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

EVault

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

Wimpy

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