Financial Advice

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  • Advice

    Increases in Standard Deductions and Personal Exemptions Lead to Savings

    For most of us, changes in tax laws are usually very few, and their effects are fairly minor, but there are some.

  • Advice

    Lessons to Live By

    I was contacted in early December by a woman who hadn't filed tax returns in the last 10 years, and both the Internal Revenue Service and the state of California wanted to know why.

  • Advice

    Plan for Your Taxes Now

    If you just put a little thought into preparing for tax season now, you may be able to take steps that will put some extra money in your pocket next year.

  • Advice

    Living in New York City on a Modest Budget

    New York City can be one of the most expensive places in the United States to spend a day, let alone live. You can't avoid spending money when you live in New York, but you can always spend it with prudence.

  • Advice

    Intaxication

    Obviously, all taxpayers are looking for a refund, and all too frequently they are willing to be creative to get one. Here are some cautionary tales from years of experience.

  • Advice

    Don't Be Late

    Although we do everything we can to encourage our clients to file their tax returns as early as possible, more than half our business comes in during these last few weeks of tax season.

  • Advice

    Getting an Extension

    There continues to be the perception that getting an extension allows you to put off both filing your tax return and paying your taxes until the extension deadline of Oct. 15. It's not so.

  • Advice

    Your Child's Taxes

    Sometimes the rules we explain to parents who have invested in their child's career conflict with what they have heard on the street from other parents.

  • Advice

    Those Devilish Deduction Details

    You should always consider itemizing your tax deductions, because most actors spend considerable sums on their careers in the course of a year.

  • Advice

    Dealing With Receipts

    When putting your tax records together, it's important to take your time. It's not a difficult process, but it requires attention to detail to do it properly.