by Arthur Geffen | Dec 9, 2020 | Income Tax
VERY TIMELY ARTICLE BY STEVE FROMM ON YEAR END TAX PLANNING. 2020 Year-End Tax Planning Tips:Philadelphia Tax Attorney Offers Strategies To Save Taxes Before...
by Arthur Geffen | Nov 23, 2020 | Income Tax
There are steps people can take now to make sure their tax filing experience goes smoothly in 2021. First, they can visit the Get Ready page on IRS.gov.Here are a few other things people can do now:Check their withholding and make any adjustments soonSince most...
by Arthur Geffen | Oct 1, 2020 | Income Tax, IRS
Taxpayers need to know their correct filing status and be familiar with each option. Generally, the taxpayer’s filing status depends on whether they are single or married on Dec. 31 and that determines their status for the whole year. However, more than one...
by Arthur Geffen | Aug 25, 2020 | Income Tax
Whether it’s something they’ve been doing for years or something they just started to make extra money, taxpayers must report income earned from hobbies in 2020 on next year’s tax return. What the difference between a hobby and a business? A...
by Arthur Geffen | Feb 12, 2020 | Income Tax, Income Tax Credits
What is Section 179, and how does it benefit businesses? Section 179 is a tax incentive that allows small businesses to write off the entire purchase price of qualifying equipment in the year it was purchased. If a business bought a piece of equipment before...
by Arthur Geffen | Jul 15, 2019 | Estate Planning, Estate Planning Solutions, Income Tax
One of the perils of being well-off is the constant risk that the federal government and/or your friendly state and local tax collectors will figure out new and different ways to snatch more of your wealth. Especially wealth that you earned the old-fashioned...
