Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
I hope things are good! I like sharing this simple guide about state tax changes in 2021. It will tell you everything you need to know about income and other tax adjustments in 2021, effective last July 1, to help you when filing your return. Have a look. 2021 State Tax Changes When you have some...
Little is His Name, Big Tax Cheat is His Game,Long Time He’ll Be in Prison!The third time’s the charm for Michael Dexter Little, who was convicted of tax fraud in 1999, 2003, and again in 2022. This time, Little also added conspiracy to commit wire fraud, money laundering, and identity theft to h...
 The old saying that nothing is certain in life except death and taxes has never been more accurate or frightening. In the current environment, fear of the IRS is creeping in, and nothing will get your heart racing quite as fast as opening the mailbox and finding a letter from the tax agency.When...
People put off filing their taxes for different reasons, but many of those excuses may rely on irrational fears. This interesting article debunks strange (but common) reasons for this behavior. Take a look! #taxes #havenotfiledtaxreturns    
 The holidays are here. Not to be a grinch but right around the corner is a less fondly anticipated time of year. Before you know it, you will be taking down the Christmas tree, pulling down the holiday lights and getting ready for the tax season to come.Tax season is decidedly less fun than holi...
    As tax filing season unfolds, many taxpayers are taking the bull by the horns and doing their own taxes. Though it may seem like good news for the individual taxpayer, it’s important to watch out for common tax filing mistakes. Tax preparation software makes some errors like addition and subt...
  Proper tax planning is a year-round proposition. You cannot afford to wait until April to start planning your taxes and assessing your tax liability.  Knowing which factors can raise your taxes is one of the best ways to keep more money in your pocket. These five factors can unexpectedly raise ...
 Back in 1997, Delaware Senator Bill Roth sponsored a new kind of retirement savings account with a back-end benefit. In contrast to traditional IRAs, which let you deduct your contributions and defer tax until you pull money out, the Roth IRA lets you contribute after-tax dollars in exchange for...
Writing a funny tax column every week, and keeping it as consistently brilliant as we do, is actually harder than it looks. (Less glamorous, too.) Sometimes there just isn't an obviously fun story to cover. What do we write about in a week with no criminals cheating, celebrities misbehaving, or ...

Allan Rolnick

Small Business Tax Strategist
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