What to Expect When Filing Your 2018 Taxes

All taxpayers are required to pre-pay taxes over the course of the year using payroll withholding, estimated tax payments or both. Due to the late 2017 passage of tax reform that went into effect in 2018 and the wide range of adjustments, many people did not adjust their withholding and might have underpaid. What should [...]

February 28th, 2019|Newsletter|

The Tax Issues Every Recreational Gambler Needs to Understand

Gambling comes in a variety of forms, from horse racing to sportsbook betting, from scratch-offs to bingo and from casino games to online gambling. For many gamblers, their annual losses will exceed their annual winnings. While many gamblers will not bother to report losses and ignore Uncle Sam’s requirements, you don’t have a choice when [...]

January 30th, 2019|Newsletter|

The Most Common Family Tax Mistakes

While giving a gift to your family member might seem like a nice thing to do, it can come with surprising tax implications. What tax mistakes are often committed by well-meaning family members? Renting a Home to a Family Member Whenever a taxpaying adult rents a home to a relative for a principal residence, the [...]

December 6th, 2018|Newsletter|