Commonly-overlooked breaks

We are not in a position in which we have nothing to work with. We already have capacities, talents, direction, missions, callings.  - Abraham Maslow We're getting closer and closer to D-Day (April 15th: "Done Day") around here, and we've already had quite a tax...

Will a Trump Tax Cut (or Raise) Affect You in Centralia IL?

There's a lot of chatter around Washington and the media (at least the media which cares about such things) about a tax cut, and whether or not the Trump administration is actually going to do anything of substance in this area. And, of course, there's talk about tax...

A 12-Point Financial Health Check For Centralia IL Families And Individuals

We are now fully engaged in our tax "off season" here in Centralia IL. But interestingly, this is where the real difference that we can make on behalf of our tax preparation clients is actually made. We're diving into the new tax legislation, and attending classes...

Newcomb’s Tax and Financial Recordkeeping Rules of Thumb

One of the secondary problems with this whole IRS scandal has been that it's seeping my job as a Centralia IL tax preparer even more into personal life: * "Hey Alan -- call the IRS for me? I have some political enemies to persecute." * "Alan, what are my chances for...

Alan Newcomb’s Tax Moves for December 2013

I make it my practice here at Centralia IL Tax Preparation Central to put this weekly blogpost together on a Monday -- and today, of course, happens to be "Cyber Monday". Remember those days when we all had dial-up modems at home and it actually made sense to do your...

Could this be why you’re living month-to-month?

"Our life is frittered away by detail. Simplify, simplify." - Henry David Thoreau This week, I thought I'd reach for something, put on my "coach" hat, and do what I can to inspire you into greater financial prosperity. Simple Reasons For Being Broke As I mentioned,...

The Trump Shutdown Is Over And Tax Filing Season Has Begun For Centralia IL Taxpayers

Politics aside, I think we can all breathe just a little easier knowing that the federal government is no longer in shutdown mode.And on top of that, this morning, as I write, the IRS has begun accepting filed tax returns. Which means, well ... it's about to get...

“Those Little Mistakes Will Be Your Undoing” Centralia Accountant Warns

"Failure doesn't kill you ... it increases your desire to make something happen." - Kevin Costner As I write this on Monday morning, there are a bunch of tears in Baltimore and San Francisco. If you're not a football fan -- let me briefly tell you why:...

‘This is a Final Notice From The IRS’ Phone Scam, and Other Warnings From Alan Newcomb

For our East Coast friends -- how are you enjoying/surviving #SnowZilla? Keep posting those pictures ... and stay safe out there. For us, this week is actually heating up a little! The first full week of tax preparation is behind us (as of Tuesday this week), and it's...

A Centralia IL Tax Professional Examines The Presidential Tax Returns

In preparation for the political convention season, this Centralia IL tax professional was scattershooting around the tax and political world, today -- and wow, did I ever hit paydirt! (By the way, speaking of conventions -- this Isaac storm looks like it could really...

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!