Tax Prep, Planning & Strategy Insights

Tax breaks in 2025 and how The One, Big Beautiful Bill could change them | Weyrich, Cronin & Sorra | tax accountant in alexandria va

Tax Prep, Planning & Strategy

Tax breaks in 2025 and how The One, Big Beautiful Bill could change them

The U.S. House of Representatives passed The One, Big, Beautiful Bill Act on May 22, 2025, introducing possible significant changes to individual…
Still have tax questions? You’re not alone | tax preparation in baltimore md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Still have tax questions? You’re not alone

Even after your 2024 federal return is submitted, a few nagging questions often remain. Below are quick answers to five of the most common questions…
The “wash sale” rule: Don’t let losses circle the drain | tax preparation in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The “wash sale” rule: Don’t let losses circle the drain

Stock, mutual fund and ETF prices have bounced around lately. If you make what turns out to be an ill-fated investment in a taxable brokerage…
What tax documents can you safely shred? And which ones should you keep? | CPA in Alexandria VA | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

What tax documents can you safely shred? And which ones should you keep?

Once your 2024 tax return is in the hands of the IRS, you may be tempted to clear out file cabinets and delete digital folders. But before reaching…
Discover if you qualify for “head of household” tax filing status | cpa in harford county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Discover if you qualify for “head of household” tax filing status

When we prepare your tax return, we’ll check one of the following filing statuses: single, married filing jointly, married filing separately,…
Are you a tax-favored real estate professional? | accounting firm in bel air md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Are you a tax-favored real estate professional?

For federal income tax purposes, the general rule is that rental real estate losses are passive activity losses (PALs). An individual taxpayer…

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