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.

Author's Website

Record Retention and Disposal

You made it through tax season and you start thinking about the accumulation of records that you have for tax purposes – what to keep, what to dispose of, what to do.  Here are a few tips to help you do some spring cleaning: The IRS generally recommends that copies of tax returns and supporting […]

Share

Read More →

Read More →

Early Withdrawals from Retirement Plans

You are fortunate to have an IRA or a retirement plan. You learn that you can take early distributions.  Oh, how tempting – you could do that remodel that you have been dreaming of, you could go on the exotic vacation, you could buy a new car and pay cash. The possibilities are endless.  BUT, […]

Share

Read More →

Read More →

IDENTITY THEFT – Don’t Let It Happen To You

We hear about identity theft often these days. Yes, we may get tired of hearing about it, but identity theft is running rampant and we all need to protect ourselves as best as we can.  What should you look for and what to do if you suspect being the target of identity theft? Did you […]

Share

Read More →

Read More →

Where’s My Refund?

You filed your taxes and are entitled to a refund, but you haven’t received the refund yet.  What should you do? The best way to check the status of a refund is to use the Where’s My Refund? tool on IRS.gov. This tool gives access to your tax return and refund status anytime. All that […]

Share

Read More →

Read More →

Payment Options When You Can’t Pay Taxes Owing in Full

Your taxes are prepared, you have received the unfortunate news that you owe taxes, BUT you are not able to pay your taxes in full.  What should you do? This year, more so than any other previous years, the IRS anticipates that most taxpayers will be affected by major tax law changes. While many will […]

Share

Read More →

Read More →

How to Pay Taxes

Your taxes are prepared and OUCH – you owe.  Were you aware that there are several payment options available where taxpayers can pay immediately or arrange to pay in installments? Taxpayers can pay online, by phone, or with their mobile device and the IRS2Go app. Taxpayers should pay in full whenever possible to avoid interest […]

Share

Read More →

Read More →

Be Prepared to Validate Identity if Contacting the IRS

Tax season is in full swing and you may find a need to contact the Internal Revenue Service about your filing.  If so, you will be asked to verify your identity when calling. So, what will be needed to verify your identity?  Here is list of information which may be needed: Social Security numbers and […]

Share

Read More →

Read More →

Additional Tips in Choosing a Tax Preparer

A couple of weeks ago we talked about resources to help in preparing your return.  If you haven’t prepared your return, here are a few additional tips from the IRS to help you choose a preparer: Check the Preparer’s Qualifications. People can use the IRS Directory of Federal Tax Return Preparers with Credentials and Select […]

Share

Read More →

Read More →

Questions About Tax Reform?

For over a year we have been hearing about the December 2017 Tax reform legislation.  But, how does it affect you? The IRS has attempted to provide resources to enable you to find answers to your questions by visiting IRS.gov.  Here is a reprint from an IRS blast that lists several of the resources that […]

Share

Read More →

Read More →

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 […]

Share

Read More →

Read More →

Top