Are You Eligible for a Refund of Underpayment Penalties Assessed?

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...

Family Loans

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...

This Year’s Most Interesting Tax-Season Observation

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...

Mortgage Financing Today: The Value of Working with a Local Lender

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. ...