Hooten Financial Services

10/17/2022

This is it, the final day to file if you extended your 1040 tax return! Don't let it slip you by!!!

04/17/2021

Charitable donations...deductible but without tax on certain assets. The goal here is to realize a gain on investment tax-FREE. To qualify it must meet these requirements:
Direct transfer (DO NOT SELL FIRST)
Transfer to an IRS qualified charitable organization
Transfer stock, bonds, or mutual funds directly
Must be held for a year or more before the transfer
Any gain on the investments are tax-free
You get the full fair-market-value at the time of donation for your donation
If you already itemize, the charitable deduction will increase your deduction on Schedule A
Since you didn't sell the asset, NO TAXABLE GAIN to recognize
If you really wanted to keep holding that investment for the long-term, you can do that too by rebuying it again. Utilize the cash you were going to donate and buy back the stock so you still hold your position in it. Have a wonderful day!

11/23/2020

Wishing you and yours a blessed and Happy Thanksgiving no matter what is going on. Remember to do your tax planning BEFORE the end of the year!

11/04/2020

Welcome to our new office. We are ready to serve you.

Welcome to our new home away from home here at Hooten Financial and Jackson Hewitt. Hooten Financial has been in business since 1972 and partnered with Jacks...

11/03/2020

Red, white, or blue ... your vote counts ... GO VOTE!

10/13/2020

This is the final week of this crazy tax season! Don't forget to file your return!🤓

07/04/2020

Happy Fourth of July! Stay safe out there. Only 11 days left to file!

05/14/2020

May 15th is no longer the due date for Texas Franchise Tax Returns. It is now July 15, 2020.🧐😍

04/29/2020

Please register for Summer Business Knowledge Series on Apr 29, 2020 1:00 PM CDT at:

Summer Business Knowledge series. Our goal is to update you on some best practices and impart knowledge that may make your business better. We, here at Hooten Financial, believe that your success is our business!

04/21/2020

We are still here for you! The tax season ended with a fizzle. Stay safe. Call us 🤓

03/30/2020

We are here but request one person in the office at a time. Preferably only to sign or drop-off. Let's keep it to a minimum to protect you and us! :)

03/25/2020