale
Trivia Answer
What colors are in the background of the U.S. 2003 $20 bill?
Answer: Green, peach, and blue.
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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