Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC



I'm going to risk being a bit blunt here.That said, I'll apologize ahead of time for those of you in truly tragic financial circumstances. I'm referring to events, completely out of control, which wreck your balance sheets. Like a medical emergency, not covered by insurance -- and which no reason...
  by Allan J. Rolnick Plans, plans, plans. We’re all about those plans. These days, we’re working with a fair number of our New York Metro clients to get ahead of all of the changes to the tax code. Yes, there’s a larger standard deduction next year, and that might make sense for you. But I’ll t...
  by Allan J. Rolnick Here we are in the fall, and the pace of life has clearly accelerated for most families in New York Metro. Even if you don’t have school-aged children, there’s just something about this season that increases the intensity for everyone. Maybe it’s just football season. And b...
           Streaming TV services like Netflix have changed how we watch television, dropping an entire season of a series at once for us to binge on. They've even breathed new life into "quality television," a phrase that used to provoke laughs from that insufferably smug type of person who used ...
  No one wants to pay more income taxes than they are required to, but be careful if you do your own taxes. Attempting to cut your tax liability by getting into IRS grey areas can cause you problems later on. You don't have to do anything unethical to get your return pulled for an audit, you just...
If you use triple-net leases for your rental properties, you may wonder whether you’ll get your Section 199A deduction.  We don’t have a clear answer for you, so we are going to go with “maybe.” As you’ll see, we need more information. A triple-net lease requires the lessee to pay the landlord re...
Alabama Woman Will Receive Jail Time, Not for Embezzling but For Not Reporting it on Her Tax Returns Alita Baker Edeker, of Valley, AL, pled guilty to 6 counts of wire fraud and 3 counts of filing false tax returns. From February 2007 through May 2014, Edeker directed her company’s client’s payme...
           Some of the world's most popular board games give players the chance to live out professional fantasies. Aspiring property sharks can cheat each other with the classic Monopoly. Would-be Sherlock Holmeses can track down killers with Clue. Armchair generals can settle down to an evening...


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