Allan Rolnick's (taxcoach) Blog

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Industry Observer - TriState Tax Resolution LLC
RECENT BLOG POSTS
 The French newspaper Le Monde called it "the robbery of the century." So what was it? A Mission Impossible-style crew of balaclava-wearing acrobats bypassing sophisticated alarms to burgle a museum or gallery? Or maybe it looked like one of those "Oceans" movies: a crack team of hardened special...
02/06/2020
 It's 2020, and yet in today's Disneyfied America, little girls still dream of becoming princesses. Really, what's not to like about it? You get all the pomp and circumstance of the royal court without the inconvenient stress of actually running the country. You get to show off the crown jewels. ...
01/27/2020
 Everyone understands the concept of a "tax haven" — a delightfully sunny island somewhere in the subtropics, or a cozy European duchy tucked away on a scenic Alpine lake. Perhaps the global rich who take advantage of these safe deposit boxes just want someplace nice to stay when they visit their...
01/14/2020
 Taxes are a fact of life, but tax problems shouldn’t be. If you find yourself in tax trouble, the IRS has clear plans for how to proceed in collecting what they believe you owe. After sending you notices, the IRS can garnish your wages, levy your bank account, even put a lien on your property.  ...
01/12/2020
 Moviegoers the past few years could be forgiven for thinking comic books had taken over Hollywood. So much of the "sophisticated adult drama" that grownups used to see in theaters has migrated to streaming video, that it seems suburban multiplexes are reserved for Batman, Superman, and their cap...
01/07/2020
 Happy New Year!!Now that the collective holidays are past us and we’re plunging into 2020, I wanted to reach out to not only welcome you to the next decade, I wanted to try to get a sample of what entrepreneurs like you were thinking.Are you optimistic about the coming year?  Worried?  What plan...
01/05/2020
  Running your own business means wearing a lot of hats, from office cleaner and supplies buyer to client schmoozer and payroll maker. But should you add tax preparer to your already long list of duties? What if you have a tax problem with the IRS? What if doing your own taxes creates a tax probl...
01/04/2020
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 Let's say you need someone to help you do something really important. Would you settle for someone who just Googled it? Would you look for someone with the right professional license? Or would you hold out for the guy who literally wrote the book on whatever it is you need to do? Expertise doesn...
12/05/2019
Nothing stays the same in the tax world, and that’s especially true with your brand-new 20 percent Section 199A tax deduction. In January, an IRS Notice gave you a Section 199A safe-harbor option for your rental properties, possibly making it easier for you to qualify for this new tax deduction. ...
11/21/2019
 Next week brings us the most quintessentially American of all holidays. It's the one we wait for all year, the one that truly captures those ideals that bind us together as a nation, and the one that bridges the cultural and political gaps that threaten to tear us apart. We're talking, of course...
11/18/2019
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Allan Rolnick

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