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Richard Streitfeld – Buddhist Mensch

The New Tax Law And You
Staff Opening!

December 13, 2017 Rich Streitfeld, CPA
Taxes, Uncategorized

  You’ve heard: Major tax legislation was approved by Congress and signed by the President, with changes effective January 1, 2018. Here are some of the highlights that will affect individuals: The standard deduction is nearly doubled for each “filing status.” The child tax credit is increased. Personal exemptions are eliminated. Deductions for state and local property and income taxes are capped at $10,000 per
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Richard Streitfeld – Buddhist Mensch

Charitable Deductions

October 22, 2017 Rich Streitfeld, CPA
Uncategorized

  Reprinted with permission of cartoonstock.com Q: My body was frozen. Can it be a charitable contribution? – Bed Williams, Baseball star A: If philanthropist Andrew Canteloupe  buys your corpse, sells it at Sotheby’s and then donates the proceeds, sure–he can deduct his donation as long as he itemizes deductions(Schedule A) and the donation does not exceed 50% of his adjusted gross
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Richard Streitfeld – Buddhist Mensch

Bliss Requires Careful Planning

July 7, 2017 Rich Streitfeld, CPA
Uncategorized

  Catering Gone Sour Jerry and Joan were college buddies and started a catering business together, Taste Buddies. Three years in, Jerry decided to take a part- time teaching position and a leave of absence from the catering enterprise.  He later wanted to negotiate a return to the company, but Joan would have none of
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Richard Streitfeld – Buddhist Mensch

“But Officer…”
The Hazards Of Late Filing

March 14, 2017 Rich Streitfeld, CPA
Uncategorized

  (It’s N’oreaster time in New England. So cozy up and read one of my favorite back issues. Funny, I didn’t need to update it.) CALL it the miracle of compound interest. Or the government’s interest in collecting taxes. However you cut it, your household or sole proprietor business can easily rack up hundreds or
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