Tax Prep, Planning & Strategy Insights

The best way to survive an IRS audit is to prepare | tax preparation in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The best way to survive an IRS audit is to prepare

The IRS recently released its audit statistics for the 2022 fiscal year and fewer taxpayers had their returns examined as compared with prior…
That email or text from the IRS: It’s a scam! | cpa in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

That email or text from the IRS: It’s a scam!

“Thousands of people have lost millions of dollars and their personal information to tax scams,” according to the IRS. The scams may come…
Reduce the impact of the 3.8% net investment income tax | tax accountants in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Reduce the impact of the 3.8% net investment income tax

High-income taxpayers face a regular income tax rate of 35% or 37%. And they may also have to pay a 3.8% net investment income tax (NIIT) that’s…
Use the tax code to make business losses less painful | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Use the tax code to make business losses less painful

Whether you’re operating a new company or an established business, losses can happen. The federal tax code may help soften the blow by allowing…
Questions you may still have after filing your tax return | quickbooks consulting in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Questions you may still have after filing your tax return

If you’ve successfully filed your 2022 tax return with the IRS, you may think you’re done with taxes for another year. But some questions…
4 tax challenges you may encounter if you’re retiring soon | quickbooks consulting in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

4 tax challenges you may encounter if you’re retiring soon

Are you getting ready to retire? If so, you’ll soon experience changes in your lifestyle and income sources that may have numerous tax implications. Here’s…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
16 May

"But the IRS also indicated in Notice 2024-35 that forthcoming final regulations for the rule will apply for the purposes of determining RMDs from such accounts in 2025." https://bit.ly/3UgSr9t

wcscpas Weyrich Cronin Sorra @wcscpas ·
14 May

"If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept." https://bit.ly/3VXkw84