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Essex Office

201 Eastern Blvd

Essex, MD 21221-6958

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Tuesday, March 21, 2023

As the financial markets sort through the banking sector's issues, speculators have adjusted their outlook for interest rates for 2023 and beyond.In the first table, you can see that on March 3, speculators were expecting the Federal...

Friday, March 17, 2023

Stocks tumbled last week as investors reconsidered their interest rate expectations after Fed Chair Powell’s Congressional testimony that rates may need to go higher. Stocks also were rattled when a west coast bank was placed...

Friday, January 21, 2022

Opening the mailbox and finding a letter from the IRS is frightening, but what happens next can be even scarier. The tax agency wields incredible power, and if they claim you owe additional taxes, they have many different options for...

Friday, January 7, 2022

YOUR 4% WITHDRAWAL STRATEGY MAY NOT BE ENOUGH Get the Tax Guidance You Need to Help Live the Retirement You Desire There’s a lot of concern among industry experts about whether the popular 4% withdrawal rule can provide enough income...

Monday, January 3, 2022

The IRS actually understands taxpayers fall behind on their taxes, and they have programs in place that can reduce the amount you owe or at least make paying the tab a little easier.

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Tuesday, December 21, 2021

Small business owners and freelancers can get blindsided by huge tax bills. here are some tax deductions you may be eligible for to help reduce your tax burden and protect your income.

Monday, December 6, 2021

If you love the freedom of gig work but not the big tax bill, you need to think ahead. Here are four ways you can trim your tax bills.

Friday, November 26, 2021

The holidays are here. Not to be a Grinch but right around the corner is a less fondly anticipated time of year. Before you know it, you will be taking down the Christmas tree, pulling down the holiday lights and getting ready for the...

Tuesday, November 9, 2021

Apparently, reality TV shows are now providing tax advice!. The number one questions across the country this year are from clients attending “real estate” seminars and being told to use their IRA to buy and flip homes....

Friday, November 5, 2021

Cryptocurrency has become an incredibly popular way to invest, but the tax side of this virtual coin can be difficult to navigate. The IRS has gone back and forth over the years on it's stance on cryptocurrency, making it confusing...

Wednesday, October 20, 2021

Given how high the stakes are, it is surprising how little thought many people give to their taxes. All too often, individuals simply walk into a neighborhood storefront, hand over their most personal information and trust the person...

Friday, October 15, 2021

As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes....

Tuesday, September 21, 2021

Congress is currently debating President Biden’s American Families Plan of tax and benefit changes. The Plan would make sweeping changes to our individual tax system and a limited window of time is available to plan for some of...

Monday, September 20, 2021

It is one of the scariest things that can befall a taxpayer - the dreaded notice from the IRS stating you owe them more money you can’t pay. When you open the mailbox and see the return address of the tax agency staring back at...

Sunday, September 5, 2021

Whether you are expecting a nice tax refund or preparing to write a big scary check, you know that April 15 is the annual tax filing deadline. What you may not know, however, is that tax day is every day at the IRS, and the tax agency...

Tuesday, August 31, 2021

Few things are as frightening as opening the mailbox and finding a letter from the IRS, especially when you know you owe them money. The much feared tax agency does not contact taxpayers just to say hello and receiving communication...

Monday, June 1, 2015

A health care power of attorney, your medical decision-maker, plays an important role in estate planning but only if they are alerted to act. One way to make sure your medical decision-maker is alerted is to add them as an emergency...

Thursday, May 7, 2015

In order to maintain good credit and to guard against identity theft, you should check your credit reports frequently. Under the Fair and Accurate Credit Transactions Act 0f 2003 (FACTA), you are entitled to one free credit report...

Friday, February 28, 2014

It use to be so simple: Social Security benefits were tax-free. But then as a part of a "Let's Save Social Security" plan, Congress decided to tax up to 50% of your benefits. Later Congress decided to tax up to 85%, allowing the extra...

Monday, February 10, 2014

Moving and trying to decide whether to rent out or sell your present home? If so, consider two important factors:How your choice will affect your cash positionHow willing and able you are to manage a rental property Are you buying...

Friday, February 7, 2014

If you have a qualifying child under the age of 17, you may be entitled to claim this credit. A qualifying child may be a dependent child, stepchild, adopted child, sibling, or step-sibling (or descendant of these individuals), or an...

Sunday, December 15, 2013

Did you know that the government shutdown has had an impact on your tax return? Because the shutdown prevented the IRS from doing some of its standard tax season preparation, the filing season will begin a little later and your refund...