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Disaster relief charities: Know the rules before providing aid - tax accountants in Washington DC - weyrich, cronin and sorra

Non-Profits

Disaster relief charities: Know the rules before providing aid

The United States is entering the most natural-disaster-prone time of the year. Tornadoes are most likely to occur in May, and the Atlantic hurricane…
The pros and cons of turning your home into a rental - tax preparation in alexandria va - weyrich, cronin and sorra

Tax Prep, Planning & Strategy

The pros and cons of turning your home into a rental

If you’re buying a new home, you may have thought about keeping your current home and renting it out. In March, average rents for one- and…
Watch out for “income in respect of a decedent” issues when receiving an inheritance - tax accountant in washington dc - weyrich, cronin and sorra

Estate & Wealth Transfer Planning

Watch out for “income in respect of a decedent” issues when receiving an inheritance

Most people are genuinely appreciative of inheritances, and who wouldn’t enjoy some unexpected money? But in some cases, it may turn out to…
Nonprofits don’t lose as much to fraud, but risk requires action - accounting firm in bel air md - weyrich, cronin, and sorra

Non-Profits

Nonprofits don’t lose as much to fraud, but risk requires action

According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer…
Taxes when you sell an appreciated vacation home - cpa in elkton md - weyrich, cronin, and sorra

Tax Prep, Planning & Strategy

Taxes when you sell an appreciated vacation home

Vacation homes in upscale areas may be worth way more than owners paid for them. That’s great, but what about taxes? Here are three scenarios…
IRS extends relief for inherited IRAs | tax preparation in harford county md | Weyrich, Cronin, & Sorra

Tax Prep, Planning & Strategy

IRS extends relief for inherited IRAs

For the third consecutive year, the IRS has published guidance that offers some relief to taxpayers covered by the “10-year rule” for required…

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