Hurricane Dorian made landfall in the Bahamas over the weekend. The category 5 storm has been called the strongest storm to ever threaten the east coast with maximum sustained winds of over 185 mph. According to the National Hurricane Center, “Although gradual weakening is forecast, Dorian is expected to remain a powerful hurricane during the next couple…
The Internal Revenue Service (IRS) has announced tax relief for victims of Hurricane Florence.
Taxes from A to Z: L is for Lost Property.
D is for Disaster Relief. The forecast for the past several days has been terrible with warnings and advisories for gusting winds, heavy rain and ice, and several inches of snow slated to blow into the Philadelphia area. Did the storm live up to the hype? The storm really did pack a punch in other…
We’re programmed to hate losses. A loss tends to mean that you did something wrong, made a poor move, or chose the ill-advised option. But in the tax world, a loss isn’t always a bad thing. Losses on paper sometimes mean a win at tax time – just ask Mitt Romney. Romney’s 2010 federal income…
I know that cleanup efforts are still ongoing in the aftermath of Hurricane Sandy… 21,000 people in the Philadelphia area alone are still without power and nearly 2 million are still in the dark in the State of New Jersey. Worrying about taxes in the middle of all of that shouldn’t be part of the…
It’s been a quiet hurricane season so far on the east coast. After last year, that’s a relief for a lot of folks. And it looks like the pattern will continue: the National Oceanic and Atmospheric Association (NOAA) is predicting a “near normal” season for the year, with expectations of 13 named storms, 5 hurricanes,…
2011 is coming to a close which means that year end tax strategies are on the minds of many taxpayers. We all know the most common tips (pay mortgages in advance, make contributions to retirement accounts, donate to charities) but what about those outside of the box? It’s true that you can engage in life…
We survived Irene. Five days without power and water felt like an eternity but we were very lucky to otherwise not sustain any real damage. My kids were safe albeit a little cranky. I realize that not everyone was so lucky and my thoughts and prayers are with all of you who suffered injury or…
This morning, the sun is shining prettily outside the window. There is hardly any indication of the storm that was Hurricane Irene that roared through the area – except that I am typing this article on a laptop in a darkened room, not sure when or where I’ll post it. We are one of hundreds…