Articles

MWE written articles.

Posted in Articles, In The News

Tax Reform – An Unsure Thing

There’s nothing certain except death and taxes, the saying goes. The only problem is, lately, uncertainty surrounding the tax code has made a crystal ball as important a tool for CPAs as a calculator. The Trump Administration’s tax plan has injected a huge dose of uncertainty into this and the following year’s tax planning, as…

Read More
Posted in Articles

Why It’s Risky to Rely on Unofficial IRS Guidance

In a recent blog, National Taxpayer Advocate Nina Olson explained why taxpayers can’t rely on answers to Frequently Asked Questions (FAQs) and Answers and other forms of “unofficial” guidance that are posted on the IRS website. While tax professionals already knew this, many taxpayers may find it to be a disturbing revelation. Olson’s blog notes…

Read More
Posted in Articles

Report Warns Retirees about Potential Downsides of Reverse Mortgages

Reverse mortgages have been around for years. But they’re getting a new spin: Some senior homeowners are tapping into their home equity to “bridge the gap” until the time they’re ready to apply for Social Security benefits. However, an independent consumer agency — the Consumer Financial Protection Bureau (CFPB) — is cautioning retirees against using…

Read More
Posted in Articles

Understand Your Social Security Retirement Benefits

For years, people have questioned the viability of the Social Security system going forward. In July, the Social Security Board of Trustees released its annual report on the long-term financial status of the Social Security Trust Funds. The report projects that the combined asset reserves of the Old-Age, Survivors and Disability Insurance (OASDI) Trust Funds…

Read More
Posted in Articles

Learn the ABCs of Higher Education Tax Breaks

Back-to-school season is a good time to review the federal tax breaks that are currently available if you or a loved one will be attending college or graduate school this fall. After all, a higher education degree is one of the biggest investments you’ll ever make.

Read More
Posted in Articles

Business ID Theft: Is Your Data at Risk?

The IRS and state tax authorities have made significant strides in curbing individual identity theft over the last two years. But cyber attacks against businesses are on the upswing. Here are some simple ways business taxpayers can help protect their data from hackers. Trends in ID Theft The IRS recently announced that the number of…

Read More
Posted in Articles

10 Sources of Tax-Free Income

There are still ways to earn income that is free from federal income tax. With the various tax increases that have taken effect in recent years, tax-free income opportunities are more valuable than ever. Here are 10 sources of non-taxable income.

Read More
Posted in Articles

Unlock the Biggest Possible Deduction for a Home Office

The IRS recently issued a reminder about claiming the home office deduction. In particular, it explained a simplified method that offers a time-saving option. But many taxpayers who maintain a home office fare better tax-wise by deducting expenses under the regular method. Others may not be eligible to deduct any home office expenses. Here’s why.

Read More
Posted in Articles

Reclassifying Business Expenses as Constructive Dividends

To be deductible, a business expense must be both ordinary and necessary. An ordinary expense is one that is common and accepted in your field of business. A necessary expense is one that’s helpful and appropriate for your business. Here’s a list of important questions to consider as you start your journey:

Read More
Posted in Alerts, Articles, In The News

MWE hosts ‘Escape The Office’ Event for Staff

At the conclusion of the 2017 busy season, MWE’s Marketing Department masterminded a fun, interactive, team-building event called “Escape the Office” for the staff. Twelve teams of four attempted to escape one of the firm’s prison themed conference rooms by solving numerous clues in 30-minutes or less. Following the event, Long Island Business News interviewed…

Read More
Posted in Articles

Financial Survival Tips for Recent College Graduates

Graduation can be one of the most exciting — and intimidating — times in your life. You’re officially an adult, and with that new-found independence comes financial responsibilities. No pressure, but the decisions you make today about spending and saving can mean the difference between struggling for the rest of your life and building a…

Read More
Posted in Articles

10 Simple (and Fun) Ways to Cut Taxes This Summer

It’s already starting to feel like summer in many parts of the country. But the forecast for Washington remains unclear as officials continue to discuss various tax-related issues. No matter what happens in Washington, don’t get stuck in a holding pattern yourself. Give some attention to business and personal tax planning this summer. Here are…

Read More
Posted in Articles, In The News

Positioning Your Small Business for Success

Published in: Is Positioning Your Small Business for Success As Simple As Switching Corporate Status? Current tax reform proposals put forth by the incoming Trump Administration and the Republican House of Representatives would greatly reduce tax rates on businesses – and could make those set up as C-Corps rethink their…

Read More
Posted in Alerts, Articles, In The News

Margolin, Winer & Evens LLP Announces Leadership Transition

Teddy Selinger Celebrates 20 years of Leadership as Firm’s Third Managing Partner Longtime Partner Craig Savell Named Successor Selinger & Savell to Share Leadership Roles Through 2017   Margolin, Winer & Evens, a Top 100 accounting and business advisory firm founded in 1946, will start transitioning to its fourth generation of leadership in 2017 with…

Read More
Posted in Articles, Guides, Surveys & White Papers

Survey of NYC Real Estate Executives Shows Post-Election Optimism for Industry

GARDEN CITY, NEW YORK – Following the results of the Presidential election, real estate developers and executives are bullish on the future of New York real estate. According to a new survey from accounting and business advisory firm Margolin, Winer & Evens LLP (MWE), 84 percent of surveyed New York real estate executives said that they believe…

Read More