An update from Tina

An update from Tina

Just in case you missed Michael’s original blog about my surgery, let me start from the beginning.

Transition, Telephones and Tatas – March 5, 2019

In the middle of all her planning for our move and being economic and realizing with her heel surgery that her deductible was completely made for 2018, Tina got her annual mammogram on December 29.  The result was not good news.  An MRI biopsy followed in mid-January.

Tina received the best of bad news soon after.  Tina was diagnosed with DCIS.  DCIS is also known as Cancer 0.  DCIS is considered non-invasive or pre-invasive breast cancer. DCIS can’t spread outside the breast, but it still needs to be treated because it can sometimes go on to become invasive breast cancer (which can spread)

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Five Plus One = $12,000

Five Plus One = $12,000

The April 15th deadline is only 31 days away!

We have seen many of you and here are the top 5 questions we are being asked plus a BONUS planning idea for business owners.

TOP FIVE QUESTIONS

Is my real estate tax, sales tax, and property tax still deductible?  Yes and No.  The “SALT” taxes are limited to a maximum of $10,000. So yes they are deductible however many are finding that with property taxes rising they are getting capped.

Is the mortgage interest on my house deductible?  Yes, however, the standard deduction has risen and now is $24,000 for married couples, $18,000 for the head of households and $12,000 for single filers.  There are also limitations on the amount of the mortgage which for loans taken out after December 16, 2017, the loan is capped at $750,000.

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Transition, Telephones and Tata’s

Transition, Telephones and Tata’s

In the Movie “Patton” we are lead to believe that in just 24 hours General George C Patton had his army pivot 90 degrees, march in the snow and re-engage on December 26, 1944, in the Battle of Bastogne.  In reality, Patton and his officers had begun planning an offensive move in early November 1944.

Just like Patton, our general, Tina Tannery, began planning our move in early January and along with Jill Platt and Jennifer Livingstone executed it perfectly on Thursday, February 28 to our new office.  We are just east of 75 on Campbell Rd.

The address:

740 E Campbell Rd

Suite 120

Richardson, TX 75080

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It’s Almost Tax Time

It’s Almost Tax Time

Even with the government shutdown, it is almost “Tax Time”.

The Internal Revenue Service (IRS) has announced that tax season will open on Monday, January 28, 2019. The IRS will begin accepting paper and electronic tax returns that day.

Due Date for Individual Returns this year is April 15, 2019.

But even if you can’t know for sure exactly when you’ll be able to file your return, it’s not too early to get ready for tax season.

Five Key actions to consider as you get ready to file your taxes for the 2018 tax year.

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