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September122022
Why Would a Married Couple File Separate Tax Returns?

If you’re married, you may wonder whether you should file joint or separate tax returns. The answer depends on your individual tax situation. In general, it depends on which filing […]

August152022
Defer Tax with a Like-Kind Exchange

Do you want to sell commercial or investment real estate that has appreciated significantly? One way to defer a tax bill on the gain is with a Section 1031 “like-kind” […]

July262022
Considerations When Converting Your Home into a Rental Property

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this, you’re probably aware of the […]

June272022
Applying the Research Tax Credit Against Payroll Taxes

The credit for increasing research activities, often referred to as the research and development (R&D) credit, is a valuable tax break available to eligible businesses. Claiming the credit involves complex […]

May232022
Understand the Tax Mechanics in the Sale of Trade or Business Property

What are the tax consequences of selling property used in your trade or business? There are many rules that can potentially apply to the sale of business property. To simplify […]

April182022
Three Issues to Consider Once You Have Filed Your Tax Return

After your 2021 tax return has been successfully filed with the IRS, there may still be some issues to bear in mind. Here are three considerations: 1. You can throw […]

March282022
A Practical Guide to the Tri-State Pass-Through Entity Taxes

This is a practical guide to navigating the main concepts associated with the pass-through entity (PTE) taxes for New York, New Jersey, and Connecticut. First, we cover some of the […]

February282022
Meticulous Records — Key to Tax Deductions, Painless IRS Audits

If you operate a business, or you’re starting a new one, you know you need to keep records of your income and expenses. Specifically, you should carefully record your expenses […]

February072022
Cryptocurrency: The Pros and Cons of Centralized vs. Decentralized Exchanges

If you’re in the business of cryptocurrency or are thinking about joining the ever-growing number of people who are, odds are you’re hearing the terms “centralized” and “decentralized” quite a […]