Blog

We’re really the quarterback in everything. I love Artie’s, chess analogy. When it comes to strategy, when it comes to what role do we play, it’s really the quarterback role. And so I really refer to it as the three C’s, communication, collaboration, and connection. To be the quarterback I have to organize all of Read More

Foreign tax credit is very complicated. Like I’m making it sound simple, but it’s not. And it’s basically driven by are you paying tax to a country that has a treaty with the United States saying you can claim a foreign tax credit. That’s really the first prong that you have to answer. And then Read More

With regards to philanthropy, it’s a huge mission as part of the Palermo, Landsman, and Ross culture, not just at the principal level, but within our employees. We are even just helping employees within the office when they have a difficult situation and our philanthropy extends outside of the office. Whether it’s getting our network Read More

I have a flawless reputation with the IRS over 20 years, and I’ve built a really strong reputation with several of the same agents that I’ve dealt with year after year after year, and that helps to push the process along. The agent isn’t defensive. They know who I am. They’ve worked with me before. Read More

So like as a CPA firm, we deal with businesses all the time, and the thing is, we could either just sit here and do their return or we can advise and connect them with these other professionals. You know, it, it’s very refreshing. You know, a lot of times, you know, we’ll have them Read More

So when it comes to FATCA, there’s really important details that I never wanna forget. I keep my notes here. It’s very complex. There’s various reporting requirements. The laws are constantly evolving, and there’s very little information available to tax practitioners even. And lastly, every single day there’s greater enforcement because of information technology. So, Read More

A lot of times I’m asked if I need to do the individual taxes and the business taxes, and I always say yes, because proactive tax planning, it involves both. If you’re an S-corporation or your partnership and your income is passed through, I’m gonna need to see what your individual tax assessment is to Read More

Proactive tax planning is my absolute favorite thing to do on the planet. It’s where I really shine. It’s where our firm shines and it’s what separates PLR from, I’m gonna say 90% of the firms out there. Proactive tax planning happens in several different ways. Our office has a really structured process on this, Read More

Avoiding an IRS audit can be very simple. Hire the right practitioner. You wanna hire a CPA that is an expert in tax, not A CPA. That’s a forensic accountant or an accountant for a private company. You wanna make sure you’re hiring a tax practitioner and that their name is going on that return. Read More

Top three things that happen in an audit is you get your notice of audit, and that notice of audit requires you to provide a lot of information within a very short time period. Second step is all that information is gathered and organized and it’s provided to the agent. Then the agent is able Read More