Category: Blog

Paula Field’s To-Do List If You Can’t Pay All Your Taxes

Some of our Allen, TX area clients are STILL pulling their paperwork — which is understandable during this donkey of a year, and with all of the new complications. But sadly, ye olde IRS isn’t extending any payment grace in a couple weeks. (I say “sadly”, but here at Team Field we may or may […]

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Why Procrastination Makes Sense in 2020 For Allen, TX area Taxpayers

We’ve had impeachment votes, worldwide pandemics, quarantine-like lockdowns (for the healthy), public police brutality, widespread protests, intense riots, MURDER HORNETS, statues falling, social media anger and now we have a drunken and murderous monkey to top off our 2020. What’s worse —  the year isn’t even halfway over yet. And there are plenty of other […]

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Is Your State Broke? Paula Field Analyzes State Tax Revenue Sources

With national events continuing as they are, here at Paula Field, CPA, PLLC, we’re finding ourselves locking into “go mode” … again. It’s unusual for us to be in this mode smack in the middle of June, but this year has not been … usual. This is because the tax deadline (July 15th, 2020) is […]

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Financial Mindset Management for Our Allen, TX area Tax Clients

Based on the history of events over the course of the last few decades (both here in Allen, TX area and beyond), you might have thought that world events would have slowed down in the last week — that there could begin to be some sense of normality. But no. This isn’t a normal time […]

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Which Stimulus Payments Are Taxable (and Which Aren’t) For Allen, TX area Taxpayers

All over our nation, we’re seeing pain. It’s overwhelming, as someone who has to communicate to a broad base of Allen, TX area clients, to even articulate meaningful words about everything that is happening. So … I’m just doing what I can to sit in the pain of it all with my friends, and not […]

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The Important Details of Mortgage Forbearance For Allen, TX area Taxpayers

Here we are, just out of perhaps the oddest Memorial Day weekend in memory. The summer is here! But it feels like much of our country is still mired in winter. And that feels like it is still the case, no matter the hints of progress against this virus, and no matter the steps taken […]

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The Breakdown Of Trust In Allen, TX area And How To Rise Above

I’ve written a fair amount over the past few weeks about all of the specific provisions in the CARES Act, related to economic stimulus checks, various tax savings strategies, financial implications, and then some. And I will continue to be covering these topics in the weeks ahead. But today I want to address you around […]

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Allen, TX area Folks With Student Loans, Or Who Take An RMD, You’ve Got To Read This

It feels to me that we’re all in need of some good news. I have some great news for the young (ish) and the old (ish), but before I get there, I’d like to encourage EVERY person who is reading this: Keep your head in the game. Yes — we can so easily get caught […]

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Separating Truth From Fiction Around The Stimulus Payments For Allen, TX area Taxpayers

Now, more than ever, it’s important to keep your mind clear. With so many of us spending more time than ever online and on our devices, there are even more opportunities for falling — no, DIVING — into rabbit holes of distraction and unproductive emotion. Yes, I’m a local Allen, TX area tax professional. We’re […]

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What Allen, TX area Area Taxpayers Should Know About COVID-Related Scams

Anytime (like now) that there is a rollout of government assistance, we, here in Allen, TX area, can count on two things: 1)    Bumps in the road (it’s hard to manage many millions of people needing help) 2)    SCAMS I haven’t yet heard of any of my local Allen, TX area clients or friends being […]

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