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®, and 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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Preparing Your 2018 Tax Return

We are now beyond February 15 when income tax information was to have been sent out.  If you haven’t already prepared your return, here are some tips to help ease the process: Did you know that there is an IRS webpage called the Get Ready page that includes steps to take. Check it out on […]

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Avoiding The Rush

Below is a notice published by the IRS with regard to the upcoming Presidents Day holiday and the increased calls with the IRS and what you might be able to find online to answer your questions.  Hope it helps. IRS: Avoid the rush over Presidents Day holiday; online tools, resources can help WASHINGTON — With […]

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Income Tax Refunds

Are you lucky enough to be receiving a refund for overpayment of income taxes?  Here are some tips from the IRS on receiving that refund quicker.  For a faster refund, choose e-file Electronically filing a tax return is the most accurate way to prepare and file. Errors delay refunds and the easiest way to avoid […]

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How The New Tax Law May Affect Your Income Tax Return

You may notice several of the following items that may affect your individual income tax return: A change in the tax rates which should result in most people paying less tax during the year. However, the increase in the standard deduction, suspension of personal exemptions, an increase in the child tax credit and the limiting […]

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Let’s Get Ready For Tax Season

Let’s Get Ready For Tax Season

Tax season is upon us and we have begun to receive those pieces of mail marked “Tax Information – Important”.  So now what?  Here are some suggestions to help ease the stress of tax season. Where do we start?  The best place to start is to find a copy of last year’s return.  Even if […]

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Checking In On Your Resolutions – #2

Last week we started our check on our resolutions and we will wrap up our suggestions this week. ARE YOUR HARD-EARNED ASSETS WORKING FOR YOU?  If you have a savings account or certificates of deposit, are you getting the best interest possible on these assets?  If you have a brokerage account, are your assets working […]

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Checking In On Your Resolutions

So, we are in the first full week of January and life is regaining a normal routine.  How are you doing on your resolutions?  Last week, Yasmeen Khaleel gave a list of suggestions of areas to address with regard to estate planning.  If you read that blog, have you even given it any further thought?  […]

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As The Year Winds Down…

It is hard to believe that 2018 will soon give way to 2019.  Where does the time go? When I was younger, whenever I would wish for some date in the future to be here – my birthday, the end of school, a special event, my mother would tell me not to wish my life […]

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What Happens If Large Gifts Are Made Now?

With the Tax Cuts and Jobs Act of 2017, the increased gift and estate tax exclusion amounts are set to sunset in 2025.  The exclusions are $11.2 million in 2018 and will increase each year until 2025, indexed for inflation.  But, what will happen if you make a large gift now?  Will you risk the […]

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Don’t Get Scammed

Tis the season. . . . For a risky time for people and their sensitive data.  Online shopping, impostors posing as charities seeking donations, spam, robocalls, tax scams, . . . . What can you do to protect your information?  The IRS encourages people to review some simple steps to protect their data and protect […]

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