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Recently married or divorced? Notify the SSA

Published on September 20th, 2017

Some of the most common tax return errors come from name mistakes. Your name has to match the information on file with the Social Security Administration (SSA). So if you recently married or divorced but haven’t changed your name with the SSA, you’ll need to file under your old name.

Your receipts are important: save them

Published on September 6th, 2017

When it comes to taking qualified deductions on your federal tax return, three things must happen: Recognize that an expense might be deductible on your tax return. Keep a record of the expense in an organized fashion. Obtain the proper (and timely) documentation to support your deduction. This might be obvious to most people, but […]

Now Hiring: Accounting Services Professional

Published on August 24th, 2017

Accounting Services Riney Hancock CPAs PSC is looking for an experienced accounting services professional to join our team in our Owensboro, KY office. Riney Hancock CPAs has been named to Accounting Today’s Best Accounting Firms to Work For and has also received the Alfred P. Sloan Award for Excellence in Workplace Effectiveness and Flexibility. Key […]

Parents need to do estate planning

Published on August 17th, 2017

For a parent, estate planning is especially important. The first priority is to make sure your children are protected in the event that something happens to you. Your estate plan should appoint guardians for your minor children, as well as provide for their financial well-being.

Give to cut taxes

Published on August 10th, 2017

If you are in a position to give, making annual gifts can be an excellent strategy for reducing both your estate and income tax liability. Doing your gift-giving during midyear rather than late in the year is especially smart if you are gifting income-producing real estate. By doing so, you may further reduce your 2017 […]

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