New Court Approved Way to Fight IRS Penalties!

You hate IRS penalties, right? Everyone does! There are a lot of strategies we can use on your behalf to potentially defeat an IRS penalty. Thanks to the courts, though, we now have a brand-new way to beat an IRS penalty. It’s Section 6751(b) of the Internal Revenue Code. This provision can get you out […]

Home Equity Line Interest Not Deductible Anymore!

Home Equity Interest May Not Be Deductible Many homeowners have taken out a home equity line note and in the past have been able to deduct the interest from the note (upto $100,000) regardless of what the money was spent on, but NO MORE!  The new tax law that went into effect in 2018 does […]

2017 Tax Year Filing List – What to you need to bring!

Ted Smith’s “Real World” Personal Strategy Note Ted Smith’s 2017 Tax Year Filing List “In every single thing you do, you are choosing a direction. Your life is a product of choices.” – Dr. Kathleen Hall With all of the changes every year (and, of course, that’s especially true THIS year), filing your taxes on […]

Scam Targets Tax Data

Two weeks until the end of the official tax season and the Wall Street Journal reports today of a new email scam targeting companies.  So it works like this; someone impersonating a high ranking official at the business sends an email to HR or payroll asking for them to forward copies of W-2s to them. […]

Phone Scam ‘This is a Final Notice From the IRS’

Ted Smith’s “Real World” Personal Strategy Note ‘This is a Final Notice From The IRS’ Phone Scam, and Other Warnings “I know in my heart that man is good. That what is right will always eventually triumph. And there’s purpose and worth to each and every life.” – Ronald Reagan In case you didn’t already […]

Refunds May be Slower This Year!

Refunds may be slower this year.  Tax return identity theft is a huge issue with more and more taxpayers tax return being compromised.  As a result the industry is implementing additional measures to decrease the risk of tax return identity theft.  The IRS is also doing much work in this area.  Some additional protections will […]

Health Insurance Enrollment Deadlines Approaching

If you need some help with obtaining health insurance through the exchange, contact our office at 417-449-4064 as we have developed a couple of options to help you obtain quotes, coverage and other health related coverage.  You can also send a message below and we will send you the contact information to obtain your quote. […]

IRS Suing You?

Another scam is working its way around the country.  This one involves a person receiving a phone message similar to the below; Internal Revenue Service the reason of this call is to inform you that IRS is filing a lawsuit against you. To get more information about this case file. Please call immediately our department number […]

Tax Refund Fraud to Hit $21 Billion by 2016!

More and more people are finding out someone else has filed a tax return using their social security number.  This can be scary and frustrating to taxpayers.  The refund fraud is to hit $21 billion by 2016! Thief’s are filing returns using stolen social security number and obtaining large refunds.  You normally find this out when […]

Important Tax Update – Dog Days of Summer

Ted Smith’s “Real World” Personal Strategy Note Three Tax Updates To Know Right Now “It is not a daily increase, but a daily decrease. Hack away at the inessentials.” – Bruce Lee I’ll start with the one that could potentially impact all of my clients: 1) Tax Scammers Getting Smarter (And Scammier) Because we’ve all […]