Kay Sowa

Kay Sowa

Kay Sowa is a paralegal in the Trusts and Estates Group at Capehart & Scatchard, P.A. She is an IRS Enrolled Agent, an Accredited Estate Planner® as well as a Certified Trust and Financial Advisor. She oversees the trust and estate administration practice for the firm. She is an accomplished author and lecturer who has frequently spoken on behalf of a number of organizations including the National Business Institute and the Institute of Paralegal Education.

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Do You Need To Amend Your Income Tax Return?

Just when you have finally put last year’s tax returns away, you get a piece of mail that requires you to revisit your return and possibly amend the same.  Don’t panic.  It’s not as bad as you think.  You may have received a notice that the IRS changed a calculation on your return.  If you […]

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Tax Scams Aren’t Seasonal

One might think that since April 15 has passed, so has the season for tax scams. Think again. There is no season for tax scams. They occur 365 days a year.  The IRS has reported a couple of new variations of tax-related scams.  They call one of them the SSN HUSTLE.  In this scam, the […]

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Here’s What Taxpayers Should Know if They Get a Notice From the IRS

Certain taxpayers might get a letter from the IRS this year. It’s called an IRS Notice CP 2000. It gives detailed information about issues the IRS identified. The IRS sends this notice when information from a third party doesn’t match the information the taxpayer reported on their tax return. The notice also provides steps taxpayers […]

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On-Line Deposit Accounts

Everyone wants to make the best return on their hard-earned money and many people shop around to find the best interest rate.  In our world today, we may find better rates at on-line banking sites than we can find in our brick and mortar banks.  BUYER BEWARE! In working on an estate recently, the decedent […]

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The Future of Dying

As we look back in history, the memorialization of the deceased have been very diverse among the cultures of our world. In the U.S., we see a mix of the different cultures based upon personal preferences as well as religious beliefs.  So, what is ahead in the future with regard to dying and memorialization of […]

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Will You Make Your Kids Angry After You Die?

During my career of doing estate administration, I found in the earlier years that the beneficiaries were more appreciative of what they received.  The children got along and all was well.  However, our society has changed and now there are many cases ending up in court to settle matters which were not able to be […]

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Being Safe and Secure Online

I know you keep hearing about online security and soon you will say, if you haven’t already, that I am like a broken record.  But in today’s world, one cannot be too safe or secure.  Cookies on the internet are tiny files that are transferred to your computer from websites you visit.  This is a […]

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Are You Thinking of Selling Your Home?

You think about it but are concerned about a large capital gain if you have owned your home for several years.  You don’t want all of the profit to be spent in paying capital gains’ tax.  Do not fear.  There is good news for sellers.  When you file your income taxes for the year of […]

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The Sharing Economy – How It Can Impact Your Taxes

You have decided to take the whole family and a few extended family members on a trip to Hawaii.  In all, there will be nine of you.  So, let’s see – how many hotel rooms would you need to accommodate the travelers, taking into consideration if kids would be in a room by themselves, who […]

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Nice To Meet You

It is so nice to meet you.  But, you ask, how did we meet?  I don’t recall meeting you.  Is my memory fading? Maybe your memory is fading, but I really don’t care about that.  Let me tell you some ways that I may have met you.  Have you entered contests and provided your name, […]

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