Sep 15, 2021 | Cryptocurrency, Personal Finance, Tax
A scenario for you: You’re a young millennial who spends his or her mornings perusing your most trusted source of internet news (I, of course, am referring to Reddit) in November of 2020. A hot tip involving a potential short-squeeze opportunity to profit off of an...
Sep 15, 2021 | Business Health, Personal Finance, Tax
It seems that calls to protect my car with an extended warranty are now outnumbering the threatening calls I once got, supposedly from the IRS. Unfortunately, that doesn’t mean that scammers have given up pretending to be collection agents for the IRS. For our...
Sep 15, 2021 | Personal Finance, Tax
For years the IRS has issued Identity Protection PINS to proven victims of tax-related identity theft. The number is mailed to the taxpayer every year and is used to file all federal returns, both electronic and paper. This year the IRS will allow eligible taxpayers...
Jun 3, 2021 | Charitable Giving, News, Personal Finance, Retirement, Tax
Background The Pension Protection Act of 2006 first allowed taxpayers age 701/2 or older to make tax-free charitable donations directly from their IRAs. Technically, these taxpayers were allowed to exclude from gross income otherwise taxable distributions from their...
Feb 28, 2021 | Business Financial Consulting, Personal Finance
Come this July, I will have spent fifty years in the accounting profession with Capaldi Reynolds & Pelosi. Since my retirement in September of 2018, I have been serving as an advisor to the Firm. As we approach that time of year (tax filing season) when many...
Feb 28, 2021 | Personal Finance, Tax
Truly a relief in 2020, the federal government allocated $175 billion in payments to be distributed to providers of healthcare services and support through the Provider Relief Fund (PRF). Providers even received the Relief Fund Payments from Phase 1, the $30 Billion...
