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Important considerations when engaging in a like-kind exchange | cpa in alexandria va | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Important considerations when engaging in a like-kind exchange

A business or individual might be able to dispose of appreciated real property without being taxed on the gain by exchanging it rather than selling…
Reviewing — and possibly revising — your nonprofit’s spending policy | tax accountant in alexandria va | Weyrich, Cronin & Sorra

Non-Profits

Reviewing — and possibly revising — your nonprofit’s spending policy

A spending policy is the formula used to determine how much of the value of investments a nonprofit organization will tap each year for such…
Interested in an EV? How to qualify for a powerful tax credit | tax preparation in alexandria va | Weyrich, Cronin, and Sorra

Tax Prep, Planning & Strategy

Interested in an EV? How to qualify for a powerful tax credit

Sales and registrations of electric vehicles (EVs) have increased dramatically in the U.S. in 2022, according to several sources. However, while…
The kiddie tax: Does it affect your family? | tax preparation in cecil county | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

The kiddie tax: Does it affect your family?

Many people wonder how they can save taxes by transferring assets into their children’s names. This tax strategy is called income shifting.…
Weathering the storm of rising inflation | tax accountant in elkton md | Weyrich, Cronin & Sorra

Tax Prep, Planning & Strategy

Weathering the storm of rising inflation

Like a slowly gathering storm, inflation has gone from dark clouds on the horizon to a noticeable downpour on both the U.S. and global economies.…
When should you turn down an inheritance? | estate planning cpa in washington dc | Weyrich, Cronin & Sorra

Estate & Wealth Transfer Planning

When should you turn down an inheritance?

“Thanks, but no thanks.” If you expect to receive an inheritance from a family member, you might want to use a qualified disclaimer to refuse…

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