February 6th, 2019 Newsletter

3 Mistakes You Don’t Want To Make This Tax Season
Last week was the beginning of every American’s favorite time of the year … to hate: tax season. Starting last Monday, January 28th, the IRS started accepting tax returns for the 2018 tax year. Here are three of the most common …
Forbes

These red flags on your 2018 tax return could spark interest from the IRS
Even though the IRS may be just getting back on its feet after the partial government shutdown — with another one potentially in …
CNBC

What you’re getting when you buy pet insurance
While it’s smart for pet owners to have pet insurance, not all companies and policies are the same, said veterinarian Jennifer Quammen …
USA Today

How Much Rent Do You Need to Charge to Make a “Good” Investment?
Rental real estate can be one of the most rewarding and potentially lucrative income sources out there. But how much rent do you need to …
Investor Junkie

Worried about a recession? Consider a move to these 7 slump-proof US cities
Worried that the relatively rosy economic times may soon be over? You’re not alone. A recent survey from Duke University found that half …
CNBC

How To Lower Your Taxes And Spark Joy By Tidying Up With Marie Kondo
Kondo-mania has swept the nation. It seems viewers can’t get enough of the Netflix show “Tidying Up with Marie Kondo” and watching …
Forbes

Take These Simple Steps to Open an IRA
If you’re putting off doing your taxes because you’re afraid you might be getting back less than you expect or, worse yet, owe more than …
Investopedia

It’s not too late to set money resolutions for 2019
New Year’s Day has come and gone and perhaps your resolve to stick to your resolutions has disappeared by now as well. If so, don’t despair …
ABC News

Emergency Funds Can Reduce Stress
According to a 2018 report from the Federal Reserve, 40% of adults in the U.S. would not be able to cover an unexpected expense of $400 …
Kiplinger

Taxpayers could be shocked by refund size this year: Report
Taxpayers are accustomed to receiving big refunds after filing, but experts warn that with new laws more people could end up owing the …
USA Today

Here’s what many Americans are doing to get out from under debt
It’s a Catch-22: You want to make progress on paying off your debt but, in order to do so, you take out yet another loan. A new study …
CNBC

“Our books are balanced. 50% of our numbers are real and 50% are made up.”
Copyright © Randy Glasbergen

Trivia
What is the average life span of an American $1 bill?
See the answer below.

6 Expert-Approved Ways to Travel on a Budget
Planning a vacation is much easier than it used to be, thanks in large part to the internet. After all, finding a hotel, flight or dinner …
Time

What Year Was It?

Elizabeth Becomes Queen

After a long illness, King George VI of Great Britain and Northern Ireland dies in his sleep at the royal estate at Sandringham. Princess Elizabeth, the oldest of the king’s two daughters is the next in line to succeed him.
The day was Feb 6. What year was it?

Quote of the Week
“A nickel ain’t worth a dime anymore.”
Yogi Berra

Trivia Answer
What is the average life span of an American $1 bill?
Answer: 5 years

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Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750

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Tom Umstattd, CPA

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