Tax Planning: significant benefits you can enjoy this year

October 30th, 2017 / Michael Davidov / 0 comments

Dear Client: Does any of the below describe your recent experience? Had substantial federal and/or state tax due on your prior year tax return(s); Did not have enough tax withholding from your pay check due to personal financial obligations; Had contractor (1099-MISC) income but very few deductions; Had to withdraw funds from traditional or Roth […]

Cost Basis of Securities

January 8th, 2017 / Michael Davidov / 0 comments

  Now that we are into the new year, it is a time when people start looking forward. Most of this forward focus comes in the form of making positive changes, as shown by the amount of Planet Fitness commercials we are currently being subjected to. Around here at Davidoff and Associates, though, this pulls […]

Healthcare tax considerations – Part I

December 21st, 2016 / Michael Davidov / 0 comments

Call it what you will, the Affordable Care Act or Obamacare, but just by saying it, you will find that everyone has an opinion. Those opinions run the gamut, from wildly supportive to thinking it signals a gross overstepping of the bounds of government power, but its existence cannot be denied. At least for another […]

November 2016 newsletter

December 3rd, 2016 / Michael Davidov / 0 comments

Welcome to the relaunch of Davidoff CPA’s monthly newsletter and thank you for taking the time to read it. First, I want to take some time to talk about why we put this together and what we hope you get out of it. It came about because there are too many of our clients with […]

Using home office deduction when it counts

November 16th, 2016 / Michael Davidov / 0 comments

We are all constantly looking for the tax deductions that we can (legally) use, but it is tough to find some of them without professional advice. As tax professionals, one of the deductions we find is frequently missed – or at least not used out of fear of wondering if one really qualifies – is […]

An introduction to ROTH IRAs

November 10th, 2016 / Michael Davidov / 0 comments

  After what was arguably the most contentious presidential election in memory, there are many who have been left feeling uncertain about the future. It is impossible to know at this early moment just how the results are going to affect our country. If all those thoughts have you contemplating the future more than usual, […]

Making sense of rental losses

November 2nd, 2016 / Michael Davidov / 0 comments

As we move toward the end of election season, tax talk is bound to continue being a hot topic of discussion. Wondering about what tax code changes our next president may try to enact could even carry us right into tax season. And yes, tax season really is approaching that quickly. That means now is […]