First and most importantly, we express our hope that neither you nor your loved ones’ health has been or will be affected by the pandemic we are all concerned about lately.
After being asked numerous questions about the tax treatment of cryptocurrencies, it’s been suggested that a taxsplainer article on the topic would be useful. Here it is, in whatever passes
“Our new Constitution is now established, everything seems to promise it will be durable; but, in this world, nothing is certain except death and taxes.” – Benjamin Franklin in a
Probably the most common question we get is some variation of “How long should I keep my tax records?” As is true of the answer to any really interesting tax
This the second in a series of blog posts about Donor Advised Fund (“DAF”) charitable contributions. In the interest of keeping these posts more bite-sized, each post will cover a few topics related to DAF contributions.
This is another in a series of short blog posts about tax planning changes related to the 2017 Tax Act (now commonly referred to as “TCJA” – the 2017 Tax
With 2018 already nearly half gone, it’s a good time to double check your income tax withholding to see if you are having adequate withholding done to cover your total
I could be a rambler from the seven dials I don’t pay taxes ’cause I never file I don’t do business that don’t make me smile I love my aeroplane
State and local tax deduction explained One of the most talked about changes included in the 2017 Tax Act was a cap placed on the amount of state and local
This will be the first in a series of short articles about the effects of the 2017 Tax Act on individuals. In addition to some sweeping changes in the taxation
In finance and accounting, there’s a principle called “the matching principle”. In the 15th Century, an Italian Franciscan friar named Luca Pacioli was the first scholar to publish a detailed
Every year, as the IRS continues to make improvements in their processing and the security of electronically filed returns, they adjust the timing of the schedule for processing Form 1040
Wishing all of our clients and readers a wonderful Merry Christmas.
So you’ve been living in your home for a few years now and you’ve noticed that your mortgage balance is getting to an amount that you could possible pay off
What the hell just happened? Now that the elections are over for this cycle, are there any additional year end tax planning techniques that taxpayers should consider? The answer depends
This is the fourth in a series of posts covering year-end tax planning ideas for 2016. Here we’ll discuss a grab bag of ideas covering a few different areas. Deferring
Here in the third installment of the series of posts about year end tax planning, we’ll cover some strategies dealing with stock-based compensation. Employers that offer stock-based compensation typically
THE TAX RETURN PREPARATION PROCESS Many of my clients are working with a CPA for the first time and often want to know what the process is for getting their
We get the following two questions from prospective clients, Are you accepting new clients? and What is “the process” for getting our returns completed? We will answer the first question
One of the questions we get from our self-employed and single-member LLC clients is: “I’ve been told that I should be an S-Corporation because it will save me a lot