2021 Tax Prep, Planning & Strategy Insights

IRS Audits may be Increasing - Be Prepared! | Tax Preparation in Cecil County | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

IRS Audits may be Increasing – Be Prepared!

The IRS released its audit statistics for the 2020 fiscal year and fewer taxpayers had their returns examined as compared with prior years. Even…
How Start-Up Expenses are Handled on your Tax Return | Tax Preparation in Washington DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How Start-Up Expenses are Handled on your Tax Return

Despite the COVID-19 pandemic, government officials are seeing a large increase in the number of new businesses being launched. From June 2020…
Can you Deduct the Interest on your Student Debt? | CPA in Alexandria | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Can you Deduct the Interest on your Student Debt?

More than 43 million student borrowers are in debt with an average of $39,351 each, according to the research group EducationData.org. If you…
IRS Extends Administrative Relief for 401(k) Plans | Business Consulting and Accounting Services in Baltimore County | Weyrich, Cronin & Sorra

Industries

IRS Extends Administrative Relief for 401(k) Plans

As mitigation measures related to COVID-19 ease, it will be interesting to see which practices and regulatory changes taken in response to the…
10 Fact: Pass-Through Deduction for Qualified Business Income | Tax Preparation in Alexandria | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

10 Fact: Pass-Through Deduction for Qualified Business Income

Are you eligible to take the deduction for qualified business income (QBI)? Here are 10 facts about this valuable tax break, referred to as the…
Make Health Care Decisions While You’re Healthy | Tax Accountants in Washington DC | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

Make Health Care Decisions While You’re Healthy

Estate planning isn’t just about what happens to your assets after you die. It’s also about protecting yourself and your loved ones. This…

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