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Posts Tagged ‘Best CPA Southlake’

Know The IRS’s “Dirty Dozen” Tax Scams

Every year the IRS releases its “Dirty Dozen” list of the year’s most prevalent tax scams. They include ploys to steal personal information, talk people out of money, or engage in questionable tax activity. Here are some of the top scams: Phishing. Fake emails or websites claiming to represent the IRS, for the purpose of…

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When An Extension Makes Sense

While most people should file a tax return by April 17th, you have the option of delaying your filing date until Oct. 15 with a tax extension. When to file an extension Missing or incorrect information. If one of the forms you need to file your return has an error on it, it is often…

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Zombie Payer – Keep Your Automatic Payments In Control

Zombie Payer - Automatic Payments

  When it comes to paying bills, many people can’t imagine returning to paying and sending bills via the U.S. Postal Service. But, the “turn it on and forget it” nature of automatic payments can create zombie payers who no longer challenge or review the details and amounts of bills. Here are some ideas to…

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Finances After the Death of a Loved One

Dealing with Finances after death of a loved one.

The last thing you want to be bothered with when you are grieving is sorting out the finances after the death of your loved one. Here are some suggestions to make the process a little easier. Prioritize. Focus on the most pressing tasks you face. Make sure you have access to the right accounts in order…

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Common Audit Red Flags – What Attracts the IRS

Common Audit Red Flags - What Attracts the IRS

For handwritten taxpayers, preparing their tax return isn’t the problem. It’s the fear of an audit. Audits are fairly uncommon, but the IRS may notice your tax return if certain red flags are present. Here are some of the common audit red flags to help you prepare for the possibility of your return being reviewed.…

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Four Tips for Working Beyond Retirement Age

Working Beyond Retirement Age

Four tips for working beyond retirement age Many people choose to work into their retirement years. If this is something you’re considering, here are some tips to make sure you get the greatest benefit from your efforts. 1) Consider delaying Social Security. You can start receiving Social Security retirement benefits as early as age 62,…

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Everyone Knows Someone Who Missed the Boat

Missed Tax Deadline

 This year’s April 18 tax deadline has come and gone, but not everyone has filed a 2016 tax return. Some have missed the boat!  Many taxpayers who should file simply do not. Common culprits are older, retired parents, and young adults who are new to tax filing requirements. Here are just a few reasons these…

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Dana McGuffin CPA Wins Best of the Best CPA 7th Year in a Row

You did it again, friends! Thank you for choosing us as Southlake’s Best of the Best CPA Firm for the 7th year in a row! We have been honored to be voted Southlake’s best CPA firm since 2011 and it’s our privilege to serve community businesses, ministries, and churches. Thank you for the opportunity to…

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Knowing “The Line” Creates Opportunity

A simple way to think about your 1040 tax return is focusing on a single line, your Adjusted Gross Income (AGI). Anything “above the line” creates an AGI that can yield tax opportunities or tax consequences for anything “below the line.” Being aware of “the line” and the impact it has on your tax return…

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