Many of us know that taxes vary from state to state and the deductions for each state vary as well. Not only does the state account for the cost of living, but it also accounts for...
If you have gone into business for yourself in the last year, you might find the upcoming tax season incredibly scary. Not only do you have to worry about filing taxes correctly, you...
For some people, filing their taxes is like playing the lottery. They often do not understand the taxing process (no one understands it completely), but they assume that they...
Posted by Allan J Rolnick, CPA, CTC on 01/21/2016
There are many complicated requirements and restrictions that come with this general rule, so consulting with an experienced tax professional like Allan J Rolnick in Forest Hills,...
Surprisingly, not everyone needs to file a tax return each year. Whether you have to file could even vary from year to year. You may not be required to file if you meet certain criteria,...
Posted by Laurence Smith on 01/13/2016
Drought has been a serious issue for many states in 2015. In most situations, it has hit ranchers and farmers the hardest. Many farmers and ranchers have had to sell livestock earlier...
Posted by Laurence Smith on 01/13/2016
Partnerships are unique business entities. They are not quite sole proprietorships and they are not quite corporations or companies. That also means that they are taxed differently...
Owning your first home is an exciting time, but it can also be a heavy burden on your pocketbook. Actually buying the home, plus closing costs, insurance, inspections, and other expenses...
It’s no secret that college is expensive—from the tuition to the textbooks. The IRS offers two major educational credits to help offset these costs. One of them is the Lifetime...