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Owning a home offers more than just pride and stability; it comes with significant financial perks, especially during tax season. Navigating these benefits doesn't have to be overwhelming and understa

When facing tax-related issues, many people find themselves confused about whether to reach out to the IRS directly or to seek the expertise of an accountant. Both entities play crucial roles, but the

Navigating the New Retirement Required Minimum Distribution Rules Staying informed on retirement regulations is essential for successful financial planning. With the finalized IRS regulations regardi

Getting ready for tax season may not be on the top of your list, but planning ahead can save you a lot of stress. Here are four practical steps you can take now to make next year’s tax fi

Closing out the year can be a challenging experience for business owners. The good news is that you can avoid some of this stress and potentially save money by following these 10 steps be

As students head off to college this month, it's essential to understand the valuable education tax credits and deductions available to help manage the financial burden. At Thomas P Gogar

Tax audits can be a daunting prospect, but understanding the process can help alleviate concerns. At Thomas P Gogarty Jr CPA, we want to provide you with a clear overview of what happens

At Thomas P. Gogarty Jr. CPA, we understand that effective tax planning and management is a year-round endeavor. Here are some essential strategies that can help you enhance tax efficienc

As we look ahead to 2026, it's crucial to grasp the forthcoming alterations to the estate tax exemption under the sunset provisions of the Tax Cuts and Jobs Act (TCJA). While it might see

As tax season rolls around, it's an opportune moment for commercial real estate investors to reassess their strategies and ensure they're making the most of their investments. At Thomas P

In an ever-changing regulatory environment, it’s crucial for businesses to stay ahead of new requirements that could impact their operations. Starting in 2024, a significant regulatory up

Thomas P Gogarty Jr CPA delves into the critical topic of casualty losses caused by federal disasters. This blog post aims to inform those affected by disasters, or residing in disaster z

The IRS has recently announced substantial revisions to the Form 1099-K reporting requirements that directly impact many taxpayers and tax professionals. As your trusted advisors, we are

Navigating today’s volatile market requires a strategic approach to investment. Amidst the fluctuations, there’s an often-overlooked gem: tax-loss harvesting. This strategy can turn inves

Starting a new business is an exciting venture filled with potential and promise. However, it's essential to understand the financial intricacies that come with launching a company,

Taxes are an inevitable part of our financial lives, but that doesn't mean you have to pay more than your fair share. With proper financial planning, you can reduce your tax bill an

Education is a powerful tool that can open doors to a brighter future, but it often comes with a hefty price tag. Fortunately, the U.S. tax code offers a range of incentives to help