January 29th, 2020 Newsletter


Important IRS Tax Due Dates and Deadlines
What does the IRS do if you miss a tax deadline? They hit you hard with penalties and interest. For instance, the standard penalty for failing to file your annual tax return on time is 5% of the amount due for each month …

How to Save for Property Taxes
A property tax bill is easy enough to get. Local governments typically assess property tax and send homeowners a bill in the mail …
RIS Media

Watch out for this tax scam and others in 2020
Most of us find it nerve-wracking enough that we’re forced to focus on gathering our piles of paperwork to fill out our tax returns …
USA Today

Why Your Credit Score May Fall — Even If You Pay Your Bills on Time
If you have a less-than-stellar credit score, a growing pile of debt, or are closer to maxing out your credit cards than you are to paying …

World’s richest 2,000 people hold more than poorest 4.6 billion combined
The world’s richest 2,153 people controlled more money than the poorest 4.6 billion combined in 2019, while unpaid or underpaid work …
Fox Business

Mastering the awkward financial talk
Money, it’s a gas. Unless you need to borrow some from your parents. Then it’s a conversation many adults will avoid at all costs, even …
ABC News

Women’s workforce gains hide problem in pay
American women have just achieved a significant milestone: They hold more payroll jobs than men. But this isn’t entirely good news …

Federal Debt Is Out Of Control, But It Hasn’t Always Been This Way
When the federal government spends more money than it collects, the result is a budget deficit. The deficit is added to the federal …

Alternatives to a Credit Card Cash Advance
When you need money fast, your first thought might be to turn to a credit card cash advance. It’s quick, it’s easy, and often your credit …

3 things you can do in 2020 to get your finances in shape for retirement
Several less-than-obvious strategies and tactics can help you get your finances in better shape for retirement. Some, like converting …
USA Today

How to Build Your Wealth in Your 40s
When you enter your 40s, you may start feeling like you have less time to prepare for retirement and find your financial footing …

“A credit card is what you use when something costs too much and you want to pay more for it.”
Copyright © Randy Glasbergen
What is the average life span of an American $1 bill?
See the answer below.
Debt Collection: Know Your Rights
Mortgages, car payments, medical bills, credit card obligations, student loans—the bills keep rolling in, and …
What Year Was It?

Baseball Hall of Fame Elects First Members

What Year

The U.S. Baseball Hall of Fame elects its first members in Cooperstown, New York: Ty Cobb, Babe Ruth, Honus Wagner, Christy Matthewson and Walter Johnson.
The day was Jan 29. 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
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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