Triple threat (tenants rejoice and landlords beware!)

It’s a classic story. You lease an apartment. Everything is wonderful. You move out and are supposed to get your deposit in the mail. What you get back wouldn’t buy you a large popcorn in the movie theater. Accompanying your measly check is an ambiguously worded explanation and a checklist which includes: paint, carpet, carpet padding, cleaning fee, processing, supplies, etc.… Read More

The Tax Ramifications of Divorce (buy a car in december, get divorced in january)

During the tumultuous end of a marriage, spouses seek counsel from therapists, friends, family, and ministers. Few spouses think of asking their CPA about their divorce. Divorce has several tax consequences. I recently spoke with a man who received a $40,000 tax bill following his divorce (ouch) at the same time he started paying spousal and child support.… Read More