In Brief Retirement has always required difficult choices and prudent planning. A myriad of regulatory changes and emergency legislation passed to address the coronavirus (COVID-19)…
I read the May 2018 CPA Journal article, “Untangling the Inherited IRA Rules” by Richard L. Russell Jr., Richard L. Russell, and Kristina Kesselring (http://bit.ly/2NeUw1F). One…
Untangling the Inherited IRA Rules
Retiring Baby Boomers and the Impending Transfer of Wealth
As the baby boomers enter their sunset years, many of them will use traditional Individual Retirement Accounts (IRA) to support themselves in retirement. For a…
Over the next 20 to 30 years, the United States is expected to experience one of the largest transfers of wealth in modern world history…
IRC Section 162 and Deductible Business Expenses for Marijuana Dispensaries
The Taxation of Breaking Bad
On July 5, 2014, Governor Andrew Cuomo signed New York Assembly Bill 6347, permitting the medical use of marijuana in the state. This continued a…