More Families May Be Eligible for the Child Care Credit/Dependency Exemption

More Families May Be Eligible for the Child Care Credit/Dependency Exemption

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman and Co. The Tax Cuts and Jobs Act (TCJA) made significant changes to the child credit. This credit is generally available to taxpayers with children under the age of 17, but the new law adds a new (smaller) credit for other dependents. Here are the details. Old Rules – Under […]

Preparing for Tax Season

Preparing for Tax Season

BY ANDREW KABATCHNICK, CPA Preparing for tax time, whether you are preparing yourself or you have a professional, can be a very stressful time for most people.  However, there is a lot that can be done to help reduce the anxiety.  From organizing you receipts and bank statements to planning ahead and discussing changes with you accountant […]

OMBUDSMAN-ALERT: Congress Must Restore Complete State and Local Tax Deductions From The Federal Income Tax!

OMBUDSMAN-ALERT: Congress Must Restore Complete State and Local Tax Deductions From The Federal Income Tax!

BY DR. LOUIS ALPERT Ombudsman Starting today, February 22, 2018, this writer has launched a program in the tri-state region of New York, New Jersey and Connecticut to demand that senators and congresspersons representing these states support legislation  he restore the right of tax payers to itemize and deduct their high state and local taxes (SALT) on their […]

Because of Sweeping Tax Changes in 2018 Make Sure You Benefit in 2017

Because of Sweeping Tax Changes in 2018 Make Sure You Benefit in 2017

BY PHIL GOLDSTEIN Managing Partner, Goldstein, Lieberman & Co. LLC Make sure you take these deductions for 2017 as the new tax law has become the biggest piece of tax reform legislation that’s been enacted since the landmark Tax Reform Act of 1986. It’s expected to have a major impact on individual taxpayers in 2018. […]

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