Aug 27, 2019 | Firm Updates, Individual Tax, Tax Tips
As teachers head back for a new school year, they often pay for various expenses for which they don’t receive reimbursement. Fortunately, they may be able to deduct them on their tax returns. However, there are limits on this special deduction, and some expenses can’t...
Aug 21, 2019 | Firm Updates, Uncategorized
If you’re like many people, you’ve worked hard to accumulate a large nest egg in your traditional IRA (including a SEP-IRA). It’s even more critical to carefully plan for withdrawals from these retirement-savings vehicles. Knowing the fine points of the IRA...
Aug 19, 2019 | Firm Updates
Sciarabba Walker & Co., LLP is pleased to announce its ranking among the top 400 accounting firms in the United States by INSIDE Public Accounting (IPA) for the second year in a row. Sciarabba Walker ranked 398 nationally. “We are thrilled to be included in the...
Aug 8, 2019 | Firm Updates, Individual Tax, Tax Tips
If you’re lucky enough to be a winner at gambling or the lottery, congratulations! After you celebrate, be ready to deal with the tax consequences of your good fortune. Winning at gambling Whether you win at the casino, a bingo hall, or elsewhere, you must report 100%...
Aug 5, 2019 | Firm Updates, Individual Tax
The summer weather may have you considering the purchase of a vacation home. Many people who own a vacation home choose to rent out the home when they are not there in order to recoup some of the costs, or even to make a profit. You might also benefit from being able...