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...

Self-Protection Through Knowing How Long To Keep Tax Records, by Alan Newcomb

Many of our Centralia IL tax preparation clients have never received that dreadful notice from the IRS, initiating an audit -- or, much worse, the KNOCK on the door! If you never have, you probably don't keep much financial documentation. If you have, you are probably...

Some Light Notes for Hot Times…

"Look, I'm not the one with the problem, okay? It's the world that seems to have a problem with *me*! People take one look at me and go 'Aargh! Help! Run! A big stupid ugly ogre!' They judge me before they even know me." - Shrek The old email inbox has been "heating...

Seven Free Tips For Identity Theft Protection For Centralia IL Individuals & Families

With the recent bombings in New York and New Jersey, the nation seems (once again) to be on edge, and the news channels are (once again) analyzing non-stop the ramifications of it all, what should have been done, what could be done, etc. Fear can run rampant within us...

Newcomb’s 5 Steps To Affect Your Credit Score

Look, I don't know what a Pokemon is, but with the kind of summer that our nation and world has been having, I suppose I can understand the appeal of plugging into an alternate reality and hunting weird, imaginary creatures. With Baton Rouge (once again) in the...

A Credit Freeze How-To, and Why Alan Newcomb Recommends It Now

I hope you're well today. This is the final week before extended returns are due (Monday, October 16th is the due date this year), so we are working hard with those clients who placed an extension on their filing to make sure that everything is set up and filed...

Start The Estate Planning Process During Tax Season by Alan Newcomb

We are rocking and rolling through tax season these days at Ye Olde Newcomb Tax Shoppe. But I woke up Monday to the news that the federal government took in a record $1.08 trillion in taxes during the first quarter of their fiscal 2017 (which ran from Oct '16 - Jan...

Halftime Tax Adjustments for Centralia IL Taxpayers

I have an action item for you in a moment, but before I get there, allow me to explain... You see, one of the projects toward which I devote my time during the summer, is expanding my financial intelligence. I'm not just referring to learning more technical moves, or...

Alan Newcomb Reveals 5 Ways We Avoid Keeping Better Money Habits

We spend a disproportionate amount of our time around the Team Newcomb offices dealing with government forms and websites. (Seriously though -- can you or I get a gig as a web designer for the government? Those contracts run in the 7 figures ... and the designs still...

5 Tips on How to Become Wealthy in Centralia IL

As we continue to keep our eyes on what's happening with the GOP tax reform bill in Washington, we are focusing on an entirely different kind of "tax reform" around here: Tax planning with our smartest Centralia IL clients. Because something that is a commonality...

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!