by Mary Rose Somera | Jan 14, 2022 | CPA Services, Cryptocurrency, Tax Compliance, Tax Strategies
Estimated Read Time: 5 minutes – 2021 was a record-breaking year for cryptocurrency. We have witnessed its rise and fall and how cryptocurrencies (and other forms of crypto assets) evolved over the past years. If you’re one of the more than 10% of Americans who has...
by Mary Rose Somera | Dec 3, 2021 | CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 7 minutes – Just recently, IRS has announced the new inflation-adjusted numbers for 2022 with estate and gift tax exemption climbing up to higher figures which means that affluent taxpayers can gift more to their heirs tax free during life or at...
by Mary Rose Somera | Dec 3, 2021 | CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 6 minutes – A key area of personal financial planning is preparing for the transfer of property during an individual’s lifetime and at death. Although this is not a concern of the majority, minimizing estate and gift taxes is a major...
by Mary Rose Somera | Dec 3, 2021 | Tax Compliance, Tax Strategies
Estimated Read Time: 5 minutes – The impact of estate and gift taxes and exclusion amounts on estate planning strategies must be regularly monitored and assessed as they differ every year. With IRS’ recent announcement of the new inflation-adjusted numbers for 2022,...
by Mary Rose Somera | Sep 25, 2021 | Tax Compliance, Tax Strategies
Estimated Read Time: 3 minutes – If you have looked into every detail of Biden’s road to Presidency, you have heard about the American Families Plan. There have been a lot of speculations on the details of the plan because the White House has only shared a fact sheet...
by Aaron Jaeger | May 27, 2021 | Accounting & Business Services, CPA Services, Tax Compliance, Tax Strategies
Estimated Read Time: 4 minutes – ‘Urgent’ marked in red. A form letter was a warning I would face jail time and a bench warrant to be issued for my arrest. As my face flushed and fight or flight kicked in, I read the letter again. Luckily, a speeding ticket...
