7 Things to do Before 2017: Your Year-End Financial Checklist

With everything spinning around in your head, it’s easy to overlook these crucial year-end financial tasks. Skipping them can cost you and your family money – sometimes a lot of money. So sit down, take a look, and cross these off your financial to-do list today, before it’s too late. Spend every cent in your FSA (flexible spending account) – if you don’t use it, you lose it. Unlike the permanent Health Savings Account (HSA), this one is good for just one year, and any money left at the end gets forfeited (your employer gets it). So to make sure…

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Beware the Latest IRS Impersonation Scams

“This is the IRS. Records show that you owe a $1,556 tax debt, that must be paid immediately or you could go to court or jail. For your convenience, you can send the funds on an iTunes gift card to this address…” If you’ve gotten a call like that, you’ve been the target of an IRS impersonator. Or maybe you’ve gotten an official looking email from the IRS, informing you of an outstanding tax debt due to a mistake in your tax return. The email instructs you to send a check made out to “IRS” within the next thirty days…

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What if My Taxes Get Audited?

Tax audits are among the most common financial fears, but they don’t have to be – especially with your CPA by your side. Truthfully, though, unless you make more than $200,000 a year, your chances of getting flagged for audit are pretty slim. And with IRS budget cuts severely limiting their ability to even check returns for accuracy, you can bet that the odds are in your favor. In fact, less than 1% of all tax returns filed in any given year get audited. If your return does get singled out, you’ll most likely be able to handle the matter…

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An Open Letter To Our Representatives: Please Don’t Raise Taxes For Single Moms!

An Open Letter to Our Representatives: Please don’t raise taxes for single moms!

An Open Letter to Senator Mike Crapo (Chairman) and Senator Robert P. Casey, Jr. (Ranking Member) of the Senate Subcommittee on Taxation and IRS Oversight, and Congressman Kevin Brady, Chairman of the House Ways and Means Committee Please don’t raise taxes for single moms! As a single mom, I worry about money from the moment I wake up until my head finally hits the pillow at the end of the day. Even when I’m working more than one job, there always seems to be less money than I need to take care of everything my son needs. I’m a CPA…

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