Febuary 7th, 2018 Newsletter

Feb 7, 2018

Avoid an IRS Audit – Do These to Keep the Taxman Off Your Back

IRS audit’s aren’t fun. In addition to sleepless nights, they can be costly and time-consuming. The more you can do to keep your distance from the IRS the better off you are. I have seen audits go on for years. In fact …
Inc.

Divorce and taxes: the main considerations
With divorce comes major financial changes, and they includes taxes. Unfortunately, tax implications persist long after a divorce …
Fox Business

Here’s how Americans plan to spend their tax refunds this year
Though getting a tax refund is arguably a negative thing, as it means you overpaid your taxes during the year, the fact of the …
USA Today

Designating A Minor As An IRA Beneficiary
Leaving an IRA to minors can be a complicated procedure. Make sure you understand how your gift will be distributed, managed and …
Investopedia

How to Use College Savings to Benefit Children with Special Needs
Under the new tax law, families with a 529 college-savings plan can now roll that money into a tax-friendly ABLE account to help a …
Kiplingers

Five Things You Need To Know About Identity Theft And Tax Returns
With tax season in full swing, identity theft related tax fraud has become a hot topic. While taking steps to protect yourself …
Forbes

The money guide for unmarried couples
Couples are taking a lot longer to walk down the aisle these days — if they do it all. In 1960, 72% of American adults were married …
CNN Money

The 8 Best Services for Checking Your Credit Score
Pop quiz: What’s your credit score? If you’re like many Americans, your answer is probably “I dunno.” Surveys repeatedly show that …
Investor Junkie

What to Do If You Get Incorrect Tax Documents
Jessie Stake and Terri Adams were both surprised by the tax documents they received from the multi-level marketing company they worked …
Inc.

5 Proven Ways to Boost Your Retirement Income
Want more money in retirement? Who doesn’t? Here are a few tricks for getting your hands on some extra cash during your golden years …
Fox Business

Charity Funds Take Off as Tax Law Reshapes Giving
U.S. taxpayers late last year flooded into charitable-giving vehicles known as donor-advised funds that distribute to nonprofits over …
The Wall Street Journal

“Sure, it’s possible to make good money from the lottery. Invest in the company that makes the cards.”
Copyright © Randy Glasbergen

Trivia
In what year did the 2001 issue of the U.S. one dollar bill begin its design?
See the answer below.

Why now is a critical time to pay off credit card debt
It’s always good to pay off your credit card debt, but now may be a better time than ever to do so. Americans’ debt levels have …
ABC News

What Year Was It?

Beatles Arrive in New York

Pan Am Yankee Clipper flight 101 from London Heathrow lands at New York’s Kennedy Airport – and “Beatlemania” arrives.
The day was Feb 7. What year was it?

Quote of the Week
“An investment in knowledge pays the best interest.”
Benjamin Franklin

Trivia Answer
In what year did the 2001 issue of the U.S. one dollar bill begin its design?
Answer: 1957. Although the one dollar bill has been with us for a long time, the design of the 2001 version began in 1957.

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

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