Unique Income Tax

Um, Facebook ... you should give us a call. Yikes!

Facebook Could Owe IRS Billions, Continues To Ignore Tax Summons Earlier this month, the U.S. Department of Justice filed a petition to force social networking company, Facebook Inc., to turn over information to the Internal Revenue Service (IRS)...

Something I frequently see is that many families pay little mind to estate planning because the estate tax threshold is so high ($5.45M for an individual, $10.9M for a couple). The fact is that for some farmers and business owners whose inventory and supplies can surprisingly affect this number, this is actually a short-sighted mistake.


And regardless of whether your assets will or will not be affected by this exemption, everyone should focus on what could really be accomplished through their legacy. Start there.

Would you do us a favor? Have your friends come our way. We've found that our best clients come from referrals. "Birds of a feather", and all that. We'd love to look over their current tax return, because we almost always find a better, more tax-saving way to file (and returns can always be amended, up to three years out).

I'll spare you the horror stories about the terrible things that can happen if you're not careful online (but there are plenty if you want to google them). As your trusted tax preparation practice, we make it a point to go well beyond what I'm sharing with you here simply because we handle so much sensitive information.


But for normal families, you don't need to erect the kind of cyber fortress that we have here ... you just need to mind yourself with some simple steps.

It's studies like these that remind us why we do what we do. We are here to help you navigate financial waters that might be a bit deeper than you think. Questions? We are here to help!

What You Think You Know About Money, but Don't, Can Hurt You Americans have grown more confident about their financial acumen since the market meltdown that ended in 2009. Yet they seem to know less about the subject than they did then. And most people didn't even know much about it in 2009.

Some Friday-Payday humor for you. ;) Have a great weekend, folks!

bit.ly

Credit reports sometimes contain errors. Have your credit report corrected if there are errors with any of the following situations, as they negatively affect your credit score:

* Late payments, collections, charge-offs that you don't think are yours
* Credit limits reported lower than they really are
* Accounts which are listed as anything other than "paid as agreed" or "current", including "settled", "paid charge-off", or "paid derogatory"
* Accounts listed as unpaid that were included in a previous bankruptcy
* Any negative item older than 7 years that is still appearing on your report

While I believe the best way to convey competence to coworkers and superiors is to actually be knowledgeable at what you're doing, I know that the job-hunters and promotion-seekers amongst us might be interested in how to make the best possible first impression. Some interesting stats here, from a business perspective.

7 tricks to instantly appear competent

If you got an extension this year to file your taxes, you don't have to wait until the week of October 15th to file! ;) We can help you file anytime you're ready.