Tag Archives: dsjcpa
Home Prices See First Monthly Decline in Years
From June to July, home prices slid for the first time in years. This is the latest sign that higher mortgage rates are starting to weigh on home prices in many of the country’s biggest markets. It will be interesting … Continue reading
IRS Extends Time to Fix Up R&D Tax Credit Claims
For companies and tax professionals alike, the IRS is granting a one-year extension to fix up their claims for the research and development tax credit. On Friday, the agency announced an extra year extension through Jan. 10, 2024, the transition … Continue reading
Goldman Sachs Brings Back Wall Street Tradition With Hundreds Of Cuts This Month
The first major bank on Wall Street kicked off layoff season by cutting hundreds of jobs across the firm. This move is attempting to reign in expenses amid a collapse in deals volume. According to a person with direct knowledge … Continue reading
3 Things To Consider Doing Before The Tax Extension Filing Deadline
It is almost that time again! In a little under a month, almost 19 million Americans who asked for extensions on their 2021 tax returns will need to file. There are a few crucial actions these taxpayers need to take … Continue reading
Victims Of Hurricane Fiona Qualify For Tax Relief Throughout Puerto Rico
Earlier this week, a category 4 hurricane charged up the Caribbean coast devasting all 78 of Puerto Rico’s Municipalities and leaving the entire island without power. The IRS is offering relief which includes the suspension of various federal individual and … Continue reading
Improperly Forgiven PPP Loans Can Be Taxed, Says The IRS
This past Wednesday, the Internal Revenue Service made a statement saying that improperly forgiven Paycheck Protection Program (PPP) loans are taxable. The statement was made after federal investigators uncovered billions of dollars in fraud related to several pandemic relief programs … Continue reading
Shakira’s Hips Don’t Lie, After All, She Has Pay Slips to Prove It
Earlier this summer, global superstar and singer, Shakira was accused of tax fraud by the Spanish government. The claim against her was that she had millions of dollars in unpaid taxes from the time of 2012-2014 when she was allegedly … Continue reading
Humans of DSJ – Allen Rosen
Introducing Allen Rosen
A Brooklyn native for 40 years, Allen Rosen now resides in Oceanside and is a valuable member of DSJ’s tax team. Allen is extremely well-liked around the office and is known for his positive attitude and his … Continue reading
Billionaire Who Donated 98% of Patagonia, Shielded from $700m Tax Hit
Yvon Chouinard, the founder of popular clothing brand, Patagonia described his decision to donate his wildly successful outdoor clothing company as an effort to do his part to protect the planet. However, there are also other benefits based on how … Continue reading
Retirees Can Expect a Larger Social Security Check in 2023. Now For the Bad News
The rising rates of inflation that are sweeping the country over the summer are expected to increase the 2023 Social Security cost of living adjustment, A.K.A. “COLA.” The percentage increase (8.7%) is the largest one in 40 years, … Continue reading