The extreme limitations that the new tax law has imposed on deducting state and local taxes (state withholding taxes from wages; real estate taxes on homes) is probably the most upsetting of its provisions. High tax states with high income and county taxes like New York, New Jersey, Connecticut, California, DC, Maryland, and Illinois are Read more about In the News: WDEF News 12 Now[…]

Not fair at all! Entertainers and athletes do not benefit, while many other businesses do. The surprise winners (and losers) in this year’s tax season – a CBS News article featuring Harvey’s commentary. The new tax law 20% QBI Pass-Through Deduction provides a huge tax savings for most businesses. However, some businesses are excluded from Read more about In the News: CBS News[…]

Harvey was quoted by MarketWatch on the steps to take to protect yourself financially and mitigate potential conflicts and complications during settlement negotiations when divorce is on the horizon. Surprisingly, many divorce attorneys do not emphasize the importance of avoiding a tax dispute with your ex-spouse.  That’s why a savvy forensic tax expert (i.e., Harvey) Read more about In the News: MarketWatch[…]

An investigative reporter at the Tampa Bay Times quoted Harvey on the internal controls (or lack thereof) the IRS has in place to prevent issuing fraudulently claimed tax return refunds. The article is entitled: “From the ‘Tax Fraud Queen’ to the $980,000 refund, Tampa Bay is a hotbed of tax scammers.” You are sure to Read more about In the News: Tampa Bay Times[…]

Harvey quoted in US News & World Report regarding what is felt by most tax professionals to be THE most confusing change to the new tax law…even the IRS does not yet know exactly how to interpret this provision! Known as the “Internal Revenue Code Section 199A Qualified Business Income Pass-Through Deduction,”  the IRS recently Read more about In the News: US News & World Report[…]

Harvey was featured in Business Insider on the topic of “Hold On To Your Nest Egg For Dear Life!” Wealth preservation, when you hit the 60 year mark, can be much more important than additional wealth accumulation. It is so difficult to make money, and so easy to spend it unnecessarily or lose it unexpectedly Read more about In the News: Business Insider[…]

Harvey was quoted again by Bloomberg:  “Fear of Filing? Some Taxpayers Finding Tax Bills, Not Refunds.” There are many kinds of penalties the IRS can assess against individual and business taxpayers.  One of the most financially severe, is the failure to file penalty. So, as a “rule of thumb,” extensions should always be timely filed, Read more about In the News: Bloomberg[…]

Harvey was quoted again in US News & World Report:  “How to Build a Balance Sheet.” Balance Sheets are required on an ongoing basis and for a variety of reasons for individuals and businesses alike. Whether it’s a home mortgage or refinancing, the purchase of commercial real estate, applying for a car lease, or investing Read more about In the News: US News & World Report[…]

Harvey was featured again in Forbes: “Why You Need Your Tax Professional More Than Ever This Tax Season – Even If It Costs More.” The Tax Cuts and Jobs Act of 2017 (new tax law) has several very complex provisions affecting all taxpayers — business owners, real estate investors, and wage-earning individuals. It’s important to get the best advice Read more about In the News: Forbes[…]