ARCHIVED BLOG POSTS
2019
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Tax audit. It’s a phrase that can momentarily stop the heart of even the most even-keeled taxpayer. The thought of having our income taxes reviewed by the government and potentially having to pay an untold amount of additional taxes and penalties is frightening to most people. If you’re in the ...
03/29/2019
Tax filing season is here again, and millions of hardworking Americans are already dreaming of those fat refund checks. Unfortunately, many of them may be disappointed this year. The combination of recent changes to the tax law and updates to employer withholding tables have shrunk the size of t...
03/27/2019
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Early on a Tuesday morning, FBI agents fan out across the country to arrest dozens of people in six states on racketeering charges and other offenses. The next Gambino family mob "rollup"? No, it's "Operation Varsity Blues" — the newest celebrity scandal, featuring CEOs and Hollywood stars bribi...
03/25/2019
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Choosing where to live is one of the most important decisions we make on this journey we call life. Do we embrace the familiar comfort of the small town where we grew up, or do we strike off for fame and fortune in the big city? Do we celebrate new advances in home snowblower technology, or do w...
03/18/2019
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Every year, New York Metro taxpayers like you venture into the wild frontier known as tax season.And if today's "wild frontier" is outer space (sure seems the case), then I want you to view the Internal Revenue Service as the bright shining star in our solar system: the sun.Simply put, the IRS he...
03/15/2019
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Now we're cooking with gas. After weeks of reports that refunds were down, last week's data from the IRS shows a new trend. Although overall quantity of refunds are down, now the average refund is up 1.9%. After so many headlines to the contrary, I suppose that qualifies as good, national tax n...
03/13/2019
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Word on the tax professional "street" is that tax filing numbers are down across the board so far. That is from data released by software providers (though this year, of all years, I simply don't understand why somebody would use software), as well as overall numbers from the IRS, AND those who a...
03/11/2019
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Premiums for Medicare health insurance can add up to a substantial sum. That’s especially true if you have high income, and you’re married and both you and your spouse are paying premiums. Fortunately, the premiums can potentially help your tax situation. The dollar benefit of Medicare tax d...
03/08/2019
Rainmaker
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138,160
Allan Rolnick
Small Business Tax Strategist