Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
RECENT BLOG POSTS
 "If you are truly serious about preparing your child for the future, don't teach him to subtract — teach him to deduct." Fran LebowitzHere in the United States, we spend about $1.3 trillion on education, including early childhood programs, K-12th grade, the whole college-industrial complex, and ...
10/19/2020
    Falling behind on your debts is never a fun place to be. It’s less fun when a levy is placed on your assets. In this article, we take a look at what an IRS levy is, why it happens, and what you can do about it.Note: If you have any tax trouble or owe more than $10k to the IRS or state but ca...
10/12/2020
  The autumn leaves are changing, and “the most wonderful time of the year” is right around the corner… I’m guessing tax season isn’t exactly at the front of your mind. But it should be! (At least in the top five things at the front of your mind.) Because as long as you’re getting paid by someon...
10/07/2020
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  Thirty-five years ago, cartoonist Bill Watterson published the very first "Calvin and Hobbes" strip. Calvin, an irrepressible six-year-old who's surely destined for a therapist's couch or an orange jumpsuit (or both), tells his dad he's off to check his tiger trap: "I rigged a tuna fish sandwi...
10/05/2020
Even as a  tax professional, when I get a letter from the IRS addressed to my business (or, worse, to my home), I share with you that feeling of initial trepidation: what fresh hell will I now have to deal with? More often than not, it’s something completely innocuous, like an address change, or...
10/04/2020
  Sunday night, the New York Times released a bombshell story analyzing 18 years of what they characterized as Donald Trump's "tax return information." We're not going to touch the substance of the article — that's what Twitter and Facebook are for. But one specific deduction stuck out like an u...
10/02/2020
 President Trump's war on Tik-Tok, the Chinese video-sharing app that's loaded with more spyware than James Bond's latest car, illustrates just how ubiquitous those programs have become in our lives. Apple offers 2.2 million apps in their iStore. Apps help you do everything, from setting an alarm...
09/21/2020
  Tax time will be here (again) before you know it. If your tax return is a simple one, you may be up to filing the return yourself. But if your situation is somewhat complicated, seeking the help of a qualified professional is probably the best move. Our firm specializes in helping people resolv...
09/15/2020
  The world of law enforcement lost a pioneer last week with the death of Gerald Shur. As a young prosecutor targeting what one member described as "a certain Italian-American subculture," he realized his informants would be more likely to testify on Monday morning if they weren't afraid of wind...
09/14/2020
  Ambitious musicians have always looked for ways to monetize their name and fame. Sometimes the results fall short of a mic drop — usually half-baked restaurant "concepts." (Remember Kenny Rogers Roasters?) But today's artists — especially in the rap community — can be just as talented at entre...
09/07/2020
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Allan Rolnick

Small Business Tax Strategist
local_phone718-841-7317
smartphone917-391-8467
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