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Passing Down Wealth? Don’t Forget the GST Tax 266 266 Noelle Merwin

Passing Down Wealth? Don’t Forget the GST Tax

If your estate plan includes gifts, bequests or other transfers to grandchildren, great-grandchildren or other beneficiaries decades younger than you, the generation-skipping transfer (GST) tax deserves careful attention. Without proper planning, transfers that skip a generation can potentially trigger a significant federal tax in addition to gift or estate taxes. GST tax rules at a…

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Damages Unmasked: Calculating Lost Profits and Economic Harm in Commercial Litigation 266 266 Noelle Merwin

Damages Unmasked: Calculating Lost Profits and Economic Harm in Commercial Litigation

Welcome back to Follow the Money. Over the past few months, we have walked through hidden transactions, inflated balance sheets, shareholder value suppression, and embezzlement schemes. This time, we are focusing on a topic that often sits at the center of commercial disputes—and usually generates the most debate between experts: calculating economic damages, especially lost…

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4 Cash Flow Tips for Seasonal Businesses 266 266 Noelle Merwin

4 Cash Flow Tips for Seasonal Businesses

Most businesses experience cash-flow fluctuations, but the swings can be especially intense for seasonal businesses. Revenue may rise sharply during busy periods and fall in slower seasons, yet many expenses continue year-round — and some must be paid months before sales peak. This timing mismatch can leave an otherwise profitable business short on cash. Here…

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Tax Planning Strategies Every Real Estate Investor Should Know 266 266 Noelle Merwin

Tax Planning Strategies Every Real Estate Investor Should Know

Many individuals invest in real estate to help diversify their portfolio, create an income stream for themselves from rental income and build net worth over time. Often, this is a side activity to a career in another field or running another type of business — not the individual’s primary source of income. Holdings might range…

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Teachers, take note! New Tax Deductions for Teachers in 2026 266 266 Noelle Merwin

Teachers, take note! New Tax Deductions for Teachers in 2026

Teachers and other educators often spend their own money on books, supplies, equipment and other classroom needs. For 2026, eligible educators may have two ways to deduct qualifying unreimbursed expenses. One deduction is available whether or not they itemize, and a new deduction under the One Big Beautiful Bill Act (OBBBA) is available to itemizers.…

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Will Your Disability Benefits Be Taxable? Understanding the Rules 266 266 Noelle Merwin

Will Your Disability Benefits Be Taxable? Understanding the Rules

Disability insurance is a valuable benefit provided by many employers. It replaces a portion of the insured person’s income — typically 45% to 65% of pre-disability earnings — after a specified waiting period that starts when the person becomes disabled (as defined by the policy’s terms). Whether you’re just beginning to receive disability benefits or you’re…

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Fraud in the Shadows: Uncovering Embezzlement and Asset Misappropriation in Business Disputes 266 266 Noelle Merwin

Fraud in the Shadows: Uncovering Embezzlement and Asset Misappropriation in Business Disputes

Welcome back to Follow the Money. Over the past few months, we’ve gone over hidden transactions, overstated assets, and how value gets quietly shifted in shareholder and partnership disputes. This time, we’re focusing on a type of fraud that shows up far more often than people realize, usually at the hands of someone who was…

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Running a Business Solo? Here’s What You Need to Know About Taxes 266 266 Noelle Merwin

Running a Business Solo? Here’s What You Need to Know About Taxes

Many small businesses start out as sole proprietorships. This structure is simple and inexpensive to establish and maintain — and it gives the owner direct access to profits without having to take formal distributions. But it also makes your taxes more complicated than when you were a W-2 employee. Here are some federal tax issues…

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NYC Pied-à-Terre Tax: What Property Owners Need to Know 266 266 Noelle Merwin

NYC Pied-à-Terre Tax: What Property Owners Need to Know

New York City has issued notices regarding the new Non-Primary Residence Surcharge, commonly referred to as the Pied-à-Terre (“foot on the ground”) Tax. The surcharge applies to certain non-primary residences located in New York City. In some cases, notices were also sent to New York City individuals whose properties qualify as their primary residence. Recipients…

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IRS Scam Alert: Protect Your Information 266 266 Noelle Merwin

IRS Scam Alert: Protect Your Information

We want to make you aware of a new scam targeting taxpayers that involves criminals impersonating the Internal Revenue Service (IRS). Scammers are sending fraudulent letters, emails, and text messages claiming recipients must enroll in a so-called “Digital Asset Compliance Portal” before a specified deadline. These communications may include QR codes or links designed to steal…

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Sending a Child to College This Fall? Don’t Overlook These Valuable Tax Breaks 266 266 Noelle Merwin

Sending a Child to College This Fall? Don’t Overlook These Valuable Tax Breaks

A higher education is expensive, and many parents spend years saving up. Others haven’t had the financial bandwidth to save or have hit unexpected financial roadblocks along the way. Regardless of your situation, current tax breaks may be available to you (or to your children or even their grandparents) once your child begins attending college…

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Before You Donate: Know the Tax Rules 266 266 Noelle Merwin

Before You Donate: Know the Tax Rules

Have you already made contributions to charity this year? Are you considering making more between now and year end? If so, it’s important to be familiar with the tax rules for different types of donations so you can maximize your tax benefit or at least avoid finding out at tax filing time that your charitable…

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