Posted on October 30, 2017
by
Joanie Stein
Among the many financial and emotional issues that couples will encounter on their road to a divorce are the implications that a final dissolution of marriage will have on their taxes. Following are some important tax-related issues for separated and divorcing couples to keep in mind. Tax Filing Status Legally separated and divorced couples have […]
Posted on October 20, 2017
by
Rick Bazzani
It is not uncommon for taxpayers to realize that they left out important information from their federal tax returns long after the April 15th filing deadline. The IRS recognizes that mistakes can happen and has in place a simple process that allows taxpayers to update and make corrections to an already-filed tax return. Correcting an […]
Posted on October 17, 2017
by
Arthur Dichter
Commercial and residential real estate in the U.S. continues to be a safe haven for foreign investors who seek the potential for higher yields and capital preservation than they may receive in their home countries or from portfolio investments. However, the potential upside from an investment in the U.S. real estate market comes with the […]
Posted on October 16, 2017
by
Edward Cooper
Businesses located in federally declared disaster areas and impacted by Hurricanes Harvey, Irma and Maria may qualify for an Employee Retention Tax Credit when they continue to pay wages to employees who were displaced by inoperable work locations. Under the Disaster Tax Relief and Airport and Airway Extension Act of 2017, eligible employers may receive […]
Posted on October 11, 2017
by
Jack Winter
In July 2017, the U.S. Treasury announced it would be winding down and eliminating the Obama-era MyRA retirement account savings program in the coming months due to low participation and high management costs over its two-year run. President Obama introduced the MyRA program in 2014 as a way to help low- and middle-income households […]
Posted on October 09, 2017
by
Joseph Saka
On the heels of the Equifax data breach that affected more than 145 million U.S. adults, many consumers are still confused about what they need to do to protect their personal information and their credit ratings. Following are four simple steps you should consider taking now. Freeze your Credit A credit freeze blocks individuals and […]
Posted on October 05, 2017
by
Adam Cohen
Benevolent individuals who volunteer their time for nonprofit organizations may be able to reduce their taxable income when their charitable work takes them away from home. U.S. tax laws allow individuals to deduct some of the expenses they incur when traveling on behalf of charitable organizations. Here’s what taxpayers need to know. Duty. The […]
Posted on October 03, 2017
Workers seeking new career opportunities in their current fields may be able to deduct certain expenses related to their job hunt even when they do not ultimately secure a new position. Qualifying job-search expenses are considered miscellaneous deductions that taxpayers may report on IRS Form 1040, Schedule A, Itemized Deductions. To qualify for a tax […]
Posted on September 28, 2017
by
Edward Cooper
On September 27, 2017, President Trump and top Republican leaders unveiled the latest round of updates to what they see as the future of the Tax Code. While it remains to be seen whether the tax reform package in its current state will become the law, it is important for taxpayers to understand what the […]
Posted on September 13, 2017
by
Joseph Saka
Dear Clients and Friends, We are grateful that Hurricane Irma veered away from South Florida and hope that your family is safe and that the impact to your property was minimal. Our offices in Miami, Boca Raton and West Palm Beach are open as of today, Wednesday, September 13, 2017. Our office in […]
