Tune in 12/20 to WDSU and WWL!

  Make certain you tune in December 20! I’ll be on the radio with Monica Pierre in the early morning! In addition, I’ll be on live with WDSU at 9:45a discussing last minute money moves before the clock strikes 12!

Be blessed!

Kemcents

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Join me! 5 Dumb Things Smart People Do With Their Refunds!

Join Patrice Washington and Kemberley Washington for “5 Dumb Things Smart People Do with Tax Refunds”

LIVE COMPLIMENTARY CALL

Thursday, March 21, 2013

8:30 PM EST

-Ever received a tax refund and thought, “This time I’ll get it together!” 

-Tired of having good intentions, but making bad decisions with your tax money? 

– Ready to make smart money moves that actually help – not hurt you more?

JOIN US TO LEARN:

1) The #1 mindset shift you’ll have to make in order to increase your chances of financial success around this time of year.

2) The 5 mistakes you MUST avoid when making plans for your tax refund this year and every year from this point on.1) How to get more accomplished in ONE QUARTER than most people get accomplished ALL year!!

3) Several SMART ways to start investing and stop spending your tax money!

4) What to say to aggressive bill collectors who ONLY appear during tax time!

CLICK HERE TO REGISTER

What to do with your tax refund?

Taxes chart with green pinNow that tax season is winding down, hopefully you have taken advantage of the many tax deductions available and the IRS has allowed you to walk away with a couple of dollars in your pocket. According to the Internal Revenue Service (IRS), the average tax refund is approximately $3,000. Knowing this – many corporations aim advertisements to snatch your tax refund out of your pocket. Whether it’s a tax day sale or car dealers promising to double your tax refund, there are many sticky financial traps – so be cautious as you decide what to do with your tax refund.

Don’t believe the hype! You can’t claim these on your tax return!

taxrefund

Being a CPA, I often get tons of calls from friends I haven’t heard from throughout the entire year. Of course, they are not calling to see how I am doing, but just want to pick my brain about how they could boost their tax refund!  Whether it is determining whether they can claim their long lost cousin or file head of household (although they are married and living with their spouse), it is important I help them sort through the “hype!” Continue reading

When the IRS Comes Knocking

You receive the letter many dread, the Internal Revenue Service (IRS) has requested to audit your tax return. It could be for many different reasons. Maybe your income on your tax return did not match the amount reported to the IRS, or your expenses seem to be a bit questionable. If so, you could be the lucky winner of a full IRS audit. No matter what reason the IRS decides to come knocking, one thing is certain – you must be prepared. As a former IRS agent, I have had the opportunity to participate in a host of audits, and time and time again, the key to surviving these unwanted ordeals, is to make certain you understand your rights and responsibilities. Continue reading

Self-Employed? Reporting your income may be more beneficial than you think!

moneyIf you are a self-employed individual, you have at your discretion to be flexible when reporting your income and deductions on your tax return. Of course, if you receive 1099s, this income will be reported to the IRS, however if you receive cash payments or unreported income, you may be go unnoticed.  Besides, will the IRS really know you receive those payments last year?  Hey, no one is looking – right?

Wrong! Even if you never been audited or never will, these type of decisions will be certain to catch up with you down the road. Continue reading