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My Financial Past, Present & Future

scrooge

With the holiday season upcoming, we thought it would be a great idea to compare your finances to the classic Christmas tale, “A Christmas Carol”. The main plot for this story is the life of one, Ebenezer Scrooge. The ‘Ghost of Christmas Past’ takes Scrooge back in time to remind him of how his life used to be and the way he used to act. The ‘Ghost of Christmas Present’ gives Scrooge a synopsis of his current daily life. Finally, the “Ghost of Christmas Future’ takes Scrooge into the future and shows him how his life will look in the future if he keeps living the same way he is in the present. So, let’s see how this compares to your financial situation…

My Financial Past, Present & Future

  • Your Financial Past:

    • Hammernik & Associates helps taxpayers recover from mistakes that they may have made in their past. If information was accidentally not reported on a prior tax return, or if a tax return was not filed correctly, we are able to file an amended tax return for up to 3 years.
    • What if you receive a letter from the IRS saying that they want to make changes to a prior tax return, or they want to audit your tax return? As Enrolled Agents, we are able to address these situations for you. We are able to correspond with the IRS on your behalf so that you don’t need to personally speak to them at all!
    • The IRS is on your back for past taxes that you owe them. They have the power to place liens on your accounts and start taking the money that you owe them. Hammernik & Associates is able to represent you and get you back on the right track. We will work with the IRS agent to remove any liens, get a payment plan in place, and get you on the road back to financial freedom.
  • Your Financial Present:

    • The tax code is always changing, and may be in store for another overhaul in the new presidency. Hammernik & Associates is always studying and taking classes to keep up with all tax law changes. Have the peace of mind that you are receiving all the credits and deductions that you deserve and are reducing your tax liability.
    • Stay compliant. We will help make sure the tax return that you are submitting is compliant with IRS standards to avoid future problems.
    • Set a game plan now for the next year. Maybe you did not take advantage of tax planning this year and it cost you some money, don’t make the same mistake again for the next year. Get a game plan set up now that will help you in the future.
  • Your Financial Future:

    • You cannot change the present (your tax return when it is filed) if you don’t plan for the future. Be proactive with your tax planning. There may be strategies available that can save you money at the end of the year by taking actions throughout the year.
    • If you expect changes in your life that may effect your financial situation, plan for them now!
    • Definition of Insanity: Doing the same thing over and over and expecting different results. What are you going to change? It’s your future, make it great.

 

My Financial Past, Present & Future is the basis around our Year End Newsletter which is set to hit our client’s mailboxes next week. If you would like to view an electronic version of the newsletter, it can be viewed on the homepage of hammernikassoc.com. Also available there, you will find our tax organizer if you want to get a head start on gathering up all of your tax documents.

Merry Christmas & Happy Holidays!

…Tax Season Is Coming.

 

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