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Mistakes Paducah Taxpayers Should Avoid When Filing For a Federal Tax Extension
Key TakeawaysA federal extension provides six extra months to file, but all taxes owed must still be paid by the April 15th deadline to avoid penalties and interest. For 2026, the IRS assesses a 0.5% monthly failure-to-pay penalty plus 7% annual interest...
s the Self-Employment Tax Credit Real? And Other Tax Scams Paducah Taxpayers Should Watch For
Key TakeawaysToday’s tax scams look professional, sound convincing, and are built to get your Social Security number, filing credentials, or signature on a bad return. A big refund promise is one of the clearest warning signs of a scam. You are...
Will the IRS Ever Call You On the Phone? 6 Tax Scams for Paducah Taxpayers to Avoid
Key TakeawaysThe IRS does not initiate first contact by phone, text, email, or social media. Initial contact is generally made by mail. A message demanding immediate payment, threatening arrest, or asking for gift cards, crypto, or banking information is a...
M Dean Owen, CPA, PSC’s Top 4 Reasons For Filing a Tax Extension
Key TakeawaysA federal tax extension gives you until October 15 to file your individual return, but it does not extend the time to pay tax due. Filing an extension makes sense when your return would otherwise be incomplete or inaccurate. You should...
Essential Financial Skills Every Small Business Owner Needs to Thrive
Paducah-area small business owners and freelancers make money decisions every day, yet many are forced to rely on gut feeling because the numbers feel unclear or intimidating. That gap shows up fast as pricing that doesn’t cover costs, hiring that strains cash...
~Contact.FirstName~,Dean Owen here, from M Dean Owen, CPA, PSC. I realize that this is one of my first emails to you that’s not about your tax return. That’s because, starting today, I’d like to bring you even more valuable information that you can apply to...
How to Launch and Scale Your Electronics Manufacturing Startup with Confidence
Electronics manufacturing entrepreneurs, especially local small business owners and individual operators building their first product line, often discover that the electronics manufacturing industry punishes guesswork fast. The core tension is simple: getting from a...
How Do Taxes for Freelancers and Paducah Gig Workers Work?
Key TakeawaysIf you had freelance or side gig income in 2025, you report it on Schedule C. If your net profit is $400 or more, you also file Schedule SE for self-employment tax. Even if you never receive a 1099, your freelance or side gig income is still...
How Long Should My Tax Refund Take? What Paducah Taxpayers Can Expect
Key TakeawaysMost federal tax refunds are issued within 10–21 days after the IRS accepts your e-filed return. E-filing with direct deposit is the fastest method, usually delivering refunds within about three weeks. Returns claiming credits like the...
Are IRA Contributions Deductible for Paducah Savers?
Key TakeawaysTraditional IRA contributions may be deductible, depending on your income, filing status, and whether you or your spouse are covered by a workplace retirement plan Roth IRA contributions are not deductible, but qualified withdrawals in...
Paducah Taxpayers Filing in 2026: When Should You Hire An Accountant For Taxes?
Key TakeawaysIf your return is truly simple (one W-2, standard deduction, no investments or side income), tax software may be sufficient. If you have self-employment income, rentals, investments, multi-state issues, or major life changes, filing with a...
How Much Do I Have To Make To File Taxes With My Paducah Tax Preparer?
Key Takeaways For the 2025 tax year, a single taxpayer under age 65 generally does not need to file if total income is below $15,750 (assuming no special circumstances apply) Certain types of income, like self-employment income or taxable Social...
