Latest Posts

Tax Bites: Vacation home owners: Adjusting rental vs. personal use might save taxes

With summer drawing to a close, if you own a vacation home that you both rent out and use personally, it’s a good time to review the potential tax consequences: If you rent it out for less than 15 days, you don’t … Continue reading

Peace of Mind


Hurricane Sandy taught us two important lessons: Expect the unexpected and be prepared. The thought of a major hurricane hitting New York City was on the back burner for most companies in and around New York. New Yorkers have dealt with severe … Continue reading

Faud Spotlight: A Hamburger on Tuesday


Anybody familiar with the cartoon character Popeye the Sailor Man will remember the character of J.Wellington Wimpy or “Wimpy” for short. Wimpy was always ready to make a deal. His trademark statement was “I’ll gladly pay you Tuesday for a hamburger today”. … Continue reading

Tax Bites: Grandchild in college this fall? Paying tuition could save gift and estate taxes

Now’s the time of year when many young adults are about to head back to college — or to enter their first year of higher education. If you have a grandchild who’ll be in college this fall and you’re concerned about gift … Continue reading