4MCA.com  /  Operation Reach Out: Suicide Prevention App

  1. Combat Pay and the Earned Income Tax Credit

    The Earned Income Tax Credit (EITC) has been a part of the tax code, in one form or the other, since 1975. According to the IRS the EITC exists, “in part to offset the burden of social security taxes and to provide an incentive to work.” Because of the numerous changes...
  2. Military Tax Benefit: Delayed Actions When In a Combat Zone

    Dealing with the IRS is stressful enough. It can become even more stressful if you or your spouse is in a combat zone. The Government realizes this and those serving in a combat zone have some special exemptions for taking action with the IRS. Taking action can include: filing your taxes,...
  3. Five Tax Tips for Military Families

    It’s tax time again, and that means my phone will be ringing with friends who ostensibly want to say “hello” but in reality have a tax question. Sit for the CPA exam and see if you don’t get the same treatment! Being a military family offers some tax advantages, but...
  4. The 9th Wonder of the World

    I’ve been told that Albert Einstein stated that compound interest was the 8th wonder of the world. My 6th-grade teacher, Mr. Rast, helped demonstrate that to me more than a few years ago. He asked me if I would prefer $100,000 or one penny doubled every day for a month....
  5. It’s the Most Wonderful Time of the Year…

    Now that Thanksgiving is behind us, you can start thinking about the upcoming season…Tax Season that is.  I know, I know this is REALLY the Holiday Season, but you can also do a few things to reduce your taxes this year if you take the time now.  Here are 3...
  6. Advance Pay: The Payday Loan That Isn’t

    Your PCS orders have finally arrived!  Look out!  Here comes your “friend” to give you the inside track on how to make a little money at the government’s expense.  “Advance pay, man!  It’s an interest-free loan from Uncle Sam!  Invest it, dude, or get that computer you’ve been looking for. ...