January 2021 Vol 3

HBS Tax Tips

A Newsletter published by the HBS Financial Group, Ltd.

IRS Provides Free Tax Information for Veterans

The Internal Revenue Service is committed to providing assistance to all Veterans. We work with community and government partners to provide timely federal tax information for Veterans about tax credits and benefits, free tax preparation, financial education and asset-building opportunities available to Veterans. Learn more…. 

If You Deduct Business Meals, Read This

On Sept. 30, 2020, the IRS issued Regs. Secs. 1.274-11 and 1.274-12 (T.D. 9925) to address the changes made to the meals and entertainment deduction under the TCJA.There are several examples given that help to clear up prior confusion for business meals and entertainment expenses. Learn more…

5 Best Debt Consolidation Options

Getting out of debt is challenging, especially when you have multiple creditors. If you are juggling different accounts, payment amounts and due dates but feel like you’re chipping away at an iceberg, it’s time to consider debt consolidation. Learn more… 

How to Save Money: 35 Ways to Reduce Expenses

Once you’re ready to start reducing monthly expenses, try following just one tip at a time. If you can start with a resolution to always price compare before making a purchase, you’ll already be saving big. Brewing your own coffee a few days a week instead of stopping at a coffee shop also adds up over the course of the year. Learn more… 

5 Tax Filing Tips For The Divorced

Going through a divorce is bad enough. Don’t let a tax filing mishap make it even worse. There’s a lot to deal with during a divorce. Add to the list more complicated paperwork during tax filing time. The following tips from Kathy Pickering, executive director of The Tax Institute at H&R Block, will help make sure you’re on top of things for tax day. Learn more… 

8 Ways to Handle Gift Giving on a Tight Budget 

When someone you love is about to pass a major milestone, it’s common to give them a gift as a way of acknowledging their achievement. But you don’t always have the spare funds to shell out for an expensive gift, especially during the holiday season. That doesn’t mean you have to skip it — just get creative. Learn more…

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Trivia and Quotes

Pick out the cookie by name!

This one is for the ladies and those that love cookies. Can you pick out the cookie picture when given the name? Click this link and see how well you know your cookies.

Filing 2020 taxes begins inCountdown

” data-wplink-url-error=”true”>Tax filing season starts soon

Countdown

Quote of the Week

I just replaced the can of air freshener in the office bathroom with an air horn. And now we wait…
(Unknown)

(Wonder if this guy ever appeared in public again?)

Disclaimer
The articles in our publications come from many sources. We do not endorse information or opinions appearing in linked articles. The articles selected are not sponsored, and we assume no responsibility for the accuracy of the information. Copyright for linked articles belongs to the linked source.

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