Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” We use IRS form Schedule D to track capital gains, both long and short. There is a big difference between long and … Continue reading
Category Archives: Key Deductions or Credits
12 February 2014
Erock CPA Tax Tips – Schedule D Capital Gains and “A Year and a Day”
Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” IRS form Schedule C is used for non-incorporated entrepreneurs to report their income and expenses. It is a very detailed form and … Continue reading
6 February 2014
Erock CPA Tax Tips – IRS Form Schedule B Interest & Dividends
Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” Schedule B is really one of the easiest forms of the whole bunch. It includes interest and dividends earned on investments, i.e. … Continue reading
2 February 2014
Erock CPA Tax Tips – IRS Form Schedule A Itemized Deductions
Tax Tips from Stu Steinberg – CPA, National Speaker & Financial Advisor “Celebrating 25 Years in the Business” At the top of page two of Form 1040, we get to write-off our itemized deductions. This is Schedule A. This is … Continue reading
11 January 2014
10 Common Income Tax Snafus
Our complicated tax code leads to many common mistakes that are made on returns every year. I see these mistakes daily in my office with new clients, especially the ones who used to try and do their returns themselves! Some … Continue reading
4 December 2013
5 Personal Tax Tips we can look at as we close out 2013
1) Check your withholding and boost it in December if necessary. You must take a look at where you stand in your particular case. Some folks actually should advance a payment in December to lower the penalty for underpayment. To … Continue reading
15 May 2013
The Mortgage Interest Deduction
Many of us who own homes can write off the mortgage interest paid on Schedule A. But who in America benefits most from the mortgage interest deduction, and what may happen to the real estate market and the overall economy … Continue reading
24 January 2013
TAX SEASON 2013
Well folks it’s that time of year again: TAX TIME. I know you are all so excited about this, but let’s face it, we have to do this every year, right? It is always best to stay organized when planning for your … Continue reading
7 January 2013
What does the recent tax legislation mean to you?
At the last minute Congress passed a new law that will affect most of us. Below I outline a few of the changes. 1) Your payroll taxes are going back up to where they were before the last 2 years. Total payroll taxes = … Continue reading
8 April 2012
ERock Tax Tip – Deduct Long Term Care Services
When an ailing parent or loved one requires in-home care due to a chronic illness, professional care provided by a doctor, nurse, social worker, or even a non-professional care provider may be deductible as a medical expense. These long term … Continue reading
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