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Our Blog

Hiring Household Employees

According to the IRS, you have a household employee if you hired someone to do household work and that worker is your employee.  The worker is your employee if you can control not only what work is done, but how it is done.  It is also irrelevant how you hired the...

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Scams Targeting Taxpayers

I have recently received many telephone calls from freaked out clients telling us about scary telephone calls they’ve received from supposedly the IRS and their representatives.   I even received several myself.  They have all been scams.  See below helpful...

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Education Credits on Your Tax Return

Here are some education credit tips from the IRS: IRS Summertime Tax Tip 2017-25 The beginning of the school year is a good time for a reminder of the tax benefits for education. These benefits can help offset qualifying education costs. Here is information about two...

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Eight Tax Benefits for Parents

Although at times your children may cause you some gried, during tax time they may help you qualify for valuable tax benefits, such as certain credits and deductions. If you are a parent, here are eight benefits you shouldn’t miss when filing taxes this year....

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Tax Returns Preparation in New York for Same Sex Marriages

As of July 24, 2011, New York enacted the Marriage Equality Act making the gender of the partners of a marriage irrelevant. This means the state cannot consider gender when deciding on benefits, rights, or responsibilities connected with marriage and no application...

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Is your student loan forgiveness taxable?

If you owe money and either the lender forgives your debt or someone else pays your debt, usually the result is taxable income to you. The tax law calls this concept “income from discharge of debt.”  An example of this in today’s economic climate would be your...

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