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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…
Scrupulous records and legitimate business expenses are the key to less painful IRS audits | tax accountant in hunt valley md | Weyrich, Cronin & Sorra

Management Advisory Services & Business Consulting

Scrupulous records and legitimate business expenses are the key to less painful IRS audits

If you operate a business, or you’re starting a new one, you know records of income and expenses need to be kept. Specifically, you should…
Building a better nonprofit: Rules for restructuring | accounting firms in baltimore | Weyrich, Cronin & Sorra

Non-Profits

Building a better nonprofit: Rules for restructuring

There are many reasons why a 501(c) tax-exempt organization might consider restructuring. For example, a financially struggling nonprofit might…

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