A long break – unintentional
It has been since late August that I have written a blog and I apologize! The delay is in large part due to my heart troubles that occurred near the end of Labor Day Weekend. I woke up on that Monday morning and a few minutes later determined that I had visual...
Presidential Candidate Tax Plans
With the presidential election approximately 74 days from now, I thought it might be beneficial to review the tax plans that each candidate has disclosed so that you have that comparison available as you contemplate who you will cast your vote for this year. As part...
Tax Update
Has everyone had enough fun yet this year? "Unique" and "bizarre" are the best words I can think of to describe 2020 thus far. Life is definitely not "normal" this year. I recall a few posts near the end of 2019 from others indicating their excitement for 2020 because...
2019 “Initial” Filing Deadline
In this unique 2019 tax filing year, the "initial" filing and payment deadline is quickly approaching on July 15th. Except for the 2019 S-corporation and partnership initial filing deadline that remained on March 16th, as scheduled, all other filing and payment...
COVID-19 and Other Tax Updates
Well, it has been an interesting year so far - am I right? It was (or is, since the initial filing season is not yet over) the strangest tax season we have ever experienced. It was rather normal up until mid-March when everything changed. Honestly, we had enough work...
Tax Filing Extension and Tax Payment Extension
With less than four weeks until April 15th, we learned this week from the federal government that the 2019 tax return filing deadline and 2019 tax liability payment deadline have been automatically extended to July 15th from the usual April 15th date because of the...
Most Common Tax Filing Mistakes
According to various sources, the most common mistakes made when filing income tax returns are as follows. Math miscalculations and computation errors.Misspelled or different names.Incorrect social security numbers.Incorrect bank routing number or bank account number...
Happy Holidays!
Happy Holidays from Weech Financial! We hope that you have plans to enjoy the holidays with family and friends starting with Thanksgiving this week and through the New Year's celebration. We are thankful for the great clients we have the privilege of working with! We...
Political Elections and Candidate Tax Proposals
It is election season although this is an off year for presidential and congressional elections. As you are aware, however, the 2020 presidential election campaign season is well underway. It seems like there is less and less break time between presidential elections...
Tax Planning and Strategy
As of today, we are three weeks away from the October 15th tax year 2018 extended filing deadline for individual returns. Most of our clients have already filed their 2018 tax returns, but there are a few that we are working with to meet the extended deadline. As tax...