Bunching Charitable Contributions Using a Donor Advised Fund

Posted by Jordon N. Rosen, CPA, AEP In the aftermath of the Tax Cuts and Jobs Act (TCJA), many taxpayers who used to be able to itemize deductions prior to 2018, now find themselves not being able to itemize and claiming the standard deduction. For 2019, the standard deduction is $24,400 for a married couple and $12,200 for a single … Continued

Will the SECURE Act Secure Your Retirement Plan?

Posted by Jordon Rosen, CPA, MST, AEP® On May 23, 2019, the House passed a bipartisan bill by a vote of 417-3 to enhance the opportunities for individuals to save more for retirement. The bill is now before the Senate, which, with some modifications, should find its way to the president for signature before the end of the year. This … Continued

Personal Income Tax Scam Warning

The Delaware Division of Revenue has issued an alert regarding a new taxpayer scam designed to trick taxpayers into thinking they have received official communication from the Division of Revenue.

Tips for getting questions answered from the IRS

We are in the thick of the tax filing season and the call volume to the Internal Revenue Service (IRS) is high, so we would like to share some tips the IRS has communicated which will enable you to get a quick answer. 

It’s Time To Be Looking at Year-End Tax Planning

By Jordon Rosen, CPA, MST, AEP® It’s never too early to think about tax planning and with new rules in force for 2018 (Tax Cuts and Jobs Act, the “Act,” or “TCJA”), NOW is a good time. Below are a few key provisions of the Act with related planning tips. Keep in mind that most individual provisions are temporary and … Continued

The Tax Cuts and Jobs Act: Mid-Year Update

The Tax Cuts and Jobs Act (TCJA) has altered the tax landscape for a lot of individuals and businesses. The changes are extensive and we wanted to provide a high-level overview of some of the features to keep you informed.