Tag Archives: Income tax

Year End Planning Tip

Posted on December 16, 2013 by Andrew Schwartz, CPA

During December, you should evaluate whether you’ll save any taxes by postponing 2013 income or deductions into 2014 or by accelerating 2014 income or deductions into 2013.  While many factors should be evaluated prior to making your final decision, a … Continue reading →

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Renting Your Vacation Home?

Posted on August 13, 2013 by Andrew Schwartz, CPA

A vacation home can be a house, apartment, condominium, mobile home or boat. If you own a vacation home that you rent to others, you generally must report the rental income on your federal income tax return. But you may … Continue reading →

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Summer Job Alert for your Working Kids: Claim Exempt

Posted on May 30, 2013 by Andrew Schwartz, CPA

I graduated from Wharton in 1987. For those of you keeping score at home, that means I’ve been working at my practice for a score and a quarter plus one.  Now that I’ve been practicing for twenty-six years, many of … Continue reading →

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SAVE MONEY WITH THE CHILD TAX CREDIT

Posted on April 2, 2013 by Andrew Schwartz, CPA

From the IRS Tax Tips News: If you have a child under age 17, the Child Tax Credit may save you money at tax-time. Here are some facts the IRS wants you to know about the credit. Amount.  The non-refundable … Continue reading →

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Series: Choose the Best Entity Type for your Pratice – Part 1

Posted on July 12, 2012 by Andrew Schwartz, CPA

By Andrew D. Schwartz, CPA For doctors in practice, making a lot of decisions every day is just part of the deal.  While some practice management issues come with only one obvious solution, most require that you spend time researching … Continue reading →

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A.M.T. ONCE AGAIN SPELLS TROUBLE FOR MILLIONS OF TAXPAYERS

Posted on March 8, 2012 by Andrew Schwartz, CPA

By Andrew D. Schwartz, CPA Here we go again. On New Year’s Day 2012, the Alternative Minimum Tax (AMT) went from bad to worse. Due to a stop-gap provision that expired at the end of 2011, many more people could … Continue reading →

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