Tag Archives: Correction

BREAK IN: Confusing Tax Due Dates – Q1 2021 ES Payments Due Next Week – A Few Clean Up Corrections … You Guys are Tough … Masters Weekend … Friday

Posted on April 9, 2021 by John Kvale CFA, CFP | Leave a comment

BREAK IN – Q1 2021 ES Tax Payments are Due Next Week

Oh boy, let the confusion begin … Just when you thought the tax due dates could not get more confusing… The following hit my inbox this week!

https://www.irs.gov/newsroom/irs-reminds-taxpayers-to-make-april-15-estimated-tax-payment

What this means is that Quarterly Q 1 ES 2021 (Income, interest, wages – anything you need to make a tax payment for) are due Next Thursday!

So, if you are scheduled to make ES payments for one reason or another, while Fed and State returns have been delayed, that ES Payment is still due next week!

As a reminder, use the mail at your own risk, we STRONGLY suggest you upload a payment at this IRS website https://www.irs.gov/payments!

Now back to our regular scheduled funny Friday Post!

Thanks so much for reading our posts…. we really do work hard on them…

Confession time for those who may have glanced over the father’s name of the Beverly Hillbillies in our Mineral Reminder Post… Jed, not Jud…. thanks to the MANY and counting who happily pointed out my mistake, you were really paying attention and also took time to humorously rib me – Well Done to you all!

I now know how to get a rise from you guys!

Secondly and more importantly, one of the links to the Social Security Website in our Social Security Post had a typo sending you to the Military service not Social Security… oops…

www.ssa.gov is the correct site.

It has been corrected in the post, but in order for you to receive it in your inbox/phone/device, I wanted to repeat here!

Ahh… Today is a Friday, heading into a Masters Weekend… ya ya the whole family are Tennis Players, but Golf Scholarships help get this one through College!

Enjoy your early Spring, Masters Friday and Weekend!

John A. Kvale CFA, CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Corrected Tax Form 1099 Misc Update … Newsletter Preview … Friday

Posted on March 5, 2021 by John Kvale CFA, CFP | Leave a comment

As a reminder we will gladly send you a copy of your Tax forms or send directly to your Tax Professional should you desire… Very little information is completely shown and of course your Social Security number is covered for security purposes…

We had ONE – yes ONE corrected 1099 Misc in the first round… this is good news and the lucky one already knows who they are….. if you are really itching to file (maybe have a refund waiting) this is your SOFT Green light to file – unlikely to have more corrected’s hoping no jinx here…..

Newsletter Update

The Newsletter is dominated by a handy Social Security Article that is for all – young and old… tease tease…

All kidding aside, most of the Newsletter is happily completed already and very informative… we have a bit of space left that will most likely be filled with a few interesting Graphs that we have come across… possible valuation analysis….

Anyway, the Newsletter is looking good and we think you will like it too!

Friday –

Next week is the last week before Spring Break and Jen is hitting the slopes early next week as we stagger our out of town schedules…

With a tough schedule leading into Spring Break, my plan is to try for a bit more R & R – and stay lightly tethered only… but that is the week after next….

Ahhhhh … it is a Friday, heading into a weekend where I need some rest…. Enjoy yours!

Talk to you next week after a recharged weekend!

Have a Great Friday and Weekend!

John A. Kvale CFA , CFP

Founder of J.K. Financial, Inc.

A Dallas Texas based fee only

Financial Planning Total Wealth

Management firm.

jkfinancialinc

street-cents

Test and Re-Test ? Where Oh where are Capital Markets going? This likely will take some time …. Weeks for sure and likely Months? … We will need Patience!

Posted on February 14, 2018 by John Kvale CFA, CFP | Leave a comment

After a long lethargic flat-lined Capital Market of 2017, things have finally changed, and we need to begin to get used to more normal Capital Markets.

What follows are details of what the Capital Markets have done over the last few days (yes only days) … what we should expect moving forward, along with a review of similar historical movement. Given a future that Rhymes with the past, the most important point we want to get across is this —

What we want everyone to understand is it is highly likely we do not just bounce right back and go to highs again quickly, so let’s have patience and set our expectations for an extended Capital Market search for the most appropriate level.

Ok, so you have the most likely scenario, here is why.

Current Capital Market Review

Suddenly the Capital Markets cared about something — and were WAY ahead of themselves, so they began going down!

We thought they might stop at our fancy trend line from our early post on this subject.

Nope …. participants pushed on past the trend line.

Participants decided the 200 Moving Day Average was where they should stop …

So we have a stopping spot, what happens next may be best seen by looking at the past for a possible rhyming future.

2016 Rhyme

The first drop was about 24 trading days followed by another 20-25 day test in a few months.

Start to finish about six months with a move all the way back to even before a second drop.

2012 Rhyme

With two hiccups during this 2012 time frame, again our weekly charts show a 2-4 months of capital market footing discovery ….

Let’s settle in for more normal, but what feels like “Rockier” times, which will likely be with us for a while.

Tag Archives: Correction