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Great uses for your tax refund

Most Americans get a refund every year, with the average check weighing in at $2,895 last year. Even though it’s really money that they earned, many people are tempted to treat it like a windfall and splurge. If you can resist that temptation, here are some of the best ways to put your refund to good use: Pay off debt. If you have debt, part of your refund could be used to reduce or eliminate it. Paying off high-interest credit card or auto loan debt means freeing up the money…

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When an extension makes sense

While most people should file a tax return by April 17, you have the option of delaying your filing date until Oct. 15 with a tax extension. When to file an extension Missing or incorrect information. If one of the forms you need to file your return has an error on it, it is often better to receive a corrected form before filing. Recharacterizing Roth IRA rollover amounts. If you’ve rolled funds from a traditional IRA into a Roth IRA, you may want to reverse it later if the investments…

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Stay prepared to sell your business

If you enjoy running your own business, selling it may be the furthest thing from your mind. But the reality is that eventually an opportunity to sell will come, whether due to your own life changes or a perfect buyer walking in the door. Planning, often years in advance of the sale date, is necessary to get the most value for the love, sweat and tears you’ve invested. Here are some tips to stay prepared: Assemble a great team. Selling a business is a complex process, especially as you grow…

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Tax filing reminders

April 17  Individual income tax returns for 2017 are due 2017 calendar-year C corporation income tax returns are due 2017 annual gift tax returns are due Deadline for making 2017 IRA contributions First installment of 2018 individual estimated tax is due First installment of 2018 corporate estimated tax is due May 15th  Forms 990 for 2017 calendar-year exempt organizations are due June 15th  Second installment of 2018 individual estimated tax is due Second installment of 2018 corporate estimated tax is due

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