Skip to main content
Category

News

Foreign Account Reporting Due April 15

By News

Individuals as well as corporations, partnerships, and trusts that have financial interests in or authority over one or more foreign financial accounts need to report these relationships to the U.S. Treasury, provided that the aggregate value of those accounts exceeds $10,000 at any time during the year.

Read More

Claiming Disaster Losses

By News

The recent tax law changes eliminated the deduction for personal casualty losses for tax years 2018 through 2025, but did retain a deduction for losses within a federally declared disaster area. As a result of the wild fires in the west, hurricanes and flooding in the east, we’ve had a…

Read More

Discharging Tax Debts Through Bankruptcy

By News

For many individuals struggling with overwhelming debt, bankruptcy can be an attractive option that allows the individual to start over with a “blank slate,” as it were. However, not all debts can be discharged through bankruptcy, and some are easier to discharge than others.

Read More