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Sciarabba Walker & Co., LLP Launches International Tax Blog

Sciarabba Walker & Co., LLP Launches International Tax Blog

Jan 26, 2017 | Firm Updates

We are pleased to announce the launch of our new International Tax Blog. The blog features original content written by members of our International Tax Group. Each week, a new blog post examines a specific international tax issue and how it affects individuals or...
The investment interest expense deduction: Less beneficial than you might think

The investment interest expense deduction: Less beneficial than you might think

Jan 24, 2017 | Firm Updates, Retirement Planning, Tax Tips

Investment interest—interest on debt used to buy assets held for investment, such as margin debt used to buy securities—generally is deductible for both regular tax and alternative minimum tax purposes. But special rules apply that can make this itemized deduction...

Owning Property in a Foreign Country: Gifting Considerations

Jan 23, 2017 | International Tax

Recently we’ve been discussing some of the issues that can arise with the ownership of foreign real estate. Here is another situation we encountered: Clients owned a vacation home in Canada which they and their children had enjoyed for many years. As part of their...

Amy Iles Admitted to the Partnership at Sciarabba Walker & Co., LLP

Jan 17, 2017 | Firm Updates

Accounting and business consulting firm Sciarabba Walker & Co., LLP is happy to announce the promotion of Amy Iles to partner, effective January 1, 2017. Ms. Iles joined Sciarabba Walker in 2006 as a senior accountant and was promoted to tax manager in 2012. She...
Deduction for state and local sales tax benefits some, but not all, taxpayers

Deduction for state and local sales tax benefits some, but not all, taxpayers

Jan 17, 2017 | Firm Updates, Individual Tax, Tax Tips

The break allowing taxpayers to take an itemized deduction for state and local sales taxes in lieu of state and local income taxes was made “permanent” a little over a year ago. This break can be valuable to those residing in states with no or low income taxes or who...
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