Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
RECENT BLOG POSTS
Holiday season is in full swing, and millions of Americans are celebrating with their favorite libations. Breweries are rolling out their winter brews. Wine stores are stocking up on champagne. And somewhere in a gentrifying warehouse district near you, a hipster bartender in a flannel shirt and ...
12/21/2018
Your year-end tax planning doesn’t have to be hard. I have outlined below five strategies that will increase your tax deductions or reduce your taxable income so that Uncle Sam gets less of your 2018 cash.  Prepaying your 2019 expenses right now reduces your taxes this year, without question. Whi...
12/12/2018
           Take a look at our Internal Revenue Code. No, really, take a good look. (You can buy it on Amazon for just $161.89: two thick paperbacks totaling 4,968 pages. You even get free Prime shipping!) At first glance, it's all about the revenue. For FY 2019, federal income taxes should hit ne...
11/30/2018
I hope your Thanksgiving weekend was as filling as mine. I'm still enjoying the leftovers! In my opinion, that is one of the very best things about the holiday ... that, and all of the political conversations around the table.Whoops. I'm kidding about that last part.Anyway, speaking of leftovers,...
11/28/2018
  Wall Streeters have a lot to give thanks for this holiday season. Earnings are up, so bonuses are up. And that, in turn, means taxes are up, too. The New York Post just reported that Wall Street Bankers Are Throwing Excessive Parties To Dodge Taxes. But will the wining and dining actually put m...
11/26/2018
Now that we have a divided Congress again, we can all sit back and enjoy the gridlock that is headed our way. Or something. I don’t blame you if you tune out from politics — and I also don’t blame you if you find yourself jumping more intentionally into the fray. There’s lots to be frustrated by...
11/23/2018
So last week, I began the conversation around those foundational items of necessity for a “real” business that many business owners in Metropolitan NYC don’t quite take into consideration when they first get started. These are the sort of things that can be the difference between a long-term, su...
11/21/2018
           If you were coaching your kid's basketball team, you wouldn't win many games if you told them to aim for the backboard. Your opponents might love you, but there would be at least one dad in the stands screaming at you the entire time. So why have some tax collectors given up aiming for...
11/16/2018
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         Reality television has introduced us all to the joy of the "big reveal." HGTV specializes in this sort of story. The perky couple, handsome brothers, or plucky first-time homeowners spend most of an episode covered in plaster dust and paint. Then after the final commercial break, they p...
11/09/2018
The first good news is that you can be both real estate investor and real estate dealer with respect to your real estate portfolio.  The next good news is that you are in control, and by knowing just a few rules about dealer and investor classifications, you can do much to increase your net worth...
11/02/2018
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AllanRolnick

Small Business Tax Strategist
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