Services Insights

When partners pay expenses related to the business - accounting firm in Cecil County MD - weyrich, cronin and sorra

Management Advisory Services & Business Consulting

When partners pay expenses related to the business

It’s not unusual for a partner to incur expenses related to the partnership’s business. This is especially likely to occur in service partnerships…
The pros and cons of turning your home into a rental - tax preparation in alexandria va - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

The pros and cons of turning your home into a rental

If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and…
Watch out for “income in respect of a decedent” issues when receiving an inheritance - tax accountant in washington dc - weyrich, cronin and sorra

Estate & Wealth Transfer Planning

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to…
Taxes when you sell an appreciated vacation home - cpa in elkton md - weyrich, cronin, and sorra

Tax Prep, Planning & Strategy

Taxes when you sell an appreciated vacation home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios…
IRS extends relief for inherited IRAs | tax preparation in harford county md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

IRS extends relief for inherited IRAs

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required…
Scrupulous records and legitimate business expenses are the key to less painful IRS audits | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Scrupulous records and legitimate business expenses are the key to less painful IRS audits

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should…

Connect with Us

Use the form below to send us an email. WCS responds directly to all inquiries and general questions within 24 hours of posting.

This contact form is deactivated because you refused to accept Google reCaptcha service which is necessary to validate any messages sent by the form.