Can you divide retirement accounts in divorce without suffering tax penalties?
Dear Client and Friends, There is a common perception that divorcing spouses must liquidate retirement accounts for the purpose of...
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ron7732
- Jan 10, 2019
- 1 min
Buy or rent and our new Standard Deduction tax law
Dear Clients and Friends, Our new tax law doubles the standard deduction to $12,000 for an individual filer and to $24,000 for a married...
ron7732
- Mar 29, 2018
- 2 min
Short-term rentals (like Airbnb) can create tax issues
Dear Clients and Friends, If you lease your home to someone for a week or two through Airbnb or any other short-term rental service, do...
ron7732
- Mar 22, 2018
- 3 min
Alimony and more under our new tax act
Dear Clients and Friends, The new tax law passed by Congress late last year and signed into law by the President on December 22, 2017...
ron7732
- Mar 8, 2018
- 3 min
How long should you hold on to tax records?
Dear Clients and Friends, As a former IRS attorney and with 40+ years in private practice, we continue to represent clients at all levels...
ron7732
- Jan 11, 2018
- 2 min
Alimony (aka Spousal support) and our new Federal tax laws
Dear clients and friends, As many of you know, a comprehensive tax law was just passed by Congress and signed into law by the President....
ron7732
- May 24, 2017
- 2 min
Current IRS rules if you buy real estate from a foreign owner
Dear Clients and Friends, As a former IRS Attorney and Supervisory Attorney with the SBA (Small Business Administration) our offices...
ron7732
- Dec 15, 2016
- 5 min
Handling your deceased parents’ Living Trusts
Dear Clients and Friends, As a former IRS attorney I was specially assigned to the Estate and Gift Tax division and in my 4+ decades of...
ron7732
- Sep 22, 2016
- 1 min
Estate Planning and One’s Added Peace of Mind
Dear Clients and Friends, Many persons only get around to having a documented estate plan at the proverbial last minute, i.e. elderly and...
ron7732
- Aug 31, 2016
- 3 min
How Long Should You Hold On To Tax Records?
Dear Clients and Friends, As a former IRS attorney and with 40+ years in private practice, we continue to represent clients at all levels...
ron7732
- Jul 28, 2016
- 2 min
Family Trust Could Prohibit Beneficiaries From Going To Court
Dear Clients and Friends, When setting up trusts for children, grandchildren and other family members, one has a greater ability to limit...
ron7732
- Jul 14, 2016
- 1 min
New rules if you buy real estate from a foreign owner
Dear Clients and Friends, Did you know that if you buy real estate in the U.S. from a foreign owner, you may have to withhold a chunk of...
ron7732
- Apr 13, 2016
- 2 min
You and your business entertainment deductions
Dear Clients and Friends, As a former IRS Attorney we continue to represent clients before the IRS and in the Courts, regarding their tax...
ron7732
- Nov 26, 2015
- 3 min
Taxes on gambling winnings
Dear Clients and Friends, Hitting the jackpot while gambling may feel a lot more like manna from heaven than remuneration for a good...
ron7732
- Oct 29, 2015
- 2 min
Short-term rentals (such as Airbnb) can create tax issues
Dear Clients and Friends, If you lease your home to someone for a week or two through Airbnb, HomeAway, FlipKey, or some other short-term...
ron7732
- Jan 22, 2015
- 2 min
Retaining tax records?
How long one needs to retain tax records is an FAQ and although there are general rules, they are general and your personal understanding...
ron7732
- Jun 5, 2014
- 2 min
Untitled
Dear Clients and Friends, In this message we are addressing frequent areas of inquiry regarding past due tax obligations. Some key...
ron7732
- Apr 15, 2014
- 1 min
IRS has new woes – but they’re still your foes.
Dear Clients and Friends, The below link is to a recent AP article on the current status of the IRS. http://hosted.ap.org/dynamic/stories...
ron7732
- Oct 18, 2013
- 2 min
Taxes on Gambling Winnings
Hitting the jackpot while gambling may feel a lot more like manna from heaven than remuneration for a good day’s work, but as far as the...
ron7732
- Mar 13, 2013
- 2 min
Discharging Taxes in Bankruptcy
If you need to discharge tax debts, Chapter 7 bankruptcy is generally your best option. However the particular taxes must qualify for...