May 29, 2023 | Tax, Uncategorized
In honor of the end of this year’s tax season, here’s some trivia questions for you! We can’t promise they’ll make you a hit at the next dinner party, but some of them are interesting nonetheless. How many answers do you know? The first true...
Jan 23, 2023 | Uncategorized
Some people take a vacation with their friends to celebrate their 40th birthday. Bill McMahon, Jr., and his wife, Sandy, purchased their own insurance agency for his 40th celebration. In 1981, Bill purchased Chattin-Halliday Insurance Agency in Ocean City and went to...
Nov 10, 2022 | Uncategorized
It’s not all about number crunching at Capaldi Reynolds & Pelosi. We also take time to celebrate! Congratulations! We are happy to announce that Maria Wagner, one of our hardworking employees, has obtained her CPA license. We recognize Maria’s achievement...
Aug 30, 2022 | Uncategorized
Charitable donations are not only beneficial for recipients, charitable donations benefit the ones donating as well. Mindful structuring of contributions can have tax advantages for the donor. There are a few ways to realize those advantages. Some are: gifts of...
Dec 5, 2019 | Personal Finance, Retirement, Uncategorized
Sadly, the money that we defer from taxes in our 401(k)s and IRAs during our working lives must eventually leave the shelter of the retirement umbrella whether we like it or not. What is a required minimum distribution? The discussion below is not relevant to...
Dec 5, 2019 | Personal Finance, Tax, Uncategorized
by Patrick J. McCormick When clients admit to a retroactive failure to meet filing requirements involving their offshore assets, the overarching question is typically the proper route for making a disclosure to the U.S. IRS. For a multitude of reasons, ‘‘quiet’’...
