Taxation of Alimony and Child Support
TAXATION OF ALIMONY AND CHILD SUPPORT In today’s environment of divorce rate in excess of 50% coupled with changes in…
Late S Elections
LATE S ELECTIONS Under certain circumstances a taxpayer may want to change their sole proprietorship, partnership or LLC into an…
2018 Tax Cuts & Jobs Act
The 2018 Tax Cuts & Jobs Act Article By: Jeff Skolnick, CPA, M.S. Taxation The 2018 Tax Cuts & Jobs…
Things to Keep in Mind for 2018 Tax Filings!
THINGS TO KEEP IN MIND FOR 2018 TAX FILINGS Article by: Jeff Skolnick, CPA, M.S. Taxation This article is a…
Self-Employment Tax 2019
Self-Employment Tax 2019 Article By: Jeff Skolnick, CPA, M.S. Taxation With the number of self-employed people growing each year I…
SOLE PROPRIETORSHIPS, HOBBY LOSSES AND IRS RED FLAGS
Obviously being an income tax accountant I hear certain questions over and over again. One of the most common questions…
DRIVER’S LICENSE NUMBERS AND RETURN DUE DATE CHANGES
Now that tax season is here, it is time to discuss some new regulations put in place this year pertaining…
NEW JERSEY TAX CHANGES
While I usually report mainly Federal income tax issues because of the fact that I have clients and followers in…
1031- EXCHANGES
Like-Kind Exchanges or 1031 transactions allow taxpayers to dispose of property and defer the gain or loss if the property…
DEDUCTING LOSSES ON RENTAL PROPERTIES, WHAT ARE THE RULES?
Many people I speak to have questions regarding rental properties. Real estate has always been one of the most popular…