Tax Prep, Planning & Strategy Insights

Tax and other financial consequences of tax-free bonds | tax preparation in washington dc | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Tax and other financial consequences of tax-free bonds

If you’re interested in investing in tax-free municipal bonds, you may wonder if they’re really free of taxes. While the investment generally…
Investing in the future with a 529 education plan | Tax Accountants in Washington DC | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Investing in the future with a 529 education plan

If you have a child or grandchild who’s going to attend college in the future, you’ve probably heard about qualified tuition programs, also…
Changes in Tax Treatment of R&D | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Changes in Tax Treatment of R&D

By Jonathan Davis If your business has substantial R&D expenses in 2022, you may want to do some tax planning to get an estimate of the…
Is your income high enough to owe two extra taxes? | cpa in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Is your income high enough to owe two extra taxes?

High-income taxpayers face two special taxes — a 3.8% net investment income tax (NIIT) and a 0.9% additional Medicare tax on wage and self-employment…
The Inflation Reduction Act: what’s in it for you? | accountant in cecil county md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The Inflation Reduction Act: what’s in it for you?

You may have heard that the Inflation Reduction Act (IRA) was signed into law recently. While experts have varying opinions about whether it…
How to avoid the early withdrawal tax penalty on IRA distributions | accountant in hunt valley md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

How to avoid the early withdrawal tax penalty on IRA distributions

When you take withdrawals from your traditional IRA, you probably know that they’re taxable. But there may be a penalty tax on early withdrawals…

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wcscpas Weyrich Cronin Sorra @wcscpas ·
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"New nonprofits must ask the IRS to recognize their tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? Here’s some information to help you decide." https://bit.ly/3PDkHBb

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