Most taxpayers saw their federal income taxes decrease thanks to the new tax rules issues at the end of December 2017. Many taxpayers also saw their refunds fall or their balance due increase for their 2018 taxes as compared with prior years. That's because the 2018 withholding tables were adjusted to reduce people's withholding by… Continue reading Are You Eligible for a Refund of Underpayment Penalties Assessed?
By Andrew Schwartz, CPA Here is a question I recently received from one of my clients: My parents would like to give me a loan of $150k. How can we structure this loan so that we are in compliance with any rules from the IRS? To structure a loan in compliance with the IRS rules,… Continue reading Family Loans
By Andrew Schwartz, CPA This year's most interesting observation has nothing to do with taxes or personal finances but instead deals with civility and kindness. The world we live in has really become quite nasty: Our political leaders on both sides of the aisle have become extremely partisan and uncivil in recent years. Unfortunately, these… Continue reading This Year’s Most Interesting Tax-Season Observation
By Bob Cahill, Leader Bank Nowadays, you can find almost anything on line. It is hard to beat the convenience and ease of shopping at the push of a button. In most cases, if you do not like what you have bought or if it does not fit, you can simply return it. That may… Continue reading Mortgage Financing Today: The Value of Working with a Local Lender
By Richard Schwartz, CPA If you are one of the numerous short-term “Hosts” or “Operators” providing your home to vacationers, business professionals and other short-term renters, be aware of the new tax law that will impact short-term rentals in the Commonwealth of MA. The newly passed legislation will expand the Massachusetts hotel tax to include… Continue reading Newly enacted MA tax law to impact Airbnb, HomeAway and other short-term rentals