February 12th, 2020 Newsletter


Back-From-the-Dead Tax Breaks for Your 2019 Return
There’s a handful of tax breaks you may have heard about that keep coming back from the dead like zombies. In the tax world, they’re collectively referred to as “tax extenders”—every time they expire, Congress jumps in and …

Choosing the Right Business Structure is Crucial for Taxes
When you create and operate a business, there are many challenging decisions to make, ranging from which employees you hire to how you …
Bottom Line, Inc

Proposed Changes To Social Security Disability Insurance
In November 2019, the Social Security Administration released proposed changes to two programs, Social Security Disability Insurance …

Nervous about the size of your tax refund? You’re not alone
Sure, many people absolutely dread the thought of facing yet another tax season. Who wants to catalog all those charitable contributions …
USA Today

Holiday on plastic: US credit card debt surged in December
Americans gave their credit cards a real workout this past holiday season. The Federal Reserve said Friday that borrowing on credit …
Fox Business

Saving for College: Life Insurance or 529?
A college education may be the key to a better job for most Americans, but saving for college is daunting. College comes at an alarmingly …

Should your student loans and your spouse’s get hitched?
Multiple studies have shown that student debt can cause borrowers to delay getting married. For some borrowers, though, marriage could …

Did You Know There’s a Cure for Buyer’s Remorse?
Most of us know someone who just can’t say no who has gotten themselves into either some kind of an uncomfortable social situation — saying …

Salary Secrets: What is Considered a Big Raise?
Built up the courage to ask your boss for a raise? The quality of a workplace raise, it so often seems, is in the eye of the receiver …

Thought you didn’t need a credit score? Here are 4 reasons why you’re wrong.
Here’s a question that lands in my inbox or slides into my direct messages on Instagram every time I talk about the importance of building …
USA Today

Millions of American homeowners see fortunes improving, study finds
Only 3.5 million homes with mortgages in the U.S., roughly one in 15, were “seriously underwater” in the fourth quarter of 2019 …
Fox Business

“Our books are balanced. 50% of our numbers are real and 50% are made up.”
Copyright © Randy Glasbergen
Who was on the front of the once circulated US $10,000 bill?
See the answer below.
Guide To Cryptocurrency Tax Rules
How many bitcoin investors are not up to speed with the IRS crackdown? Millions, probably. Coinbase has …
What Year Was It?

Nelson Mandela Released From Prison

What Year

Nelson Mandela, leader of the movement to end South African apartheid, is released from prison after 27 years.
The day was Feb 11. What year was it?

Quote of the Week
“Many people take no care of their money till they come nearly to the end of it, and others do just the same with their time.”
Johann Wolfgang von Goethe
Trivia Answer
Who was on the front of the once circulated US $10,000 bill?
Answer: Salmon P Chase, the 25th US Secretary of the Treasury.
Tom Umstattd, CPA
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