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The “kiddie tax” can apply long after childhood | accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The “kiddie tax” can apply long after childhood

Many parents don’t know that the so-called “kiddie tax” exists. Others assume it affects only minor children. But it also can apply to…
IRS issues guidance on QOZ program changes | tax preparation in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS issues guidance on QOZ program changes

The Qualified Opportunity Zone (QOZ) program provides tax incentives to invest in designated low-income communities across the United States.…
Self-employed? Don’t overlook valuable tax deductions | tax preparation in Washington DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Self-employed? Don’t overlook valuable tax deductions

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick…
Sold sign in front of a residential home with a blurred background, representing the sale of a home and potential tax implications of real estate transactions.

Tax Prep, Planning & Strategy

When the sale of an appreciated home triggers taxes — and when it doesn’t

Home values have risen significantly in many areas of the country over the last several years, leaving some homeowners with substantial gains…
Smiling small business owner in a shipping workspace checking a smartphone while working at a laptop surrounded by shipping boxes, celebrating a successful online sale.

Tax Prep, Planning & Strategy

Don’t let the IRS treat your sideline as a hobby

Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the…
Cost segregation studies can reveal substantial tax savings | cpa in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Cost segregation studies can reveal substantial tax savings

Businesses that own commercial real property may be sitting on an overlooked treasure chest of tax savings — and a cost segregation study can…

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