Alan Newcomb Discloses The Starting Point For Tax Planning

Last week, I wrote to you that we would be giving some attention to "tax planning". If you're not entirely familiar with the term, it's the process by which you make moves NOW (before year-end) that can pay off in significant savings by the time we actually fill out...

THANK YOU

Wow, are we here at Team Newcomb ever tired! Thanks to you, our Centralia IL tax preparation business has been hopping this year. Because of the delays in the IRS system this year, we have many clients going on extension (about which I wrote last week), and we will...

Newcomb’s Top 10 Tax Document Checklist (Again)

A little while back, the IRS released a study which showed that the average time it takes ALL taxpayers to do their taxes is a total of 18 hours. The number is even higher if you don't just use the 1040EZ form. Seeing that figure once again reminded me of the service...

There ARE Some Shady Tax Pros Out There

"A lot of people like to do certain things, but they're not that good at it. Keep going through the things that you like to do, until you find something that you actually seem to be extremely good at. It can be anything." - George Lucas This subject came up in a note...

You get the credit

"The income tax has made more liars out of the American people than golf has." -Will Rogers Your family's Personal Financial Guide is here, and we've got some bad news to start the week...as well as some good news for many from the past weekend. (Btw, I'm not...

Start the decade right

Be true to your work, your word, and your friend. - Henry David Thoreau Well, now the holidays are truly behind us, and this is the week where reality sets in for everybody. No more family (which might be a relief?), no more parties, no more presents. Just...daily...

4 Last Minute Tax Savings Ideas For Centralia IL Taxpayers

I woke up Monday morning, after the wonderful holiday weekend ... and I had a realization: "After today, there are only FIVE days left in 2016." Perhaps not a genius realization -- fine. BUT, if you're smart about how you handle these days, you can pay yourself quite...

Alan Newcomb On How To Handle A Lost W2

The leftover guacamole is turning brown, Peyton Manning may or may not have ridden his last rodeo, and PuppyMonkeyBaby has surely established some kind of new standard for Super Bowl Commercial Weirdness. The NFL season is officially in the books. In my opinion, the...

Alan Newcomb On: Avoiding An Audit On Your Taxes (Part 1 of 2)

Sometimes I see a story which reminds me of the very reasons why I started doing what I do, here at this Centralia IL tax preparation business. Not every Centralia IL tax professional is the same -- some of us got into this business simply because we were pretty darn...

Five Common Retirement Strategy Mistakes We’ve Seen in Centralia IL

The IRS just began receiving tax returns this week, and we are cranking and grooving along, finding all kinds of savings on behalf of our Centralia IL clients ... as well as chomping at the bit to help them on THIS year's taxes. Truly, the more I take a look at this...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.

But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!