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.

Getting Started in Real Estate Investing: Some Tips for Paducah Investors

Depending on what kind of news you're consuming these days or how much you're paying attention, you might not have been noticing the inflation signals that are popping all over the place. This does have implications for Paducah taxpayers of all stripes -- and we will...

M Dean Owen, CPA, PSC’s 2017 Tax Preparation Checklist

Lots of things have been changing recently -- from Academy Award ratings (they're down), to mortgage rates (which have been rising), to the effective tax rates for most businesses and families in 2018 (which, you may have heard, have changed!). But we here at M Dean...

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...

When Amending a Tax Return Is Right for Paducah Taxpayers

Here we are in May. The tax deadline is in the rearview … and we’re still here for our Paducah friends. Ready to rock on your behalf. Today I’m talking about second chances.Ctrl + Z. Ever used that keyboard shortcut? It’s also known as the “undo” button – a...

Retirement Contribution Tax Deductions for Paducah Filers

So, I’m not one for constant gloom-and-doom talk, but I do believe in giving it to you straight. And here it is:Things at the IRS are a maelstrom of hot mess. Some very serious voices are sounding the alarm of impending disaster at the agency ... and no one really...

Dean Owen’s Insights on Good Debt Vs Bad Debt

Before I jump into outlining good debt vs bad debt for all those in Paducah trying to tackle their personal debt, let’s touch on some news from everyone’s not-so-favorite government agency. Late last week (Friday news dump?), ye olde Internal Revenue Service announced...

The Latest Advance Child Tax Credit Payment Info for Paducah Parents

I normally don't send these special bulletins, but I wanted to get this to Paducah parents ASAP. You probably heard on the news that the IRS is sending out "advance payments" of $250 - $300 per month for children. The first advance child tax credit payments went out...

The Why and How Behind Procrastination – Something for Paducah Friends to Consider

Stress.Anxiety. Unease. Worry.And a pinch of aggravation just to round it all out.No, I'm not talking about the upcoming May 17th federal tax deadline.Or am I?For millions of Americans every year, the tax filing deadline points to a much bigger issue. An issue so...

Debunking Estate Plan Myths For Paducah Taxpayers (Part 2)

We're diving in, with sleeves rolled up, with a bunch of our Paducah area tax preparation clients in creating the best tax return possible for their 2020.Get on our list here: (270) 554-0720But here at M Dean Owen, CPA, PSC we're also keeping an eye on the...

The Difficulty (and the Power) of Thanksgiving

Perhaps it's because of the craziness of the past year and a half, maybe it’s the local Paducah the weather ... but for some reason, the holiday season has caught us off guard over here at M Dean Owen, CPA, PSC. Wasn’t it just the end of summer the other day?This year...

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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