Tax Services

When it comes to the world of taxes, preparation and planning go a LONG way. We have the expertise and knowledge you are looking for in a tax professional and can help you navigate your options.

We’re happy to help you with any of these services:

Tax Preparation

Stop missing out on potential deductions that could be saving you big money!

Tax Planning

Real strategies and solutions to help you minimize your IRS liability.

Being Financially Independent: Planning for the Future Starts Now

I'm going to stick with last week's theme on being financially independent because I got some nice feedback. Before I get there, a quick word about the IRS for our friends in Paducah...Per Kiplinger, as of June 25, the IRS had a backlog of 16.7 million 2019 and...

The Case Against Paducah Residents Not Paying Federal Taxes

What a fantastical dream -- to pay no taxes.Now ... would it surprise you if I said most American households (including many Paducah households) enjoyed that very dream in 2020 because they ended up not paying federal taxes - not a single dime?Last year’s insanely...

Post-Stimulus Taxes for 2020

I mentioned last week the key provisions of the "American Rescue Plan," while it was just proposed legislation.Now that the House has passed it, there is more meat on those bones. I'll run it all down for you once it's been signed by the President, but the key...

Big Earned Income Tax Credit Changes for all Paducah Filers in 2021

I have to apologize to all of my Paducah clients for the sheer volume of tax-centric writing I've been doing the last few weeks and months. Normally, I like to write on other topics (in addition to the tax-related stuff) ... but I cannot emphasize enough how massively...

Dean Owen’s Insights on How to Choose the Right Health Insurance Plan

November has officially begun.Decisions are upon us. All of the normal holiday decisions, like which Lego set to buy the little one or which relatives to invite (or not invite) for Thanksgiving dinner, are dancing through our heads as the seasons change.But not only...

How Paducah Retirees Can Maximize Social Security Benefits

We're almost there. Extended returns are due Friday, October 15th (for most - saving certain federally declared disaster areas). So, bear with us a little this week as we handle a bunch of last-minute things for the last-minute Paducah people.But today, I thought I'd...

The New Stimulus Update and Tax Issues for Paducah Filers

The "American Rescue Plan" has been finalized. And there are things about the new stimulus update our Paducah clients should know.While I normally write weekly, there is information in this strategy note that you need to know about now that might even impact how you...

The NFT Craze, Explained By Dean Owen

Events are happening fast in tax world, and we are VERY busy here at M Dean Owen, CPA, PSC. But this is a good thing -- we've been preparing for this season all year, and we love to serve.We knew that there would be unexpected curve balls this year, but "rewriting the...

Dean Owen’s Primer on Sports Betting and Taxes

Just less than five years ago, certain sports figures were being threatened with suspension for even APPEARING at collectibles events in which a sports betting company was a sponsor.Now there is an NFL-endorsed provider of sports betting (for those states in which it...

Helping Paducah Residents Understand the Purpose of Life Insurance

As the old joke goes, the only two guarantees in life are death and taxes.In these updates, I obviously spend a lot of time talking about taxes.And these past 12 months, no matter how things have landed for those of you in or near Paducah ... the other part of that...

How You’re Missing Legal Tax Deductions

Here’s a certain truth: the State and Federal Government would love to have more of your hard-earned money in their accounts. Sure, even though it’s painful, none of us begrudge paying our legal and fair share of taxes.
But the problem is that regular taxpayers, like you, are missing out on legal and safe deductions, to the tune of hundreds of millions of dollars in unclaimed refunds every year!

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