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Caring for an elderly relative? You may be eligible for tax breaks | tax accountants in baltimore city | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Caring for an elderly relative? You may be eligible for tax breaks

Taking care of an elderly parent or grandparent may provide more than just personal satisfaction. You could also be eligible for tax breaks.…
Thinking about converting your home into a rental property? | cpa in baltimore md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Thinking about converting your home into a rental property?

In some cases, homeowners decide to move to new residences, but keep their present homes and rent them out. If you’re thinking of doing this,…
Want to turn a hobby into a business? Watch out for the tax rules | accountant in bel air md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Want to turn a hobby into a business? Watch out for the tax rules

Like many people, you may have dreamed of turning a hobby into a regular business. You won’t have any tax headaches if your new business is…
Businesses may receive notices about information returns that don’t match IRS records | accountant in harford county md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Businesses may receive notices about information returns that don’t match IRS records

The IRS has begun mailing notices to businesses, financial institutions and other payers that filed certain returns with information that doesn’t…
The tax mechanics involved in the sale of trade or business property | accountant in baltimore md | Weyrich Cronin & Sorra

Management Advisory Services & Business Consulting

The tax mechanics involved in the sale or trade of business property

There are many rules that can potentially apply to the sale of business property. Thus, to simplify discussion, let’s assume that the property…
Valuable gifts to charity may require an appraisal | tax preparation in hunt valley md | Weyrich Cronin & Sorra

Tax Prep, Planning & Strategy

Valuable gifts to charity may require an appraisal

If you donate valuable items to charity, you may be required to get an appraisal. The IRS requires donors and charitable organizations to supply…

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Hunt Valley Office

20 Wight Avenue
Suite 210
Hunt Valley, MD 21030
410.339.6464
Fax: 410.339.7272

Bel Air Office

139 North Main Street
Suite 201
Bel Air, MD 21014
410.838.2237
Fax: 410.893.9527

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116 West Main Street
Elkton, MD 21921
410.398.1961
Fax: 410.398.1157

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wcscpas Weyrich Cronin Sorra @wcscpas ·
7 Jan

"How does your federal tax bill affect Medicare insurance premiums? How much will monthly Medicare premiums be in 2025? Here are the answers to those and other questions." https://bit.ly/4femneJ

wcscpas Weyrich Cronin Sorra @wcscpas ·
6 Jan

The ongoing saga of the beneficial ownership information reporting requirements isn’t over. A federal appeals court and the government now say that more than 30 million businesses no longer have to file reports in January 2025. https://bit.ly/3W9Ou89