Apr 3, 2019 | Firm Updates, Individual Tax, Tax Tips
Do you find a tax deadline suddenly upon you but know you need more time to gather information to file an accurate return? That’s okay! Many businesses and individuals file for extensions every year because they need more time to gather the information necessary to...
Apr 2, 2019 | Firm Updates, Retirement Planning, Tax Tips
Do you want to save more for retirement on a tax-favored basis? If so, and if you qualify, you can make a deductible traditional IRA contribution for the 2018 tax year between now and the tax filing deadline and claim the write-off on your 2018 return. Or you can...
Apr 1, 2019 | Firm Updates, International Tax
Cryptocurrencies have been in the news a lot recently, mainly because of wide fluctuations in value. Since the meteoric rise and fall of Bitcoin (the most popular cryptocurrency), many people are considering investing in cryptocurrency. There may be foreign reporting...
Mar 27, 2019 | Firm Updates, Retirement Planning, Tax Tips
If you participate in a qualified retirement plan, such as a 401(k), you must generally begin taking required withdrawals from the plan no later than April 1 of the year after which you turn age 70½. However, there’s an exception that applies to certain plan...
Mar 26, 2019 | Firm Updates, International Tax
This article was originally published in the Central New York Business Journal. Congress passes the tax laws, the Treasury Department collects the tax revenues, and the IRS oversees the reporting and collection process. The Tax Cuts and Jobs Act (TCJA) of 2017 added a...