BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman & Co. Bitcoin has been around for nearly a decade. But the tax rules related to “virtual currency” are still evolving. In fact, some Bitcoin investors may be in for a surprise when they file their 2017 returns. Tax matters will become even more complicated for 2018 returns because […]
BY BARRY WARNER There are many Rockland County residents who do not have the resources to adequately prepare their 2017 tax returns. The assistance of AARP Tax-Aide volunteers help taxpayers comply with tax laws and receive refunds quickly. AARP Tax-Aide is a free volunteer-run tax counseling and preparation service offered to all taxpayers earning middle […]
By Michael Riconda On July 19, Representative Trey Gowdy (R-South Carolina) delivered an impassioned criticism of the Internal Revenue Service, and particularly its former Exempt Organizations head Lois Lerner and White House Press Secretary Jay Carney, for contradicting themselves in presenting their narratives of the targeting of activists by the IRS. Specifically, Gowdy took issue […]
Plea deal leaves actor with a felony on his record DA’S PRESS RELEASE Rockland County District Attorney Thomas P. Zugibe today announced that Stephen Baldwin (DOB 05/16/66) of Upper Grandview, New York pled guilty to one count of Repeated Failure to File Personal Income Tax Returns, a class “E” Felony. Baldwin failed to file New […]
IRS Tax Tip 2012-25 Although most income you receive is taxable and must be reported on your federal income tax return, there are some instances when income may not be taxable. The IRS offers the following list of items that do not have to be included as taxable income: Adoption expense reimbursements for qualifying expenses […]
These 10 planning considerations can help you manage finances through periods of unemployment. ORIGINALLY PUBLISHED BY THE JOURNAL OF ACCOUNTANCY BY MICHAEL J. ALOI Given the continued weakness in the economy and an unemployment rate still above historic norms, now is a good time to review the financial planning issues clients face when […]