March 6th, 2016 Newsletter


When You Can Expect to Receive Your Tax Refund
I just filed my income tax return. When will I get my refund? A. The IRS usually issues refunds within 21 days after you e-file, or within six weeks if you mail your return. You’ll get your money the fastest if you e-filed …

Single Withholding vs. Married Withholding: What’s the Difference? 
Withholding is a way of spreading out your tax burden over the course of the year. The amount that’s withheld from your pay for taxes is …

Here’s what Americans do with their tax refunds
It’s hard to not get excited about receiving a tax refund. For many Americans, that annual check from Uncle Sam offers a rare opportunity …

Can’t pay your taxes? No spare cash? IRS has payment plans
When a small business owner or a company doesn’t have the funds to pay a tax bill, an installment payment plan with the IRS can be …
ABC News

There’s A Tough Retirement Choice Facing Baby Boomers
Could you reduce your spending as an acceptable price to pay for your retirement freedom? That might be necessary, since most boomers …

What Are Tax-Deferred Accounts?
A tax-deferred account is a type of financial account where you pay taxes on withdrawals at some point in the future instead of the year …
Investor Junkie

How 11 Types of Retirement Income Get Taxed
When you’re planning for retirement, it’s fun to contemplate all the cruises, rounds of golf and restaurant meals you have ahead of you …

5 Reasons You Should Switch Banks Right Now
Consumers have more options than ever for where to do their banking. In addition to local banks, national banks, and credit unions …
Fox Business

Refinancing vs. Home Equity Loan: What’s the Difference?
Your home is not just a place to live, and it’s not just an investment. It also can be a source of ready cash should you need it through …

Divorce is already costly but these mistakes will put a bigger dent in your wallet
If you’re getting a divorce, it pays to keep quiet on social media, says New York divorce attorney Jacqueline Newman. Trashing a soon …
USA Today

Auto loan delinquencies rise as the cost of monthly payments hit record high
A growing number of borrowers with auto loans are failing to make their monthly payments, according to Experian. The credit reporting …

“I used to have a lemonade stand, but this pays better.”
Copyright © Randy Glasbergen
What is the U.S. 2001 one dollar bill made of?
See the answer below.
Are You Better Off Than You Were 40 Years Ago?
After 40 years of Democratic and Republican administrations, real wages for most Americans have barely budged according to the Pew Research …
What Year Was It?

Bayer Patents Aspirin

What Year

The Imperial Patent Office in Berlin registers Aspirin, the brand name for acetylsalicylic acid, on behalf of the German pharmaceutical company Friedrich Bayer & Co.
The day was Mar 6. What year was it?

Quote of the Week
“It’s not the employer who pays the wages. Employers only handle the money. It’s the customer who pays the wages.”
Henry Ford
Trivia Answer
What is the U.S. 2001 one dollar bill made of?
Answer: Cotton and linen
Tom Umstattd, CPA
13276 Research Blvd, Ste 101
Austin, TX 78750
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