Blog

IRS Provides Gift Tax Filing Relief for Certain Trump Account Contributions 266 266 Noelle Merwin

IRS Provides Gift Tax Filing Relief for Certain Trump Account Contributions

The IRS has issued Revenue Procedure 2026-25, providing gift tax reporting relief for certain individuals who contribute to Trump Accounts established for eligible children. Under the new safe harbor, qualifying contributions will be treated as completed gifts that are not future interests in property and that qualify for the annual per donee gift tax exclusion.…

read more
A Smarter Approach to Reducing Probate Challenges 266 266 Noelle Merwin

A Smarter Approach to Reducing Probate Challenges

When a loved one passes away, settling his or her financial affairs can be an emotional and complex task. One legal process that often comes into play is probate. Understanding how probate works — and implementing strategies to minimize or avoid it — can help you protect your assets and simplify matters for your family…

read more
Smolin Summer 2026 Newsletter 849 1200 Noelle Merwin

Smolin Summer 2026 Newsletter

  View the Summer 2026 Newsletter for tax and industry insights.

read more
Hobby or Business? It Could Cost You 266 266 Noelle Merwin

Hobby or Business? It Could Cost You

Do you operate a side gig in addition to your regular day job? Whether you’ve turned a love for crafting into an online store or you play the guitar at a local venue, you’ll need to report the income from your sideline activity on your tax return. But can you deduct the related expenses? The…

read more
Business Owner? 5 Overlooked Tax Deductions 266 266 Noelle Merwin

Business Owner? 5 Overlooked Tax Deductions

If you’re self-employed, you probably have questions about deducting business expenses on your federal income tax return. Here’s a quick overview of the filing requirements for sole proprietors and independent contractors, and five examples of expense deductions that are commonly overlooked or misunderstood. Filing basics Sole proprietors and independent contractors must report their business activity…

read more
New Reporting Requirements for New Jersey Health Care Service Firm License Renewals 266 266 Noelle Merwin

New Reporting Requirements for New Jersey Health Care Service Firm License Renewals

New Jersey health care service firms should take a close look at the financial reporting documents they must submit when renewing their registration with the New Jersey Division of Consumer Affairs. Recent rulemaking and agency guidance make clear that every health care service firm must now submit an annual financial statement with its renewal. Annual…

read more
After-Tax vs. Roth 401(k) Contributions: Which Strategy Fits You? 266 266 Noelle Merwin

After-Tax vs. Roth 401(k) Contributions: Which Strategy Fits You?

If you participate in a company 401(k) plan, you already know that you can make pre-tax contributions up to the annual elective deferral limit to a traditional, tax-deferred account. If your 401(k) plan offers a Roth option, you can use part or all of your limit to make after-tax contributions to a Roth account instead.…

read more
Self-employed? Don’t overlook a Roth IRA 266 266 Noelle Merwin

Self-employed? Don’t overlook a Roth IRA

Some small business owners overlook Roth IRAs because they assume their income is too high for them to qualify to make Roth contributions. Others may think their current tax rate is higher than it will be in retirement, making current tax deductions more valuable than future tax-free distributions. However, if you don’t at least consider…

read more
Beyond the Balance Sheet: Tracing True Value in Shareholder and Partnership Battles 266 266 Noelle Merwin

Beyond the Balance Sheet: Tracing True Value in Shareholder and Partnership Battles

Welcome back to Follow the Money. In the last article, we dug into how inflated assets and hidden liabilities can distort a company’s financial picture. This month, we’re shifting to a problem that shows up just as frequently in shareholder and partnership disputes but is often much harder to see at first glance: the value…

read more
CAPE Opens in ACE: What Importers Need to Know About IEEPA Refund Processing 266 266 Noelle Merwin

CAPE Opens in ACE: What Importers Need to Know About IEEPA Refund Processing

U.S. Customs and Border Protection (CBP) activated the Consolidated Administration and Processing of Entries (CAPE) functionality in the Automated Commercial Environment (ACE) on April 20, 2026, marking the first operational mechanism for processing refunds of duties paid under tariffs illegally imposed pursuant to the International Emergency Economic Powers Act (IEEPA). CAPE represents CBP’s initial attempt…

read more
Tax News: Amending Personal Income Tax Returns 266 266 Noelle Merwin

Tax News: Amending Personal Income Tax Returns

It is estimated that five million amended income tax returns are filed with the IRS annually. There are various circumstances why an amended Federal income tax return is filed by an individual taxpayer including: •    To correct an error discovered after filing •    Receipt of a corrected 1099 form, often from brokerage firms •    Receipt of a third-party…

read more
Balancing Costs, Customers, and Competition in Pricing Decisions 266 266 Noelle Merwin

Balancing Costs, Customers, and Competition in Pricing Decisions

Rising labor, materials and operating expenses continue to pressure margins across industries. To relieve that pressure, you might consider a price increase. The prices of your products and services should evolve with your business and market conditions while reflecting customer demand. Adjusting prices can protect profitability, but poorly timed or overly aggressive increases can erode…

read more

leverage our expertise.

Our experts can present you with a clear, understandable approach to your finances. You can rely on insights provided in the Blog by Smolin Lupin, which is part of our commitment to your financial clarity. We can help you:

  • Develop insights into new markets
  • Streamline operations
  • Raise capital, control risks
  • Devise tax strategies
  • Maintain research and development
  • Help position your business for long-term growth in emerging fields

For biotechnology accounting advice tailored to your needs, contact your trusted Smolin advisor today.

Name
Start Typing
in NJ & FL | Smolin Lupin & Co.