Reporting Gambling Income and Losses on your tax return

If you play the ponies, play cards or like to play the slots, your gambling winnings are taxable. You must […]



A Word From Bob, August 2015

Salutations! I hope this month’s commentary finds you and yours well and in good spirits! It is hard to believe, […]



Is it too early to start preparing for the next tax filing season?

It is never too early to begin preparing for the tax filing season. Individuals should be aware of any changes […]



5 Investing Myths Used by Financial Salespeople: Part 3

Investors Should Always Be Invested in the Stock Market The financial crisis that occurred from late 2007 until the spring […]



Small Business Health Care

Small businesses face challenges each day and more of the major challenges is employer provided health insurance. Because of Obamacare […]



The Automotive Bubble

The financial media and the political class continue to talk about the staggering $1.2 trillion balance in outstanding student loan […]



IRS Tax Notices

Each year the IRS mails millions of notices and letters to taxpayers. If you receive a notice from the IRS […]



5 Investing Myths Used by Financial Salespeople: Part 2

Your Retirement Plan Indicates You Have Nothing to Worry About Greetings! This is the second post of a five part […]



Seven Money Moves That Could Kill Your Retirement

It takes years to plan, save, and invest for retirement, but there are many moves you can make that could […]



The Chinese Stock Market Bubble Pop

Greetings! This is Kyle Jones, Financial Advisor at Wamhoff Financial Planning & Accounting. Recently the financial media has been focused […]



The IRS, Industry, and States Take New Steps to Protect Taxpayers

In June, the Internal Revenue Service joined with representatives of tax preparation and software firms, payroll and tax financial product […]



Getting Married? Tax Planning Tips to Consider Before the Big Day

Wedding season is in full swing, and while many couples are paying close attention to things like dresses, food, and […]



Business vs. Hobby

Taxpayers frequently state my business is “just a hobby”. Well the IRS wants to remind you that you need to […]



5 Investing Myths Used by Financial Salespeople: Part 1

The Stock Market has Generated 10% Annual Returns Salesmen are only as good as their sales pitch, and unfortunately in […]



A Word From Bob, July 2015

Greetings! I hope readers enjoyed a relaxing respite from the day-to-date grind over the Independence Day holiday weekend! It is […]



Affordable Care Act

The Affordable Care Act, is also known as Obamacare. Under Obamacare’s individual shared responsibility provision, you must let the IRS […]



Financial Impact of the Supreme Court Decision Legalizing Same-Sex Marriage



What the Pending Rise in Interest Rates Could Mean for the Bond Market

During the most recent Federal Reserve meeting, Fed Chairwoman Janet Yellen indicated that interest rates will likely rise in the […]



Wamhoff Financial Planning & Accounting Names Lorene Horton Accounting Manager

ST. CHARLES, MO – Wamhoff Financial Planning and Accounting Services, a St. Charles-based financial and tax firm, has promoted Lorene […]



Market Timing – Can it be done?

Market Timing is a strategy by which investors try to predict future market movement and buy or sell based on […]